AFRM: Consolation & BreakoutVolume is falling. I think folks wanna see what will come of earnings & that will be the catalyst in the breakout - for whichever direction. Up or down. From here some consolidation is in order.
Good luck to everyone!
AFRM trade ideas
$AFRM - potential 75% upside with C&H breakouthandle is currently being formed.. so potential upside 75% with breakout from that massive cup & handle pattern.
Uptrend ChannelWe 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 deviation. The yellow line is the mean and is acting as support right now. I'm not a financial advisor and this is my personal opinion. Have a great trading week! NASDAQ:AFRM
AFRM: Growth is back!Numerous growth stocks are soaring after market chilling about inflation concerns. AFRM broke above is weekly downtrend and has beat its 20 day high with massive volumes. Target 80.
Key levels $AFRM1) 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
AFRM BreakoutAFRM breaking out of IPO base
7 Month Long Base
Nothing much to add, want to see a continuation now
AFRM - Looking for $192 - $200Is 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
$AFRM Affrim Fibonacci Breakout Targets
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Affirm Holding : CMP 146Stock 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
My Trading Mantra: "Follow the Money "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 you have as a trader or investor is to monitor the money flow in the market to find out emerging opportunities!
I have picked 3 Stocks with a +100% gain since August, let's review them
My best-performing picks since August:
-1 UPST: +150% gain since August 2nd when I published my analysis at 131.65
2- AFRM: +125% gain since August 2nd when I published my analysis at 64.71
3- DATS: +100% gain since October 6 when I published analysis at 8.16
For complementary information, you can watch my youtube video about volume and Volume Price:
youtu.be
AFRM---nearing top in extended three?AFRM possible great value esp with larger wave 5 in broader market...credit galore
$AFRM - requestThis will be the last one I do today:
AFRM - looks like it is in a primary wave 5, and in the first impulse of the primary wave 5. We should be reaching a peak of intermediate wave 1 very soon of this primary 5. That wave 2 down will be a BTD (invalidation is 105 area - wave 4 bottom). Would be smart to wait to get in until after there is a clear 3 swing down. (if not already in). If in I would use a stop loss at this point
If we extend into 5 we could be seeing AFRM get up to around 200 a share before the primary wave 5 peaks
NOTE: AFRM has a tendency to go vertical and is very volatile - more volatility less accurate Elliot waves tend to be (mainly because they are hard to properly count until the moves are complete). Be mindful of that
AFRMScalping lvls here for AFRM .. if market sentiment was bullish I would believe this would breakout to upside but am skeptical with how market is digesting currently. Therefore here's both sides to this hot name.
Break above 115 - > 119
Break below 106 - > 100 - > 96
AFRM LONG INTRADAY-SWING 15min came back down to test the demand zone it respected it quite nicely. we backed up our analysis with trend, candle patterns and fib retracement. we can see some nice gains make sure you get a strike as near to price as possible and use proper risk management.
AFRM$AFRM two massive W's just stairstepping it up. Second pattern has had a nice pullback, but I'd like to see slightly deeper down to 122 or 118 for an even more explosive move back up. Bullish over 125.25 pt 126.25, 129.84, 131.5 ..bearish under 122 pt 118.48, 115.45
9/26/21 AFRMAffirm Holdings, Inc. (AFRM)
Sector: Technology Services (Internet Software/Services)
Current Price: $123.73
Breakout price trigger: $103.00 (hold above)
Buy Zone (Top/Bottom Range): $113.00-103.00
Price Target: $138.00-140.00
Estimated Duration to Target: 59-63d
Contract of Interest: $AFRM 11/19/21 140c, $AFRM 1/21/21 150c
Trade price as of publish date: $10.95/cnt , $12.60/cnt
AFRMPremarket Movers !!
if weekly close above $143.80 may reach the New Target $199.50 - $200
Could be...
$AFRM Affirm - Breakout, Retest, Bounce Candidate$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.
AFRM - Late day Oct 1 call activityAFRM is on watch tmrw, as right before close there were Oct 1 $150 calls bought for $173k premium. Not a lot, but usually short expiration option flow hits.
Recent partnerships with Amazon and Shopify.
AFRM about to hit ATH?Last time it broke out of a flag, it ran 20$
Once again we are flagging
Watching $115 - 116 area break
Target would be ATH $126
AFRM Outside bar double inside bar setupBeautiful setup on AFRM. $AFRM above 112.81, 118c below 104.60, 100p. Or consider ORB.
