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
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Grinding action followed by a strong rally to support.
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The stock is currently testing support levels.
Potential trade setups
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Watch for a bullish reversal bar to confirm upward momentum.
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Target a reward-to-risk ratio of 2-to-1 for swing trades.
Timing and strategy
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This setup could offer a quick swing trade within 1-2 weeks.
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Expect potential consolidation before the next big move.
Trading plan for Affirm (AFRM) stock [Video]
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