Affirm (AFRM) Stock Bottoming Out: What to Watch For
2 min readOct 10, 2024
Affirm (AFRM) is forming a bottoming structure that could lead to potential upside. Here’s a quick breakdown:
Key Market Actions
- AFRM has been grinding down after a good rally but is now at a key support level.
- The stock is testing its previous lows and looking for a bullish reversal bar to swing higher.
Potential Swing Trade
- A reward-to-risk ratio (RR) of 2:1 is possible if the reversal holds.
- Look for a quick swing trade in the next 1–2 weeks with upside potential.
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