Get started
Affirm Holdings, Inc.Affirm Holdings, Inc.Affirm Holdings, Inc.

Affirm Holdings, Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

AFRM trade ideas

AFFIRM - 1st Review: on track to reach 1st TargetHello Traders and Investors, two weeks ago I recommended to go long on AFFIRM based on good fundamentals, but more important due to a very bullish pattern (Cup & Handle). And, so far, Affirm has been performing quite well (although not comparable to my likewise recommendation on The Trade Desk). Nevertheless if market conditions continue favourable AFRM should soon overcome the 1st Target (yellow line) in the Daily Chart around $70,70 and then already go after the 2nd Target around $80. Here I would then expect some consolidation before going after the 3rd Target around $90. On the other hand it is important that AFRM does not lose its support at around $60,78 (green line) as this represents a pivotal turning point and this would most probably trigger a new leg down. Hope you like this short analysis, and if you want to post a comment sharing your personal view about Affirm you are welcome to do so.
NASDAQ:AFRMLong
by foxbelex
1
AFRM Long - Affirm Holdings, Inc. - The Triple Affirmed PlayAFRM Long - Affirm Holdings, Inc. - The Triple Affirmed Play (Flow, Dark pool, and Capital Inflows into Tech) This long biased thesis is based on the following factors: An aggressive series of short term bullish call option flow totaling $413.5k with a strike price of $70 coming in within the last 20mins of the day (July 1st) that exceeded Open Interest. Approximately $20M in dark pool activity placed at key levels mid day. Although we do not know the nature of this we were able to see it act as respected levels through out the day and are currently trading above these levels. Also one of the dark pool prints came in at a respected fib level, further showing consistency with price action. Continued upside price action will further increased the probability that these trades were a buy. Price action has been consolidating for around two months and is primed for a move, making the timing of the the options flow orders and dark pool activity that much more relevant to an upward move. Bank of America Flow Show report released today (July 1st) showed an inflow of $1.1bn into the tech sector. Bank of America comments came out with AFRM as a high conviction short-term recommendation. Possible Threats: The $212.62 fib defined level may show support where price action may struggle or bounce from. Price has been rallying for the last two months and a half and a double top pattern had formed mid June, but continued price action may have already shown the pattern to have met its price potential. Short term tactical sentiment for the tech sector is coming to an overheated area and a bearish downtrend may soon show up to push tech stocks, in general, downward. That nature of the large dark pool trades are unknown and can only be inferred. The July 1st dark pool levels are being used to define the following trade parameters: Short Entry: price levels above, but in close proximity of the $68.27 (dark pool print) Stop Loss: The invalidation of the ascending channel support line (conservative) or the break of lower dark pool level of $67.75 (aggressive) Possible Targets: $72.81 (currently) - Anchored VWAP (from all time high) $79.30 - A support / resistance level that has been respected by prior price action $85 - A fib level that may coincide with a ascending channel resistance line $96.80 - The 50% retracement fib level from all time highs to all time lows Other targets can be based on the fib levels show in the chart or by drawing support lines This thesis/idea is just my opinion based on the information discussed within. None of it should be looked as a recommendation or as financial advice. AFRM Daily Chart
NASDAQ:AFRMLong
by Rhythmic
1
AFFIRM CUP and HANDLE formation, buy with both HandsHello Traders, this is my first contribution, hope you'll like it. First to some basic information: Affirm is already the US Leader in the so called BNPL (Buy Now, Pay Later) market space. It is growing at an exceptional high pace thanks to it's experienced CEO Max Levchin (Co-Founder of Pay-Pal). It is highly innovative and pro consumer oriented, which is a good strategy, as it does not take transaction fees, reason why Shopify entered into an exclusive partnership with Affirm. Despite some fierce competition in this space Affirm has been able to sustain its high growth rates translating this into nice Revenue increases and most probably will continue to be able in doing so due to its great leadership and market position. Now to the technicals: The 1h CandleStick Chart shows a very clear CUP and Handle Formation, which is a very bullish sign. Also the last relevant resistance to be overcome at around $65,50 is gone right now and therefore this is a very good moment to buy some shares if you consider a 3 to 6 month time range. First goal would be retest the $100 and if it is able to overcome this range it could easily retest its previous ATH at around $140.
NASDAQ:AFRMLong
by foxbelex
1
AFRM catching the downtrendAgain we're jumping on a trend that has already started so I want to give the reminder that these should have smaller position sizes in your swing trading strategy. PTON which was previously one of our longs is one of Affirms bigger customers so you could see how the comps compare to last year. Another reminder is here at Flightschool we try to emphasize Reward/Risk to get you into swing trades with less hesitation knowing that your losers have a good chance of being larger than your losers and will help achieve profitability. Therefore, we are not afraid to jump in on a strong trend if it has already started and we also pay less attention on news and talking points.
NASDAQ:AFRMShort
by Flightschool
AFRM, REVERSAL COMING?Hello fellow traders and investors, here's another trade idea. AFRM has recently pulled back to the support area, if AFRM makes a full recovery it offers around a 70% ROI. Technicals: The Macd indicates that it's oversold The EMA's are in a downtrend The RSI is oversold When To Buy: When the Macd indicates a reversal by crossing its EMA. When EMA's crossover. If you like to be more conservative I recommend waiting for the break above the trendline. When To Sell: I recommend selling at its previous high offering around a 70% ROI. Fundamentals: AFRM operates a platform for digital and mobile-first commerce. It offers integrated checkout, virtual cards, split pay, Affirm's app and marketplace, and savings accounts. Basically, if you buy let's say 100$ worth of something you get to pay that in monthly payments using Affirm. Their sales growth Q/Q is 52%, earnings per share growth of 33% Q/Q, unfortunately, their ROI is -20.60% so they are not yet profitable. Rating: 50/100 the technicals are good but I don't really like companies that aren't profitable however with their strong growth they should be able to become profitable but this is why it got 50/100. NOTE: I might be buying some shares at the market open depending on market conditions. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:AFRMLong
by UnknownUnicorn11084119
5