Hello 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.
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.