FVRR Long - The next market leader?
Now is the time to invest, because Fiverr is going for a big play!
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Checkout my fundamental and technical analysis below and let me know what you think.
Fundamental Analysis:
Fiverr is a service offering freelancing jobs, they produce digital content based on branding. According to the below analysis we could be looking at the next market leader of services (AKA the next
AMZN
):
- Since the COVID crash halfway of march the bull trend has started
- People lost their jobs and got more spare time to learn new skills and find news jobs (AKA Fiverr)
- People are now more then ever subject into doing freelance work
- Revenues are increasing exponentially every quarter so far
- Gross income vs net income are nearing break-even
- They invest around 10 million dollars in research and development each quarter
Technical Analysis:
What we can see is that the trend is shifting to a more aggressive bull-run as of september 21th. Things I see on the chart on the short-term:
- Trend is getting more steep towards a bullish
- We are now at all time highs for Fiverr
- Higher lows and higher highs
- Possible Elliot Wave pattern ending soon at (E)
- Calculated risk: possible bearish divergence starting on the short-term or around (E)
If the ABCDE wave ends here, we could se a drop to as low as 165 or even 151 which will indicate an Elliot correction wave.
Trade safe, stay safe!
______________________________________________________________________________________________________
I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
_______________________________________________________
Checkout my fundamental and technical analysis below and let me know what you think.
Fundamental Analysis:
Fiverr is a service offering freelancing jobs, they produce digital content based on branding. According to the below analysis we could be looking at the next market leader of services (AKA the next
AMZN
): - Since the COVID crash halfway of march the bull trend has started
- People lost their jobs and got more spare time to learn new skills and find news jobs (AKA Fiverr)
- People are now more then ever subject into doing freelance work
- Revenues are increasing exponentially every quarter so far
- Gross income vs net income are nearing break-even
- They invest around 10 million dollars in research and development each quarter
Technical Analysis:
What we can see is that the trend is shifting to a more aggressive bull-run as of september 21th. Things I see on the chart on the short-term:
- Trend is getting more steep towards a bullish
- We are now at all time highs for Fiverr
- Higher lows and higher highs
- Possible Elliot Wave pattern ending soon at (E)
- Calculated risk: possible bearish divergence starting on the short-term or around (E)
If the ABCDE wave ends here, we could se a drop to as low as 165 or even 151 which will indicate an Elliot correction wave.
Trade safe, stay safe!
______________________________________________________________________________________________________
I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Comment:
1D timeframe:
Comment:
Short-term update: A closer look on local trendlines and S&R zones on the 15 min timeframe. We can see the chart went down and broke through the initial drawn trent lines (slightly faded out white line). And that there's a new trendline forming (solid white line):