78P trade ideas
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)
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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.
$AFRM is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Affirm is a company offers a “Buy Now, Pay Later” service as an alternative to traditional credit cards.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $93,00;
stop-loss — $88,00;
take-profit — $108,00.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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