Affirm AFRM Stock & Option Trade Ideas

Based on the technical data for AFRM:

• The MACD (Moving Average Convergence Divergence) is negative, indicating a bearish trend.
• The RSI (Relative Strength Index) is fluctuating but currently around 41, suggesting a neutral to slightly bearish sentiment.
• The Bollinger Bands are narrowing, indicating potential upcoming volatility.

Considering the above data, here are some potential trading strategies for AFRM:

• Bearish Stock Trade: Consider short-selling AFRM stock if the price breaks below the lower Bollinger Band, with a target price at the lower band and a stop-loss above the middle band.
• Bullish Stock Trade: Wait for a clear break above the upper Bollinger Band as a signal to buy AFRM stock, with a target price near the upper band and a stop-loss below the middle band.
• Bearish Option Trade: Look into buying put options on AFRM if the price shows further downside momentum, with a strike price based on support levels and expiration date to capture potential price movement.
• Bullish Option Trade: Consider buying call options on AFRM if the stock breaks out above resistance levels, with a strike price above the current price and an expiration date that aligns with your bullish outlook.