$AFRM: Bullish trend?
With the amount of signals I am seeing (about 20 long ideas here), many being growth names, it is clear the market is pricing in a more dovish Fed, inflation cooling down and a soft-ish landing...I wonder if this will become a trap as all these setups fail simultaneously after FOMC? For now, it is what it is and charts call for long exposure. 
AFRM has a nice reward to risk and odds here, and 
QQQ weekly is now bullish, and broke into a new monthly high after triggering a trend signal so maybe we did see a bottom after all...Earnings data has been quite positive, according to 
V, 
MA, 
AXP, so there could be some potential on the long side as a mid or long term idea. I'm personally trading tactically overall, until it is clearer we're out of the woods, closing things at targets, using tight stops, playing longs and shorts, etc.
Best of luck!
Cheers,
Ivan Labrie.
AFRM has a nice reward to risk and odds here, and QQQ weekly is now bullish, and broke into a new monthly high after triggering a trend signal so maybe we did see a bottom after all...Earnings data has been quite positive, according to V, MA, AXP, so there could be some potential on the long side as a mid or long term idea. I'm personally trading tactically overall, until it is clearer we're out of the woods, closing things at targets, using tight stops, playing longs and shorts, etc.Best of luck!
Cheers,
Ivan Labrie.
Trade fermée: cible de profit atteinte
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.