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Affirm vs Zip US, page-64

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AlphaX

8,124 Posts.

875

10/01/22

05:28

Post #: 58740991
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Originally posted by Goodfella58: ↑

Essentially the USA is playing catch up with the fascination or derision of BNPL stocks and while Australian BNPL stocks are in terminal decline with most participants having been wiped out and any rallies being sold into the USA investors are still to go through this process so I believe we may well see similar technical rallies in SQ and Affirm as to when Zip had it's rallies to $10.59 and $8.75 after sharp falls.

Affirm does not really have sufficient chart data for reliable moving averages and traditional support but I believe we may be close to the ending of five waves down if not already complete will complete in $70 range.

This is a high risk trade due to paucity of data but while Zip enjoyed a 38.2 percent Fibbonacci rally I believe Affirm could rally harder by 50 to 61.8 percent giving targets of $112 $124 and $137.

I would only take a call option position so risk is the options premium rather than a stock position due to lack of confirming data.

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thanks GF

i agree with the US BNPL sentiment and playing catch up.

i am only recently in for another trade back to $120 to $130 depending on volume and momentum

much sexier Fortune 500 and blue chip bargains around, providing greater risk reward

Z1P Price at posting: $3.82 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.27		Change -0.030(2.32%)		Mkt cap ! $1.425B

Open	High	Low	Value	Volume
$1.29	$1.30	$1.26	$9.400M	7.424M

Buyers (Bids)

No.	Vol.	Price($)
2	30000	$1.26

Sellers (Offers)

Price($)	Vol.	No.
$1.27	60364	6

View Market Depth

No.	Vol.	Price($)
2	30000	1.260
13	267334	1.255
35	496731	1.250
9	151213	1.245
18	288595	1.240

Price($)	Vol.	No.
1.270	60364	6
1.275	139000	7
1.280	124238	6
1.285	123155	6
1.290	136951	10

Last trade - 16.10pm 22/05/2024 (20 minute delay)


Last $1.27			Change -0.030 ( 1.88 %)
Open	High		Low	Volume
$1.28	$1.29		$1.26	2346797
Last updated 15.59pm 22/05/2024 ?

ZIP (ASX) Chart

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