Affirm Holdings tries to vent off overbought saturation - Analysis - 26-05-2023

Affirm Holdings' stock (AFRM) fell in the intraday levels, while gathering positive momentum to rise anew, while venting off overbought saturation in the RSI amid negative signals out of them, marking a loss of 4.13% in the last session, or 49 cents, and settling at 13.71, amid the dominance of the upward correctional short-term wave, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the first resistance at 16.40, provided the support of 11.95 holds on.

Expected trend for today: Bullish