Bullish Engulfing Candle in AFRM

BY LICIA LESLIE 

May 19, 2024

Hi Shoppers,


Affirm Holdings (Ticker: AFRM) is sporting a very bullish engulfing candle created on Friday:

The stock has been honoring the support of the 200 day moving average and is now bumping up against the 50 day moving average.

 

Watch for a close above there, $34, and it is clear sailing to $38.

 

Trade Review

 

Intel Corporation (Ticker: INTC) hasn’t traded above resistance, yet. But keep your eye on it.

 

$AAPL and $AA still looking higher.

 

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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