$AFRM - WATCHLIST -
Added 2024-06-24 19:45:49 +0000 UTCUp +13.7% now as of writing this after Goldman gave an increased PT of $42 today.
Price is now back above the 200 Day MA at $34, the MA sits at $32.81 at the 0.5 Fib, flipping this level to support is a bullish confirmation and reaffirms our Wave 5 target of $60 here.
$AFRM conveniently took over Goldmans job with $AAPL to underwrite loans and BNPL payments, something that Goldman was desperate to get out of.......so as a parting gift, they gave a favourable PT at the perfect time.....regardless of this tactic, I still believe $AFRM is a good position once it stays above the 200 Day MA at $33.
Comments
It is now $33.8. I have no position in this company yet. What do you think if I enter now? Thanks Cap 👍🏻
Mark
2024-06-24 23:19:52 +0000 UTC
