AFFIRM HOLDINGS, INC - BULLISH SCENARIOIt seems like the local resistance of $ 32 is not going to stop Affirm Holdings and the breakout is inevitable. The next resistance may be reached before the next earnings report on the 25th of August.
A successful breakout will push the price to the $47-$50 resistance level.
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AFRM trade ideas
AFRM bottom near?Price broke out of trendline, and rejected at 50 EMA (blue line)
Note how it hasnt been able to break above it since December. Price is at it again, the difference now it that the EMAs are compressing. That could indicate a bottom.
I want to see a daily candle closing above the 50 EMA then we can try to ride this from the bottom.
24.62 has been resistance for almost a month so i am interested to see what price does if it tries to break above it
AFRM - LongAffirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.
Illustrated is technical analysis. Comment your idea below.
AFFIRM HOLDINGS, INC - BULLISH SCENARIOAffirm Shares Surge on Q3 Beat.
Affirm Holdings Inc shares surged 29% after-hours following the company’s Q3 results, with EPS of -$0.19 coming in better than the consensus estimate of -$0.53.
Revenue grew to $354.8 million, compared to the consensus of $344.03 million
In addition, the company announced an extender partnership with Shopify.
We have 3 major resistance levels ahead
1st resistance is located at $ 50
2nd at $ 68
3rd at $ 84.
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Will We "Affirm" A New Direction This WeekWill We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week?
I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock.
Bullish divergence on the daily chart.
AFRM is in the buy zone.
AFRM is in a range on the daily chart.
Outcome Expected- Break from range through the upper channel
*Identified risks-
-It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA.
-AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside
-AFRM has earnings on May 12, 2022.
I look forward to watching what happens with AFRM over the next few days.