AFRM trade ideas
AFRM High volume and gap zonesAFRM has some nice volume going into Tuesday. It also has two nice gap zones above and below. Look for the zones too be broke.
$AFRM offering up option playsAffirm Holdings $AFRM was up 34% on better than expected earnings and guidance.. the AFRM options market is lively with a steep volatility smile.. depending on your view there’s a number of plays here.. ATM straddle as IV’s there are well below historical volatility.. or bullish call or put spread to sell some rich OTM calls or puts.. after big earnings surprises and moves it can takes the options market a few days to figure out new volatility and therein lies the opportunity..
Bearish Divergence Between the 786 and 886 RetraceI think that we should look for a bearish reversal between the 78.6% and 88.6% Retracement and that we will fill 1 or 2 of the gaps below.
AFRMAFRM recapture upside with multiple PT raises EOW and positive nod of its credit underwriting system in the space. Clean channel since AMZN partnership. Fun one if you have been building since then. I'm expecting more participants with buying action at these levels// ATR: 6.19, Beta: 1.623
Affirm price targetsFibonacci levels for where the stock could go— the 1.618 level looks interesting given that that is where the all time high is and would encounter the most resistance
AFRMLots of clustering at 124-125, if we get there- possible overextension lines here for myself to remember, along with retracements
AFRM UpdatedAFRM is crushing every single target.
If you got back in - congrats.
This still looks like a no brainer long term hold as Amazon is taking over the world.
AFRM , LONGA buddy with more of a buy the dip strategy mentioned this one to me and how he missed it , its actually a bit earlier than I would like to get in but I believe in buying gaps sometimes . So gave it a go it a go .
Looking for a gap fill on AFRMFriday, saw signs of weakness in the technicals, if it manages to break the $90 mark, could hit $80 quick
gapfill at $74 target if the there's any bad news regarding amzn partnership
However, if it breaks $100 again, we could see the surge continue
Amazon Partners With AffirmAffirm Holdings has announced that its buy-now-pay-later offerings are coming to Amazon.com so this should see some upside potential for the stock.
Worth a watch.
AFRM UpdateAffirm - sold and closed out of it today hoping for a gap fill of some sort so I can re-buy. Average cost was $64 on AFRM.
I bought because big time traders were pissing all over it on Twitter but since they dont visit consumer sites - they didn't see it. I saw Affirm logo on many many e-commerce stores and Amazon's big stamp of approval just showed that Affirm is the winner.
I will be honest, I have been very nervous about it from day one but not once thought of selling, instead added on the dip. In fact, I am even questioning why I decided to sell today. Anyways, will rebuy lower if Powell lets me. Neutral at the moment to see what price actions tells me next.
$AFRM - Pennant in hourly, another leg up ?$AFRM - Pennant in hourly, watch for another leg up or down depends on trend line breakout
AFFIRM - Lets find your support 👍-Great potential with the recent Amazon partnership
-Overvalue by 436%
-Honestly, don't think it will get to anything close to its fair value any soon but lets at least try to find a good support first, deal, affirm?
-Currently keeping the target at $84
8/30 AFRM(1) Congrats if you followed AFRM play from my chart, Friday after hour price went to 90+
(2) 90 can be either support or resistance, should wait on Monday
(3) My mid-term price target is 80-90, since it was reached on Friday, I would trim some. however, long-term bullish on AFRM
$AFRM Gann Tooling Here I take recent news to SP movement to provide accuracy of the Gann Square and S Line. Not in this stock just highlighting the tool usage and it’s abilities to predict price movement.
AFRM breakoutAFRM setup to make a run to $75-80 range. Not much resistance above the red box. Might get one more rejection from resistance before breaking out.
Affirm - Ponzi Pump - Blowoff Top After Double TopPonzi Pogs collapse. With RENT coming due for the nation, the DOLLAR HUNTERS will be out en masse. Only #thegems provide exponential returns now. QUALITY after Covid. Find them and you've beat Mr. Market. Congrats. *valuation matters in rising rates environment. Forward P/Es will get smacked. Profits and Growth today matter most. Hold for Broke, Poggers
#defi disaster
Go Brave Browser!!! $BAT.X.
Digi Dollar wins.
$AFRM | Bullish Inverse Head and Shoulders$AFRM has completed a bullish inverse head and shoulders pattern. Watch for a break above 71 as initial confirmation.
Targets on chart
AFRM - 4H forming a inverse H & S pattern - $$ AFRM run up to earning date forming a inverse H & S pattern.
AFRM - Pay later service sustainable?After Apples announcement with Goldman Sachs to offer their own pay later service, AfterPay and Affirm dropped significantly. My initial reaction was that the market was over reacting but then I realized that Apple can be starting a new trend. All companies can soon offer pay later services. Affirm will need to start offering other services for the masses in order to be a high growth company otherwise things could get ugly.
My View on AFRMBe ready for the breakout.
Stop loss below 59.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.--------------------------------------------
