This trade idea for Fiverr is a short-term play based on technical analysis, with caution advised due to potential volatility and uncertain directional movement. The analysis does not rely on fundamental factors but rather on technical indicators.
Entry: 20.68
The entry point is determined by the Fair Value Gap (FVG) and supported by demand zones (SMC). This...
Fiverr - 30d expiry- We look to Buy a break of 33.55 (stop at 31.18)
We are trading at oversold extremes.
Prices have reacted from 26.27.
Price action has formed a bullish ascending triangle formation.
The bias is to break to the upside.
33.04 has been pivotal.
A break of resistance at 33.50 should lead to a more aggressive move higher towards 40.00.
Our...
FVRR is once again at long time support line.
Will it bounce?
Will it dive deeper?
I'd say SL at 6% or 13% to be super sure and TP could goo way up to 55% with potential reverse at 10% and/or 30%.
Definitely gonna give it a try.
There is a perfect double bottom on FIVERR at the 4hr as you can see here.
A double bottom, especially on 4hr, is extremely bullish.
I'm looking to TP around $260
Even after the recent partial recovery, FVRR still trades 40% lower than all-time highs. Is this a buying opportunity?
The answer to that question depends on how long you believe FVRR can sustain elevated growth rates.
Wall Street consensus estimates call for FVRR to grow revenues by 51.66% this year (which would be the high end of company guidance), followed by...
