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Jun 18, 2020 2:23 AM

FVRR (Fiverr): Possible H&S Pattern 

Fiverr International Ltd.NYSE

Description

FVRR (Fiverr) is developing a potential Head & Shoulders price pattern, on the daily chart.

Neckline Support in red is approximately 60.27.

Downside breakdown target would be -14.6%, or 51.48.

If the H&S fails, FVRR price would need to breakout above 66.39, 70.47, and 73.57 to continue the uptrend.

Trade closed: stop reached

Resistance targets completed.
H&S pattern did not complete.
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