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don_shula
Apr 25, 2021 12:17 AM

Inverse head & shoulders FIVER Long

Fiverr International Ltd.NYSE

Description

On the daily time frame we see a bullish inverse head and shoulders pattern. The previous candles are showing some selling pressure in the wicks, but the trend is bullish overall. i have a lot of confidence in the indicators posture, which are suggesting upside potential. Above the current price we can see a gap up ahead, which ill be using as a take profit zone, this stock has an IV rank of 11, and an Imp. Vol of 69%. This play is definitely a swing play so I suggest when picking a strike make sure you give your self plenty of time for the expected move to take place, me personally ill be looking for a strike w an expiration 30-45 days out.
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