Technical Analysis of Affirm Holdings Inc.This is not a trading or invest recommendation & is only for educational purpose.
Disclaimer - I don't own shares of Affirm Holdings Inc.
Analysis:
1.Stock has been currently in a long term down trend following a lower high-lower low structure & is currently under the 200 DMA.
2.Price has failed to create a new lower low after the low created at $48.17
3.Loss in downward momentum was also evident through the reduction in the real body of the red candles just prior to the last lower low
4.With the most recent low failing to take out the prior low at $48.17, the downtrend seems to have paused.
5.Stock shifting into a temporary uptrend is dependent on price closing above $67.87 with strong volume.
6.The first major point from where price could face major resistance is at $90.84 which happens to be the 200DMA. If prices crosses 200DMA & sustains it-self, the game changes & the stock moves into an uptrend.
All the best!
