AFRM is currently Trading below its 50/20 MA and its 12/26 EMA
the 12 EMA just crossed under the 26
Note the gap fill attempt
Using the Gann, it looks like support can be assumed along the 3/1 upangle and the 2/1 upangle to act as resistance if AFRM is to turn around
By using the 3/1 upangle AFRM may attempt that turnaround.
Assume the 3/1 downangle as resistance for the next 4-6 weeks as well unless broken by the 3/1 upangle
In my opinion, AFRM is finding a bottom soon
If AFRM decides to fill the gap in the next few weeks, I would look to the 8/1 to be support and this would indicate more bearish price action. ( Lower Lows would be set).
Neutral now, will update as time progresses on this one.
I would suggest keeping an eye on the options chain as well, big rolling down of calls and some big BTO purchases came in today as well.
I realized after posting I mark the wrong part of the candle on the beginning of the gap up at the end of August. I use the top of the candle when I should have used the bottom. Honest mistake! We all make them.