AFRM jumped about 27% from a decent earnings beat on Thursday August 24th.
It is now sitting in the tip of a bullish pennant pattern and at the POC line of the
volume profile. The dual time frame RS indicator suggests strength is above 50
after the close of the week fade. The MACD lines crossing and above the horizontal
.
zero suggests this is simply a rest...
🔹Breakdown support of rising trend channel in the medium long term.
🔹Support at 13.81 and Resistance at 19.99 in Rectangle formation
🔹Slightly risen above the resistance level of 17.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle...
Affirm Potential Seen Here using the conventional studies showing an upside.
Using conventions of Head and Shoulders etc > Show there is a potential for an Upside.
Time will prove the Strategy.
Your thoughts and comments and critic's on my studies are welcome.
Lets Work Together.
Regards Graham. Invest.
If you haven`t sold AFRM here:
Then analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week,
I would consider purchasing the 14.50usd strike price Puts with
an expiration date of 2023-8-25,
for a premium of approximately $1.12.
If these options prove to be profitable prior to the earnings release, I would...
Here's what I see for AFRM. Although we're def. in an a up trend I think we're going to see a leg down to around $12 -$13 before it rips to $20. My long term outlook is at around $40 for AFRM. We have a bearish divergence on the MACD histogram which gives us a heads up in which direction the stock is about to move.
The price correlation between AFRM and UPST is 0.73, meaning the two stocks tend to move in the same direction. This is not surprising, as both companies are in the same industry (digital lending) and have similar business models. However, it is important to note that correlation does not equal causation, and there are other factors that could be affecting the...
NASDAQ: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...
Another test of 200EMA and the G2R reversal today looks nasty. Won't read too much into it yet, but then I won't add more until daily action improves.
Even if it gets sold, there's a good support near 16. I'd be concerned below 13 though.
No need to panic yet.
Hi everyone,
Affirm is seriously misspriced right now. Upstart has made a crazy run from the $12 bottom to $65 bucks now, while Affirm is barely $17. This pair used to be trading at almost the same price half a year ago and now the difference is crazy. Affirm will follow eventually Upstart to close the gap.
Affirm's partnership with Amazon can give us a nice...
Affirm completely separate from UPST but I’ve been keeping these two together on my watchlist for sometime. I think we see AFFIRM have a solid 25%+ upside
Based on 12 Wall Street analysts offering 12 month price targets for Affirm Holdings in the last 3 months. The average price target is $15.54 with a high forecast of $24.00 and a low forecast of $9.00.
The upside prevails as long as $14.3 is its support.
Afrm seems to be headed higher after breaking out of descending wedge. This week will likely confirm if this is a true breakout. If breakout is confirmed my immediate price target would be $22.75 and after that target two would be between $47-$51. This trade is invalidated with a close back in the descending wedge.
AFRM broke out of a bull flag, expecting further upside. Price may retest deeper around the $14.50 level, however longs remain valid as long as price does not break below $12.50
Target 1 $19
Target 2 $21
Invalidation $12.50
Got sold hard yesterday into the supply zone, despite good news, but that proved to be backtest of breakout level at 16, which was held and it got yesterday's gains back.
Two overhead levels to watch, first at 600DMA around 19-20. Second, is overhead supply at 22.
IMO yesterday's sell-off was test of 200DMA and today's PA tells us that bulls like the...
![AFRM: AFRM - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/i/IawwAs7f_mid.png "AFRM - Rising Trend Channel [MID-TERM]")
