Affirm's (AFRM) stock bottoming out – Could a major reversal be on the horizon? [Video]

by · FXStreet

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]

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