AFRM | Informative

AFRM


If the price of AFRM breaks above the bullish line of 17.33, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target prices could be set at 17.96 and 18.72.

Conversely, if the price of AFRM breaks below the bearish line of 16.11, it may suggest a bearish signal, implying potential downward price movement. In this case, the target prices could be set at 15.45, 14.79, 13.92, and 11.86.

*In addition to the provided information, I want to mention that personally, I hold a bearish outlook on AFRM. The stock was rejected at the EMA 200 on the daily chart, and a bearish engulfing candlestick has formed. These factors indicate a potential bearish price action in the near future.

Trade closed: target reached