AFRM trade ideas
AFRM catching the downtrendAgain we're jumping on a trend that has already started so I want to give the reminder that these should have smaller position sizes in your
swing trading strategy.
PTON which was previously one of our longs is one of Affirms bigger customers so you could see how the comps compare to last year.
Another reminder is here at Flightschool we try to emphasize Reward/Risk to get you into swing trades with less hesitation knowing that your losers have a
good chance of being larger than your losers and will help achieve profitability. Therefore, we are not afraid to jump in on a strong trend if it has already started and we
also pay less attention on news and talking points.
$AFRM bounce?I'm in no way a financial advisor. Just posting my observations! The technicals are rising, while the price of AFRM shares are pretty low (near their 52-week low) -- so i'd be expecting a bounce in the near future. What do you guys think?
Affirm HoldingsThis looks like BIGC, AI and all these other "tech" unicorns pattern to me.
IPO ---> Cosmos ---> Laika ---> Get hit by an asteroid ---> troposphere ---> stratosphere ---> mesosphere ---> thermosphere ---> exosphere ---? your grandma's couch, cookies and milk ---> recharge and hello Laika again
AFRM, REVERSAL COMING?Hello fellow traders and investors, here's another trade idea.
AFRM has recently pulled back to the support area, if AFRM makes a full recovery it offers around a 70% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When the Macd indicates a reversal by crossing its EMA.
When EMA's crossover.
If you like to be more conservative I recommend waiting for the break above the trendline.
When To Sell:
I recommend selling at its previous high offering around a 70% ROI.
Fundamentals: AFRM operates a platform for digital and mobile-first commerce. It offers integrated checkout, virtual cards, split pay, Affirm's app and marketplace, and savings accounts. Basically, if you buy let's say 100$ worth of something you get to pay that in monthly payments using Affirm. Their sales growth Q/Q is 52%, earnings per share growth of 33% Q/Q, unfortunately, their ROI is -20.60% so they are not yet profitable.
Rating: 50/100 the technicals are good but I don't really like companies that aren't profitable however with their strong growth they should be able to become profitable but this is why it got 50/100.
NOTE: I might be buying some shares at the market open depending on market conditions.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
AFRM big picture It is based on what we now know. it might be different from what we can now tomorrow! but we can predict based on the past!
AFRM holding support, looking for a reversal.AFRM has not made a new all-time low since the big drop. There was also pretty low volume on the pullback which is good. The Chaikin and MACD are recovering nicely as well. I'm a fan of this company so I'll look for some longer-term expiry plays and/or shares.
AFRM bullStrong divergence. Money flow increasing w/price action divergence. Near anti credit card launch
$AFRM$AFRM HAS PULLED BACK WITH THE MARKET. LOOKING TO RETEST IPO LEVEL AND MAYBE BOUNCE AS A QUASI DOUBLE BOTTOM.
SO FAR NO SIGNS OF A REVERSAL OR EVEN CONSOLIDATION.
STILL BEARISH ON THIS STOCK AND DONT THINK THAT BOTTOM HAS BEEN ESTABLISHED YET SHOULD THE STOCK FALL THROUGH ITS IPO PRICE.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
APT Earnings will act as cataclyst - LONGWe should see 114 in the upcoming days after APT earnings release.
AFRM rebounceBuy signal when the wick will match the previous all time low. I might be wrong, because judging by the fundamentals the company is quite highly valued even for the predicted price.
New target of 174 we have filled gaps and retraced the most recent wave by more than 88 percent if such wave is the bottom then we can expect a new upward trend from here with the potential of taking us to 170s or greater
Long AFRMPotential break up the ABCDE triangle. The new quarter financial result will is important.
100% yoy revenue growth + new IPO + a potential disruptor to VISA/MA, worth a try.
AFRM squeezeAFRM is squeezing on the hourly chart. Break of channel we should see a push to 114-115.
short term rise to 122 to begin a continuous upward directionTarget price of 350-400 in 24 to 30 months
Weekly swing play : 97.60 - 114 - 16%AFRM is in consolidation mode, but I see a nice opportunity to play ping-pong. Buy at 98, sell at 114.
AFRM Affirm to put on your radarOne segment of the fintech market is particularly interesting right now: Buy now, pay later (BNPL) firms represent a new era of retail and recent IPO Affirm stands out in that category. Essentially, BNPL companies are the next generation of payment installment solutions.
Current Affirm partners include Shopify (NYSE:SHOP), Peloton (NASDAQ:PTON) and Walmart (NYSE:WMT). According to CEO Max Levchin, a former PayPal executive, demand for its solutions quadrupled in the first months of the pandemic. (investorplace.com)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Confirm you want to long Affirm ?Read more here
I am keen on this company especially the business model of buy now , pay later. In essence, it is giving the retailers a chance to enjoy the use of the products before full payment. This will unconsciously allow the retailers to think they can afford it and thus ends up buying more stuff.
In Singapore, this is a common practice especially for home appliances items like washing machines, refrigerator, TVs, etc. You spent like 5000 SGD and they allow you 36 months to pay by instalments without interest. So, it is a win win for all.
