$AFRM
Added 2024-08-13 11:14:51 +0000 UTC$AFRM is showing relative weakness compared to $PYPL and $SQ right now, it is moving more like $SOFI, struggling to find confirmed support and in a downward trend.
The price is still holding onto the 0.618 Fib at $25 but this level must be recaptured or the next test is at $17.87 on the 0.78 Fib.
I think long term $AFRM is a good company but they are not profitable right now and companies in this situation in this current climate will be under more pressure when there is market weakness.
I would not be taking a position in this current set up.
