By Licia Leslie
October 16, 2024
Hi Shoppers,
Affirm Holdings (Ticker: AFRM) has traded up to the top of my pitchfork and has a change in trend candle created yesterday:
The candle is called dark cloud cover and is found at the top of an uptrend and may be signaling a change in this trend.
Of course you need to wait for confirmation this morning of AFRM trading lower before shopping for those puts.
Implied volatility is a bit high, your best bet is the Nov01 expiration.
Use a close above $48.84 as your stop loss.
Trade Review
The iShares Russell 2000 Index ETF (TIcker: IWM) traded a high of $225.50 yesterday and those calls ticked a high of $3.50.
I sure hope you bought them and took your money. I made 82%.
Let me know if you did better at [email protected].
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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