NYSE:FVRR has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has reacted back after meeting the threshold at 21.72 after the break of the head and shoulders formation.
A significant penetation of $26.73 will again give new negative signals to the stock, while a break of the opposite side of the formation will be a strong positive signal. The stock is testing support at dollar $28.00 This could give a positive reaction, but a downward breakthrough of dollar $28.00 means a negative signal. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.