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

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]

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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