$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?
AFRM trade ideas
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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Peleton dragged Afrm down for great trade!Buying into this at $64 is going to be a great trade. Sell zone in purple for a hopeful double in price over the next few months. Option prices are a little high so buying the actual stock isn't a bad trade.
I have 3 fib showing 48.94 line on AFRMso I used Fib extension tools, 3 of them, all have 48.94 line showing, I guess that means something.
AFRM violent bounce off supportAFRM has dropped 61% in 47 trading days, absolute capitulation but this is a gift from the trading gods if you are looking to start a position. Earnings coming on Feb 10th are probably going to blow expectations out of the water. Either way I expect this to creep back towards the $88-$90 range before earnings. Calendar call spread, Long leg 2/18 $85 calls for 3.48 a contract, short leg $85 call 1/28 for a credit of 0.85 call 1/28.
AFRM | day trade This is one of a few day trades I took earlier in the week. Was having issues posting trades from the 1minute charts , but now I have it figured it out so stay tuned! More details on this trade will be posted below
AFRM possible reversalWhat’s bullish:
- Filled the gap
- Bullish divergence
- Bounced off strong resistance line transforming into support line
- Bounced off strong support line since May
- Earnings approaching
What’s bearish:
- Still under 50ema
- Overall sentiment for Fintech is bearish at the moment
Me:
Hello started with stocks 1 year ago. After analyzing many charts I have accumulate more experience than a newb now I’m a newb+. Feel free to give me feedback
$afrm$afrm probable support found. Should be interesting to see how this plays out. Predicting downward channel breakout here
AFRM long, Gap filled Gap bottom bounce and good area to go long with 1/6 days low as SL .. TG1 $100
Affirm ~ AFRMCan see afrm possbily getting a push towards 88 R
above 84 , 88 follows . 95 - 104 resistance lvls follow above, likely these are just dead cat bounces and this will continue to fall.
AFRM longNOT A BUYING SUGGESTION or anything
this is just my personal analysis.
notes
- currently at a strong support area @74-79
- last candle stick in daily: doji candlestick
-> indicates that the market is likely to reverse
- 06' january candlestick has a long lower shadow
AFRMAFRM appears to be breaking out, there was a lot of bullish flow on Monday for May calls. I like calls > 108 resistance - first target is 113, from there it can test 128, 140. SL at breakdown of 102/100 support.
Target level for AffirmOn August 2, 2021, I published my first analysis about NASDAQ:AFRM when it was 64.71:
Now it is on the WSB's list (rank 9 in today top mentioned)
I believe this business model "Buy now Pay Later" could be expanding very fast in the future.
A successful Australian Model "Afterpay" shows huge potential in this field.
Affirm could reach a new all-time high and surpass the previous one..!
and the gap in the chart may not fill in the near future..!
$AFRM is a bad investmentThis company seeks to profit off of short term loans the delinquency rates on these loans are rising and therefore they are likely to loose there profits they have failed to meet earnings and i doubt they will in surpass earnings expectations in the near future my price targets are 70-65 i wouldn't suggest anyone take this trade though technicals alone suggest $AFRM is oversold(daily) and at trend base however i am not sure if those trends matter as they where formed pre august 2021 when volume initially picked up so they will likely break easily
TLDR this is a bad company
AFRM Bullish PatternAffirm formed a bullish Shark Pattern.
If breaks below $60 it might test $35 before rebounce.
Indicators are still weak and needs to show signs of recovery.
$AFRM Filling gap down for reversalI strongly believe tech growth stocks will bounce back in Q1 of 2022. Affirm is currently filling a gap down and will look to accumulate in the $79-$72 range for a reversal
AFRM: Time to Buy? Watching $75 and $82 area to see if these are potential buy areas for AFRM moving forward.
