Hello fellow traders and investors, here's another trade idea. AFRM has recently pulled back to the support area, if AFRM makes a full recovery it offers around a 70% ROI.
Technicals: The Macd indicates that it's oversold The EMA's are in a downtrend The RSI is oversold
When To Buy: When the Macd indicates a reversal by crossing its EMA. When EMA's crossover. If you like to be more conservative I recommend waiting for the break above the trendline.
When To Sell: I recommend selling at its previous high offering around a 70% ROI.
Fundamentals: AFRM operates a platform for digital and mobile-first commerce. It offers integrated checkout, virtual cards, split pay, Affirm's app and marketplace, and savings accounts. Basically, if you buy let's say 100$ worth of something you get to pay that in monthly payments using Affirm. Their sales growth Q/Q is 52%, earnings per share growth of 33% Q/Q, unfortunately, their ROI is -20.60% so they are not yet profitable.
Rating: 50/100 the technicals are good but I don't really like companies that aren't profitable however with their strong growth they should be able to become profitable but this is why it got 50/100.
NOTE: I might be buying some shares at the market open depending on market conditions.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.