Bearish Divergence Between the 786 and 886 RetraceI think that we should look for a bearish reversal between the 78.6% and 88.6% Retracement and that we will fill 1 or 2 of the gaps below.
78P trade ideas
AFRMAFRM recapture upside with multiple PT raises EOW and positive nod of its credit underwriting system in the space. Clean channel since AMZN partnership. Fun one if you have been building since then. I'm expecting more participants with buying action at these levels// ATR: 6.19, Beta: 1.623
Affirm price targetsFibonacci levels for where the stock could go— the 1.618 level looks interesting given that that is where the all time high is and would encounter the most resistance
AFRMLots of clustering at 124-125, if we get there- possible overextension lines here for myself to remember, along with retracements
AFRM UpdatedAFRM is crushing every single target.
If you got back in - congrats.
This still looks like a no brainer long term hold as Amazon is taking over the world.
AFRM , LONGA buddy with more of a buy the dip strategy mentioned this one to me and how he missed it , its actually a bit earlier than I would like to get in but I believe in buying gaps sometimes . So gave it a go it a go .
Looking for a gap fill on AFRMFriday, saw signs of weakness in the technicals, if it manages to break the $90 mark, could hit $80 quick
gapfill at $74 target if the there's any bad news regarding amzn partnership
However, if it breaks $100 again, we could see the surge continue
Amazon Partners With AffirmAffirm Holdings has announced that its buy-now-pay-later offerings are coming to Amazon.com so this should see some upside potential for the stock.
Worth a watch.
AFRM UpdateAffirm - sold and closed out of it today hoping for a gap fill of some sort so I can re-buy. Average cost was $64 on AFRM.
I bought because big time traders were pissing all over it on Twitter but since they dont visit consumer sites - they didn't see it. I saw Affirm logo on many many e-commerce stores and Amazon's big stamp of approval just showed that Affirm is the winner.
I will be honest, I have been very nervous about it from day one but not once thought of selling, instead added on the dip. In fact, I am even questioning why I decided to sell today. Anyways, will rebuy lower if Powell lets me. Neutral at the moment to see what price actions tells me next.
$AFRM - Pennant in hourly, another leg up ?$AFRM - Pennant in hourly, watch for another leg up or down depends on trend line breakout
AFFIRM - Lets find your support 👍-Great potential with the recent Amazon partnership
-Overvalue by 436%
-Honestly, don't think it will get to anything close to its fair value any soon but lets at least try to find a good support first, deal, affirm?
-Currently keeping the target at $84
8/30 AFRM(1) Congrats if you followed AFRM play from my chart, Friday after hour price went to 90+
(2) 90 can be either support or resistance, should wait on Monday
(3) My mid-term price target is 80-90, since it was reached on Friday, I would trim some. however, long-term bullish on AFRM
$AFRM Gann Tooling Here I take recent news to SP movement to provide accuracy of the Gann Square and S Line. Not in this stock just highlighting the tool usage and it’s abilities to predict price movement.
AFRM breakoutAFRM setup to make a run to $75-80 range. Not much resistance above the red box. Might get one more rejection from resistance before breaking out.
Affirm - Ponzi Pump - Blowoff Top After Double TopPonzi Pogs collapse. With RENT coming due for the nation, the DOLLAR HUNTERS will be out en masse. Only #thegems provide exponential returns now. QUALITY after Covid. Find them and you've beat Mr. Market. Congrats. *valuation matters in rising rates environment. Forward P/Es will get smacked. Profits and Growth today matter most. Hold for Broke, Poggers
#defi disaster
Go Brave Browser!!! $BAT.X.
Digi Dollar wins.
$AFRM | Bullish Inverse Head and Shoulders$AFRM has completed a bullish inverse head and shoulders pattern. Watch for a break above 71 as initial confirmation.
Targets on chart
AFRM - 4H forming a inverse H & S pattern - $$ AFRM run up to earning date forming a inverse H & S pattern.
AFRM - Pay later service sustainable?After Apples announcement with Goldman Sachs to offer their own pay later service, AfterPay and Affirm dropped significantly. My initial reaction was that the market was over reacting but then I realized that Apple can be starting a new trend. All companies can soon offer pay later services. Affirm will need to start offering other services for the masses in order to be a high growth company otherwise things could get ugly.
My View on AFRMBe ready for the breakout.
Stop loss below 59.
-----------------------------------------------
This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.--------------------------------------------
AFRM, LONGViolation of LTB followed by lateral fund accumulation called for attention to this operation
Candle closing above the resistance formed at the 58.00 line increases the probability that the candles will follow towards the first target.
If this occurs, the loss line must be repositioned in the buy position so that the risk of losses in the operation is reduced to zero.
good trades
AFFIRM - 1st Review: on track to reach 1st TargetHello Traders and Investors,
two weeks ago I recommended to go long on AFFIRM based on good fundamentals, but more important
due to a very bullish pattern (Cup & Handle).
And, so far, Affirm has been performing quite well (although not comparable to my likewise recommendation
on The Trade Desk). Nevertheless if market conditions continue favourable AFRM should soon overcome the
1st Target (yellow line) in the Daily Chart around $70,70 and then already go after the 2nd Target around $80.
Here I would then expect some consolidation before going after the 3rd Target around $90.
On the other hand it is important that AFRM does not lose its support at around $60,78 (green line)
as this represents a pivotal turning point and this would most probably trigger a new leg down.
Hope you like this short analysis, and if you want to post a comment sharing your personal view about
Affirm you are welcome to do so.
AFRM Long - Affirm Holdings, Inc. - The Triple Affirmed PlayAFRM Long - Affirm Holdings, Inc. - The Triple Affirmed Play (Flow, Dark pool, and Capital Inflows into Tech)
This long biased thesis is based on the following factors:
An aggressive series of short term bullish call option flow totaling $413.5k with a strike price of $70 coming in within the last 20mins of the day (July 1st) that exceeded Open Interest.
Approximately $20M in dark pool activity placed at key levels mid day. Although we do not know the nature of this we were able to see it act as respected levels through out the day and are currently trading above these levels. Also one of the dark pool prints came in at a respected fib level, further showing consistency with price action. Continued upside price action will further increased the probability that these trades were a buy.
Price action has been consolidating for around two months and is primed for a move, making the timing of the the options flow orders and dark pool activity that much more relevant to an upward move.
Bank of America Flow Show report released today (July 1st) showed an inflow of $1.1bn into the tech sector.
Bank of America comments came out with AFRM as a high conviction short-term recommendation.
Possible Threats:
The $212.62 fib defined level may show support where price action may struggle or bounce from.
Price has been rallying for the last two months and a half and a double top pattern had formed mid June, but continued price action may have already shown the pattern to have met its price potential.
Short term tactical sentiment for the tech sector is coming to an overheated area and a bearish downtrend may soon show up to push tech stocks, in general, downward.
That nature of the large dark pool trades are unknown and can only be inferred.
The July 1st dark pool levels are being used to define the following trade parameters:
Short Entry: price levels above, but in close proximity of the $68.27 (dark pool print)
Stop Loss: The invalidation of the ascending channel support line (conservative) or the break of lower dark pool level of $67.75 (aggressive)
Possible Targets:
$72.81 (currently) - Anchored VWAP (from all time high)
$79.30 - A support / resistance level that has been respected by prior price action
$85 - A fib level that may coincide with a ascending channel resistance line
$96.80 - The 50% retracement fib level from all time highs to all time lows
Other targets can be based on the fib levels show in the chart or by drawing support lines
This thesis/idea is just my opinion based on the information discussed within. None of it should be looked as a recommendation or as financial advice.
AFRM Daily Chart
