🔸️Ticker Symbol: $AFRM timeframe: 4H 🔸️2X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: AFRM is slotted to post earnings heading into tomorrow's after hours, and I think we will get a decent indication of trend and momentum throughout Thursday's trading session. Taking a peak at previous price action, AFRM, has posted positive revenue growth, and price typically follows the reaction to the high side. There is a ton of insider activity that promotes positive feelings from within the company, and we can validate this on the current options board; posting more than $50k in call options on this Friday's $30 call strike. From a technical analysis, money flow looks to run positive, and price is currently holding a decent trend line; as we look to start the uptrend following the downhill phase of this "Bump-N-Run" pattern.
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: AFRM is slotted to post earnings heading into tomorrow's after hours, and I think we will get a decent indication of trend and momentum throughout Thursday's trading session. Taking a peak at previous price action, AFRM, has posted positive revenue growth, and price typically follows the reaction to the high side. There is a ton of insider activity that promotes positive feelings from within the company, and we can validate this on the current options board; posting more than $50k in call options on this Friday's $30 call strike. From a technical analysis, money flow looks to run positive, and price is currently holding a decent trend line; as we look to start the uptrend following the downhill phase of this "Bump-N-Run" pattern.
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.