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...
Back to back inside days getting tight against the upward sloping 20d. Want to either buy a flush towards 113 with risk under Wednesday’s lows or if we push back above Friday’s highs then I will possibly look to build in long on dips as long as we can hold higher lows. Over 121 should send it.
Strong day even in the bloodbath of a market we had on Friday. Would like to see a retrace back to 115 area where we have that quarterly pivot as well an area of consolidation from Friday. With an ATR of $8 that puts us right in the range of a full ATR if we were to open up around where we closed on Friday.