Affirm (AFRM) Stock Bottoming Out: What to Watch For

Ming Jong Tey
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.
Affirm (AFRM)

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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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/