Affirm Holdings (AFRM) declined in its latest intraday trading, pressured by a break of its main short-term uptrend line, which placed it under the control of a corrective bearish wave. The negative pressure continues as the stock trades below its 50-day simple moving average. The latest drop came after the stock successfully unwound its oversold conditions on the RSI, allowing room for further downside movement in the near term.

Therefore, we expect the stock to fall in upcoming sessions, as long as resistance holds at 80.75, targeting the support level of 69.80.

Todays price forecast: Bearish.