Affirm vs Zip US, page-63

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.