I believe one of the best indicators to watch is Volume Price..!
You should try to invest where money flows in..!
In trading and investing your mantra should always be: Follow the money..!
I believe stock prices only go up when there are fresh players who bring money to the play, regardless of the quality of the underlying asset!
One of the most important duties...
On August 2, 2021, I published my first analysis about NASDAQ:AFRM when it was 64.71:
Now it is on the WSB's list (rank 9 in today top mentioned)
I believe this business model "Buy now Pay Later" could be expanding very fast in the future.
A successful Australian Model "Afterpay"...
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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This will be the last one I do today:
AFRM - looks like it is in a primary wave 5, and in the first impulse of the primary wave 5. We should be reaching a peak of intermediate wave 1 very soon of this primary 5. That wave 2 down will be a BTD (invalidation is 105 area - wave 4 bottom). Would be smart to wait to get in until after there is a clear 3 swing down....
$AFRM Affirm - Breakout, Retest, Bounce Candidate
Assuming a close at or above $123.70 today...could see a strong bounce into next week.
Near term price target: $140-$145 range
Note: This is NOT investment advice. Educational only.
We are in this channel since Oct 6, a doji candle was form in the 4H chart so we can experience a minimal pullback in the following days to the support line. Overall we are in a uptrend and we also broke last ATH at 146. I'm looking to add long positions at 150-151 or after breakout of the resistance line in this channel.
The horizontal lines are standard...
1) Testing $155, support from previous breakout
2) $153.40, right on the fib support, previously resisted on two other occasions, followed by a breakout - Bullish rectangle pattern
3) Watching for a test at $160, I believe it'll be rejected and $160 will be the new resistance
Is just one you're going to have to have some exposure to. If the market weakens and pulls back some, this is to be bough. Look to take longer dated calls ATM (at the money) on this C&H breakout.
$117-$124 should be very solid support on any weakness.
PT: $192-$200
Stock Trading near previous All time high...if stock breaks 151 on closing then Can create long position and hold it till hit A Stoploss of 127...
If stock Not able to Cross previous high then will expected to start correction on hourly Chart and prices expected to come down to near 120
Scalping lvls here for AFRM .. if market sentiment was bullish I would believe this would breakout to upside but am skeptical with how market is digesting currently. Therefore here's both sides to this hot name.
Break above 115 - > 119
Break below 106 - > 100 - > 96
came back down to test the demand zone it respected it quite nicely. we backed up our analysis with trend, candle patterns and fib retracement. we can see some nice gains make sure you get a strike as near to price as possible and use proper risk management.
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce. It offers integrated checkout, virtual cards, split pay, Affirm app and marketplace, and savings accounts. The company was incorporated as a holding company on June 18, 2019. Affirm's business was founded by Max Levchin in 2012 and is headquartered in San Francisco, CA.
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