AFRM set up for a RIP upwards per bullish wedgeWas curious and saw a nice bullish wedge pattern. Totally oversold, and was at almost 2x the price a month or so ago
AFRM trade ideas
MY MINIMALIST CHART ANALYSIS AFFIRM HOLDINGS INC.$AFRM
12.17.21
1351H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
LOOKING FOR BEST ENTRY
We are now looking at a NEW ENTRY POINT in which the market has contracted significantly.
VITAL SIGNS: RSI, STOCH, and VOLUME are all looking good.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
Happy Trading Everyone!
INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time, depending on the dynamics of the market.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Vive Le Diamond Hands!
$AFRM - I'm not sure butI want to buy this stock but will wait for a lower price level. Also concerned as to the catalyst that could push it lower (i.e., lower price due to: broader market weakness, or company specific news, or credit concerns for BNPL?)
$AFRM starting analysis...Now that BNPL (Buy Now Pay Later) is souring, higher defaults, target demo less likely to be able to pay back, that puts the entire business model of Affirm at risk. Not to mention that there is almost nothing proprietary about the theory of buy now pay later (credit cards). So If we wanted to take a flier that this company is overvalued by several billion, I could get there. Going to watch post FOMC and see if there is a long term put lotto that I could hop on and ride for a month.
AFRM$AFRM bounced nice today off trendline support followed by feb 2022 110$ & 120$ call sweeps. Looks interesting if market turns bullish.
AFRM TECHNICAL ANALYSISafrm is in an overall downtrend at the moment.
huge gap on the daily chart.
feel free to give and/or suggest advice on anything.
Inverted Cup and HandleLast few days were a short covering rally. We now have a high probability of resuming the downtrend. Inverted cup and handle. Also, rejected off the bearish top of the flag line. Short term (Dec 17 option expiration) price target $100. Longer term, if we enter an overall bear market, then target the bottom of the gap about $73.77
Affirm DowntrendAffirm starting a pattern of lower lows and lower highs. Was able to draw a nice downtrending channel on it. Short the resistance. Target is about 110.
AFRM breaking outI have been watching this for a while now,
It seems that the break is about to happen,
I want to see a 1 hr candle closing above $124 before taking an entry.
Target at ATH
$AFRM - a likely case of gap fills?AFRM left behind 2 gaps. One at around $91 and the other around $69. It could close both of those gaps or at least close one.
We will see.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$AFRM update s/d zonesWhat’s good traders!
-Buyers stepped in today.
-AFFRM currently sitting in demand and needs to get above the 20d moving avg.
-if strong buyers show up, we can eat through the supply zones above.
Thanks for stopping by!
-DP
AFRM Falling wedge setupWhats good traders!
Lets take a look at AFRM.
Christmas is around the corner and thousands of people are probably shopping online for expensive gifts. Some are probably using AFRM to purchase these gifts... Anyways,
- I see a falling wedge on the 30min timeframe.
-Price is back below the 20 moving average.
-We are currently sitting at the above the 30min and the weekly demand zones.
-If we dip into demand, we need strong buyers to show up along with strong volume confirmation for a reversal to the upside.
Let me know what you think in the comments!
Thank you for stopping by!
-DP
AFRM bearishIn the future, maybe have a Cup and handle pattern. But not now!
Price $132.20 (11.29.2021)
Target $100.89 (down 23%)
IMO
AFRMAffrim has massive potential if we can get above 139.5 lvl
This one should have some momentum behind it and algo shows that there is money flowed into this stock.
208 remains the target to the upside love this one as it holds 123.
s/t target is 153-163.
AFRM looking goodI am playing the same Fib retracement & EMA cloud setup on all my picks this week. Trying out a new strategy.
AFRM retraced to the .618 and reacted beautifully. Double bottom at the .618 plus the wick on Friday's candle shows it is a valid level of support. This area has been prior resistance turned to support so that gives me additional reason to believe we will get a bounce. Blue EMA cloud is also acting as support at that level. If the .618 is breached and a candle on the 1HR closes below it I will exit the trade. Looking to ride this back to $150 be the end of the week.
$AFRM SUPPLY AND DEMAND ZONESWhat’s up everyone!
Let’s take a look at $AFRM.
-11/10/21 AFRM reported bad earnings and price dropped down the 4hr demand and bounced up.
-Price is currently trading below the 20 day moving average which is bearish.
- I see a head and shoulders pattern forming on the 4hr timeframe.
-If we break below the 4hr demand zone, $131.68 we can target the next demand zone below which is $123.38.
Let me know what your thoughts are in the comments!
Thank you for stopping by!
DP
Affirm developing a 4thAfter what I think was an extended iii wave seems that price is correcting that could take us to the 23.80% Fib or 38.2% Fib retracement where we could see a bounce back to the upside looking for a v . If that happens we would have a 1 followed by a 2 that could retreat 61.8% Fib of 1 . If entering a trade at the end of iv I would set the take profit at the 38.2% Fib Ext. or 61.8 Fib Ext. , I would not risk to go beyond as the 2 wave will come sooner than later and tends to be a big retracement in price.
$AFRM Consolidating at a tough range.$AFRM consolidating on range between $144 to $149 tried to break but failed. falling EMA clouds are curving now it is crucial moment to hold this level and retest to break $150 level to create a reversal upside trend. if failed to hold this level will see down Fall $134.
AFRM update Daily timeframeupdated count with possible invaildation in minor 3 over 423.6% of minor 1.
Affirm ShortAMAZON deal has been clouded for a terrible earnings. Inflations rising, this news would’ve been great when everyone was receiving hand outs. We should see a 133 drop, if there’s support then it’ll bounce if not then sub 100s. Amazon news just making this bleed out slowly.
Affirm IPO buyers had made double, what about you ?Fret not, if you have not participated in the IPO shares of AFRM, here's your chance again though the price may be higher.......
Note there is a gap up yesterday after it released its good results,read article here
