78P trade ideas
AFFIRM CUP and HANDLE formation, buy with both HandsHello Traders,
this is my first contribution, hope you'll like it.
First to some basic information:
Affirm is already the US Leader in the so called BNPL (Buy Now, Pay Later) market space.
It is growing at an exceptional high pace thanks to it's experienced CEO Max Levchin (Co-Founder of Pay-Pal). It is highly innovative and pro consumer oriented, which is a good strategy, as it does not take transaction fees, reason why Shopify entered into an exclusive partnership with Affirm. Despite some fierce competition in this space Affirm has been able to sustain its high growth rates translating this into nice Revenue increases and most probably will continue to be able in doing so due to its great leadership and market position.
Now to the technicals:
The 1h CandleStick Chart shows a very clear CUP and Handle Formation, which is a very bullish sign.
Also the last relevant resistance to be overcome at around $65,50 is gone right now and therefore this is a very good moment to buy some shares if you consider a 3 to 6 month time range. First goal would be retest the $100 and if it is able to overcome this range it could easily retest its previous ATH at around $140.
AFRM - Another 2020 IPO flop?After significant pullback, AFM projects good revenue from travel and entertainment. Starting an exploratory position. Good luck!
Affirm nearest algorithmic target is 98 .5 fib retracement leads to an almost even 100 and that is only half of the move
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.
