Swing ideaBroken our of falling wedge and testimg the line for support.
Price just below 50 sma and will need to break to be bullish.
Still on low volume i would wait for confirmation.
Pt are 54,69,75.
Use stop loss ~39-41
DYOR.
78P trade ideas
Affirm We did pull back heavily but to me it’s a backtest and ready to pull back up. Could finally be reversing
AFRM might have a very strong rally under the conditions of the correct markets and with the fact that the markets priced-in the FED's correct trajectory and as several technical indicators are showing on the NDX and the SPX this might take place very soon..
** this is not financial advice, just my humble opinion **
Affirm Pretty extende Howver I took a trade at 43.17. Stop below 43.15 moving to breakeven now. We broke key resiatnce which means we could rally hard. Although a bit extended on 1 hour watching 43.50 support to hold and 44.60 as next resistance. If we break that we have a clear rip to previous support in the 60s
AFRM has probably made major bottomAFRM is forming a final ending diagonal and we can expect the downtrend to end in the $26 range. Once the price breaks above the top of the diagonal, we can expect a new uptrend to begin.
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AFRM - Rolling over againLosing 9 EMA, albeit volume is low, but that can add to the fuel to fire. unless it claims 42 or some news acts a catalyst, could test low again in coming days.
Disclosure: despite my good judgment, I am stuck in this. Maybe I will cut it lose for loss if price acts weak next couple of days.
Affirm double botom on a 15 min. Retested neckline as support. Of course ts down in the gutters but I’m long 36.79. I’m takin a few longs here as they are risky but trying to play off double bottoms stops below low Good luck just throwing out my idea and plays. Do with what you will. Small swing ideas
shorts are eating good here 👀afrm broke all time low support and still being held by trend resistance, no reasons to go long here just yet. If it can break back above previous all time low it might rally, but we most likely head to low 30-20s now. price discovery time!
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AFFIRM HOLDINGS, INC - BEARISH SCENARIOThe earnings report was released last Thursday by Affirm Holdings.
The company`s revenue rose more than 70 % year over year to $361 million beating estimates by $28 million, but its net loss widened to $0.57 per share, which missed expectations by $0.20.
New sales were triggered and retest of $ 47 support level.
Successful breakout will send the price back into the price channel.
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AFRM looks to be finally bottoming outNice double bottom formed on the hourly, had a retest after breakout. Expecting a push to 71 short term.
$AFRM STAGE ONE We are back at swing potential for Affirm, I will be watching this in for additional support testing
AFRM massive breakMassive descending channel breakout today.
The key will be tomorrow. If we trade higher than today, there is a change we start moving higher.
CPI data tomorrow, so that can be a catalyst.
Earnings watch 2/10 post-marketEarnings watch 2/10 post-market:
AFRM
Z
TWTR
NET
ACB
EXPE
UPWK
DXCM
HUBS
ELY
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*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
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Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Reading books, playing chess
Sorted watch-list
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pi RSI - trend momentum
TTC - trend channel
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tickerTracker - MFI Oscillator
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AFRM - Battle of flagsBroke downtrend and rallied hard on news from the lows and got pulled back from the supply, just to come right back today. Constructive volume suggests bullish continuation is likely.
Anything above 51, should be good spot to go long.
As a side note, AFRM in my opinion is pulling in new partners in retail at incredible pace. Even if their bottomline numbers are below target, I expect them to blow away with new clients.
AFRM - Looking like another bearflagPrice action over next couple of days would decide if this is another bearflag or reversal.
Trend favors bears...double bottom at 48 would put this in an interesting spot.
If it stays above 56, bull case becomes strong.
I am bullish on this long term, but need to base before I can jump in.
back to support if it doesn't breakout here!🚨afrm hit every target I mentioned in my prevous analysis! now its make it or break it time.. If we break above trend resistance look for a rally to 71.63-84.81, if we see a rejection (which seems like the logical outcome in my opinion) then look for a dump back to 46.28
afrm calls am long afrm calls . price bounced off a double bottom and seems to be holding above 61 swing level
AFRM: Time to Buy? AFRM is another name that is in a basing faze as it tries to find its footing in this new world of interest rate hikes and yields rising.
Not a huge fan of their fundamentals, but may take a stab around the $50 mark if we get around that area for a swing back to $71. Possible it gets to $90 by august, $110 tops.
$AFRM Bounce back or Big fall to 20s?Keeping an eye on this one.
This might surprise us again and go back to its ATH, if the market settles down and bounces back.
What're your thoughts?
nice risk reward here, can have a nice bounce 🔥afrm sitting right above its all time low area creating a higher low, also at trend support.
This is what I call a cluster support, chances area we see a small bounce to the 60-63 trend resistance area and then a possible pullback from there. If it breaks I will update the chart :)
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