AFRM Can it continue the move after earnings ?
AFRM jumped about 27% from a decent earnings beat on Thursday August 24th.
It is now sitting in the tip of a bullish pennant pattern and at the POC line of the
volume profile. The dual time frame RS indicator suggests strength is above 50
after the close of the week fade. The MACD lines crossing and above the horizontal
.
zero suggests this is simply a rest in bullish momentum Price is above then mean VWAP
and tracking one standard deviation above it. My trade plan is long or short depending
on how price moves off the POC line. I have drawn entry levels for a market or buy stop
order. The stop loss would be the opposite blue line. Targets start out at 19.5 and upside from
there.
It is now sitting in the tip of a bullish pennant pattern and at the POC line of the
volume profile. The dual time frame RS indicator suggests strength is above 50
after the close of the week fade. The MACD lines crossing and above the horizontal
.
zero suggests this is simply a rest in bullish momentum Price is above then mean VWAP
and tracking one standard deviation above it. My trade plan is long or short depending
on how price moves off the POC line. I have drawn entry levels for a market or buy stop
order. The stop loss would be the opposite blue line. Targets start out at 19.5 and upside from
there.
Comment:
A 15-minute time frame view of the chart
