we have filled gaps and retraced the most recent wave by more than 88 percent if such wave is the bottom then we can expect a new upward trend from here with the potential of taking us to 170s or greater
Unfortunately this analysis was quite literally the exact opposite of what happened. I'm seriously starting to wonder if this stock is a dog. I'm a big believer in the company, but after two weeks of solid trading it crapped the bed in an enormous way.
chefdrewmem
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@jlonghitano, haha, yeah my target is 196 now though
jlonghitano
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@chefdrewmem, What I'd like to know is if the sell-off from $140 down to SUB-$70 were insiders selling. If so, your price target is probably grossly overstated and it's current price is probably more realistic; in other words, if the sell-off was from post-lockup then the insiders though the stock price was way too high. For what it's worth, I hope you're right. I made bank on the way up and then rolled all my contracts to higher strikes and then took a bath and lost all the gains and then some. FML.
chefdrewmem
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@jlonghitano, i dont fool with options that much. i sold high around 135, and bought it back as it went down. im not sure sure why the price is where it is, but it sets up a nice fib series from here. i was trading Shopify when it was around 150, i saw some gaps i thought it was over valued so i sold and waited for it to go down, well that never happened. I bought Dillards for 25 sold it for 40, thought it would go down, i was wrong. I was right about AMC but i never bought any... My point is its impossible to know for sure what and when its going to happen, but stocks go up, look at Gamestop or Carnival.. Two years ago you couldnt convince someone to buy that garbage, now look at it. Bottom line is Affirm is more attractive than half of those i mentioned yet all of the above have gone bonkers, Affirm will have its moment, just have to be patient.
jlonghitano
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@chefdrewmem, Yeah, I did well with SHOP until I got greedy, but luckily it wasn't the same as what happened to me with AFRM. I'm a believer in the company too and I hope your targets are right!
chefdrewmem
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@jlonghitano, ill post an updated chart this afternoon