Ming Jong Tey
Independent Analyst
Affirm (AFRM) stock is showing signs of a bottoming structure, but it's taking time to fully develop. Here’s what to watch:
Key market movements
-
Grinding action followed by a strong rally to support.
-
The stock is currently testing support levels.
Potential trade setups
-
Watch for a bullish reversal bar to confirm upward momentum.
-
Target a reward-to-risk ratio of 2-to-1 for swing trades.
Timing and strategy
-
This setup could offer a quick swing trade within 1-2 weeks.
-
Expect potential consolidation before the next big move.
Trading plan for Affirm (AFRM) stock [Video]
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
GBP/USD clings to recovery gains above 1.2650 after UK data
GBP/USD clings to recovery gains above 1.2650 in European trading on Friday. The mixed UK GDP and industrial data fail to deter Pound Sterling buyers as the US Dollar takes a breather ahead of Retail Sales and Fedspeak.
EUR/USD rises to near 1.0550 after rebounding from yearly lows
EUR/USD rebounds to near 1.0550 in the European session on Friday, snapping its five-day losing streak. The renewed upside is mainly lined to a oause in the US Dollar rally, as traders look to the topt-tier US Retail Sales data for a fresh boost. ECB- and Fedspeak also eyed.
Gold defends key $2,545 support; what’s next?
Gold price is looking to build on the previous rebound early Friday in search of a fresh impetus amid persistent US Dollar buying and mixed activity data from China.
Bitcoin to 100k or pullback to 78k?
Bitcoin and Ethereum showed a modest recovery on Friday following Thursday's downturn, yet momentum indicators suggest continuing the decline as signs of bull exhaustion emerge. Ripple is approaching a key resistance level, with a potential rejection likely leading to a decline ahead.
Trump vs CPI
US CPI for October was exactly in line with expectations. The headline rate of CPI rose to 2.6% YoY from 2.4% YoY in September. The core rate remained steady at 3.3%. The detail of the report shows that the shelter index rose by 0.4% on the month, which accounted for 50% of the increase in all items on a monthly basis.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.