Will We “Affirm” (
AFRM
) A New Direction This Week?
I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock.
Bullish divergence on the daily chart.
AFRM is in the buy zone.
AFRM is in a range on the daily chart.
Outcome Expected- Break from range through the upper channel
*Identified risks-
-It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA.
-AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside
-AFRM has earnings on May 12, 2022.
I look forward to watching what happens with AFRM over the next few days.
AFRM
) A New Direction This Week? I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock.
Bullish divergence on the daily chart.
AFRM is in the buy zone.
AFRM is in a range on the daily chart.
Outcome Expected- Break from range through the upper channel
*Identified risks-
-It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA.
-AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside
-AFRM has earnings on May 12, 2022.
I look forward to watching what happens with AFRM over the next few days.