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Affirm Holdings, Inc.Affirm Holdings, Inc.Affirm Holdings, Inc.

Affirm Holdings, Inc.

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AFRM trade ideas

Bullish Penant Breakout possibilities 62-65A bullish pennant has formed after a strong upward move (flagpole), indicating a period of consolidation. This is a continuation pattern, typically followed by another leg upward equal to the flagpole's height. The breakout is likely to happen this week, given that the pennant is near its apex. RSI and other momentum indicators show strength but are not yet overbought, giving room for further upside. Breakout Confirmation: Enter a long position when the price closes above $56.50 on high volume (breakout level). Alternatively, aggressive traders can scale into a position slightly before the breakout if momentum indicators show bullish strength. Profit Target Calculation: Flagpole Height: $50.50 (low of the previous move) to $56.50 (high) = $6.00. Breakout Target: Add the flagpole height ($6.00) to the breakout level ($56.50): Primary Target: $62.50 If momentum remains strong, extend to $65.00 as a stretch target. Stop-Loss Placement: Place a stop-loss slightly below the pennant's lower support level at $54.50, allowing for minor fluctuations. Risk-Reward Ratio: Aim for a 1:3 or higher ratio by maintaining a tight stop relative to your profit target. The breakout is expected within the next few trading sessions as the price action nears the pennant's apex. Volume should confirm the breakout (look for 2x average daily volume). Trade Management: Partial Take-Profit: Sell 50% of the position at $60.00 to lock in profits. Adjust stop-loss to breakeven on the remaining position. Trail Stop: Use a trailing stop-loss as the price approaches $62.50–$65.00 to maximize gains while protecting profits. If the price breaks below $54.50, it invalidates the pennant pattern and may indicate a reversal. I have taken an aggressive position targeting NASDAQ:AFRM 11/29/24 65C @.77 contracts. I will update as I close the position profit or loss.
NASDAQ:AFRMLong
by EssieQuantumTrader
AFRM Breaks Out: Tracking an 83% Upside to $95Affirm Holdings, Inc. ( NASDAQ:AFRM ) is showing some serious upside potential as it targets a classic Cup & Handle breakout. With a current price hovering around $55, the setup suggests a potential 83% move up towards the $95 target, as marked by the white arrow. Key Levels & Technicals: Primary Support: Solid support zone sits at $51.49, offering a sturdy base for any pullbacks. Trend Line: The trend line, acting as a rising support, signals strong buying pressure pushing this stock upwards. Volume Profile: Increased volume around this breakout zone adds credibility to the bullish setup. Indicators: Momentum indicators remain in the buyer's favor, reflecting sustained interest in this uptrend. The bullish momentum is strong here, and as long as it respects the trend line, we could see a clear path toward the $95 target. This is one to keep on your watchlist—if the momentum holds, AFRM could hit that target sooner rather than later.
NASDAQ:AFRMLong
by GarryBlack
AFRM LONGIf Trump’s policies come back into play, it could be a big win for Affirm . Think lower corporate taxes, less red tape for businesses, lower interest rates, all of which would give Affirm a boost. With more people likely to borrow at lower rates and spend more, Affirm could see more transactions on its platform, driving growth. Plus, less regulation means Affirm can expand faster and focus on what it does best. If the economy heats up and consumer spending picks up, AFRM could definitely benefit. After Break 132 Target. ATH achievable.
NASDAQ:AFRMLong
by SPYDERMARKET
AFFIRM HOLDINGS (AFRM) Short Trade Setup and AnalysisAFFIRM HOLDINGS (AFRM) on the 15-minute timeframe: Trade Summary Position: Short Trade Entry: $46.84 Stop Loss: $48.47 Take Profit Targets: TP1: $44.84 (Hit) TP2: $41.59 (Hit) TP3: $38.34 (Pending) TP4: $36.33 (Pending) Technical Analysis The price action for AFRM has shown a steady downtrend in alignment with the bearish market sentiment. The position was initiated near the entry point of $46.84, with the Risological dotted trendline indicating a continuous bearish pressure, thus validating the short entry. With TP1 and TP2 already achieved, the price is moving in line with the projected downtrend. The decreasing volume and proximity to the trailing targets suggest that there is further room for downside potential, aiming towards TP3 and TP4. Market Insights Volume: 5.59M (below the 30-day average of 9.08M), indicating moderate sell-off interest. Key Levels: Day’s Range: $40.63 - $42.47, which reflects a steady decline. 52-Week Range: $16.50 - $52.48, showing that the stock is approaching the lower side of its yearly range. Upcoming Earnings: In 12 days, which could further influence AFRM’s trend based on market expectations. This technical setup aligns with the broader market indicators and the prevailing bearish momentum in AFRM. Further downside potential remains viable as the trend continues.
NASDAQ:AFRMShort
by ProfitsNinja
Affirm Holdings Falls! TP1 Hit in Short Trade, Bearish MomentumTechnical Analysis: Affirm Holdings – 15-Minute Timeframe (Short Trade) Affirm Holdings showed a bearish signal, prompting a short trade entry at 46.84. The price has already reached Take Profit 1 (TP1) at 44.84, confirming the strength of the bearish move. Key Levels Entry: 46.84 – The short trade was initiated after identifying bearish momentum. Stop-Loss (SL): 48.47 – Positioned above resistance to manage risk and protect against upside reversals. Take Profit 1 (TP1): 44.84 – Already achieved, confirming the effectiveness of the trade setup. Take Profit 2 (TP2): 41.59 – The next target if the bearish trend continues. Take Profit 3 (TP3): 38.34 – A further downside target should selling pressure remain strong. Take Profit 4 (TP4): 36.33 – The ultimate target, marking a significant bearish move. Trend Analysis The price is trading below the Risological Dotted trendline, which confirms a solid downtrend. With TP1 already met, the continued bearish momentum suggests further downside potential. The short trade on Affirm Holdings has started well, with TP1 already hit at 44.84. The next targets are within reach if the selling pressure continues, making this trade setup promising for further gains.
NASDAQ:AFRMShort
by ProfitsNinja
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