Will Affirm Stock Retest Previous High?
The post Will Affirm Stock Retest Previous High? appeared on BitcoinEthereumNews.com. Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) AFRM stock price is up by 10% in the current week and attempting to break out of the $20.00 hurdle. The stock price has taken support near to $18 and reversing upward indicating that the bulls are returning back on track. Affirm stock price climbed above the 50-day and 200-day EMA showcasing an uptrend. But the EMAs are sloping sideways denoting that the price lacked direction and may consolidate for some more time. In the mid of September, AFRM stock price faced rejection from $25.00 and showed a sharp fall. Slow and steady prices declined and retested the breakout level. Luckily, buyers are active near to the support and succeeded in showing the bounce. If the recovery continues then the price rises to $25.00 and may prepare for another breakout attempt. However, if Affirm Holdings Inc.’s share price consolidates for some time in the existing range, then it might be an indication of short-term base formation. The price behavior of stock is quite stable and speculative activities are low. However, the quarterly earnings are scheduled in the coming few weeks so volatility may surge. Therefore, long-term investors must be careful before building up any position. Will AFRM Stock Price Reverse Upward? AFRM stock is in the recovery phase and the downfall seems to have taken a halt. The stock closed the previous session at $19.97 with an intraday rise…
The post Will Affirm Stock Retest Previous High? appeared on BitcoinEthereumNews.com.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) AFRM stock price is up by 10% in the current week and attempting to break out of the $20.00 hurdle. The stock price has taken support near to $18 and reversing upward indicating that the bulls are returning back on track. Affirm stock price climbed above the 50-day and 200-day EMA showcasing an uptrend. But the EMAs are sloping sideways denoting that the price lacked direction and may consolidate for some more time. In the mid of September, AFRM stock price faced rejection from $25.00 and showed a sharp fall. Slow and steady prices declined and retested the breakout level. Luckily, buyers are active near to the support and succeeded in showing the bounce. If the recovery continues then the price rises to $25.00 and may prepare for another breakout attempt. However, if Affirm Holdings Inc.’s share price consolidates for some time in the existing range, then it might be an indication of short-term base formation. The price behavior of stock is quite stable and speculative activities are low. However, the quarterly earnings are scheduled in the coming few weeks so volatility may surge. Therefore, long-term investors must be careful before building up any position. Will AFRM Stock Price Reverse Upward? AFRM stock is in the recovery phase and the downfall seems to have taken a halt. The stock closed the previous session at $19.97 with an intraday rise…
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