Nov. 14 at 3:26 AM
$AFRM is currently trading at
$73.18, with an RSI of 47.15, indicating a neutral momentum. The price is slightly below the 30-day moving average (MA30) of
$73.35 and significantly below the 50-day moving average (MA50) of
$77.46, suggesting bearish sentiment in the short to medium term. The recent high of
$100.0 and low of
$65.71 over the past 60 days indicates a wide trading range, providing potential for volatility.
Directional bias leans bearish due to the proximity to the MA30 and MA50, along with the RSI indicating no immediate overbought conditions.
Suggested entry:
$72.50 (slightly below current price to capture potential downward movement).
Stop loss:
$75.00 (above MA30 to limit losses).
Targets:
$68.00 (near the 60D low) and
$65.00 (psychological level and support).
Monitor price action closely for any changes in momentum.
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