$AFRM HAS PULLED BACK WITH THE MARKET. LOOKING TO RETEST IPO LEVEL AND MAYBE BOUNCE AS A QUASI DOUBLE BOTTOM.
SO FAR NO SIGNS OF A REVERSAL OR EVEN CONSOLIDATION.
STILL BEARISH ON THIS STOCK AND DONT THINK THAT BOTTOM HAS BEEN ESTABLISHED YET SHOULD THE STOCK FALL THROUGH ITS IPO PRICE.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Buy signal when the wick will match the previous all time low. I might be wrong, because judging by the fundamentals the company is quite highly valued even for the predicted price.
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
Potential break up the ABCDE triangle. The new quarter financial result will is important.
100% yoy revenue growth + new IPO + a potential disruptor to VISA/MA, worth a try.
One segment of the fintech market is particularly interesting right now: Buy now, pay later (BNPL) firms represent a new era of retail and recent IPO Affirm stands out in that category. Essentially, BNPL companies are the next generation of payment installment solutions.
Current Affirm partners include Shopify (NYSE:SHOP), Peloton (NASDAQ:PTON) and Walmart...
Read more here
I am keen on this company especially the business model of buy now , pay later. In essence, it is giving the retailers a chance to enjoy the use of the products before full payment. This will unconsciously allow the retailers to think they can afford it and thus ends up buying more stuff.
In Singapore, this is a common practice especially for...
IPO intraday trading strategy idea
Affirm is a company offers a “Buy Now, Pay Later” service as an alternative to traditional credit cards.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a...
