If you haven`t bought UPWK ahead of the previous earnings: Then analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week, I would consider purchasing the 12.5usd strike price in the money Calls with an expiration date of 2024-3-15, for a premium of approximately $2.55. If these options prove to be profitable prior...
Upwork (NASDAQ: NASDAQ:UPWK ) has emerged as a standout stock, gaining significant traction in the market after a noteworthy upgrade from Jefferies, shifting its rating from Hold to Buy. This upgrade has sparked a 10% surge in Upwork's stock value. Accelerated Revenue Growth in 2024: The driving force behind Jefferies' bullish stance on Upwork lies in the...
Key Highlights: Significant Growth in AI Job Posts: Upwork experienced a remarkable 1,000% increase in generative AI job posts during Q2 and Q3 of 2023. High Demand for AI Skills: Searches for generative AI skills surged by 1,500% during the same period, indicating a substantial demand for AI-related expertise. Strategic Collaboration with OpenAI: Upwork's...
Upwork is at fair value now, cheap for next year, and potential could grow to a 50-100$ stock over 5 years. Upwork is a freelancer marketplace and recently partnered with Open ai (chat GPT) to provide enterprises access to ai freelance experts and learning. Better value then megacaps: Upwork roughly has a earnings yield of 3% plus for this year 2023, which is...
Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $1.92. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to...
Wyckoff Accumulation Schematic #1 almost complete on a short term timeframe. Longer term.. Risk is 10%, reward is 120-200%. Stop loss and invalidation are clearly outlined (at 10% below current price.) Stock has formed a technical double bottom (textbook) over the last 4 months, and completed this formation with strong support yesterday. Stock has inverse...
As shown, beautiful EW structure. Still has a little more correcting to do, but should provide an amazing opportunity soon. Will be tracking very closely and may take a position.
a bit of technical, a bit of fundamental analysis for the algo for the algo for the algo for the algo for the algo for the algo for the algo for the algo for the algo
UPWK 1W I UPWK massive ascending triangle on the weekly chart. After reporting earnings it came down to test our trend and this seems like a great entry to go long. MU 1D I Micron is uniquely positions to speed up 5G across all parts of the spectrum. MU is currently breaking out from the bull flag we highlighted last week. AAL 4H I AAL is showing us another...
Upwork currently sitting in a huge ascending triangle on the daily w/ a double top. The last month and a half for Upwork has been a struggle with price continuing down but with price currently at support it gets my attention. Price closed up 5.84% on Friday with a huge engulfing which could confirm a rotation in trend. We also can see the MACD curling w/ the RSI...
If anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK,...
UPWK is rebounding well at the support zone at crucial $40. Its slowly peaking above 50sma on 4 HR chart. It is also up over 4% on the day which is a good sign for the bulls. RSI and MACD are very oversold with showing a good reversal. The next resistances or TP are validating at two moving averages, 50 EMA (at $48) and 200 SMA($45).
NASDAQ:UPWK is in a clear uptrend and last week made a good breakout from a large base in which I took a position. On the last 10 trading days, the tech stock has 5 days up and 5 days down. Is a little unclear for me if it can hold gains so, my stop is at breakeven. I have a price target of $62.18, but if it continues to move up strong enough I'll sell have my...
Sitting right on support at $45.45. A break here would likely cause a test of $44.28, and after that, I would look towards $41 next.
Green Elliot wave trendline is fast moving Yellow Elliot wave trendline is slow moving, consolidation Red Elliot wave trendline is downtrend Green circle areas indicate safer buy levels Yellow circles indicate caution Red circles are short/take profit area Light Blue circle area should expect a large move either way depending on current trend
Green Elliot wave trendline is fast moving Yellow Elliot wave trendline is slow moving, consolidation Red Elliot wave trendline is downtrend Green circle areas indicate safer buy levels Yellow circles indicate caution Red circles are short/take profit area Light Blue circle area should expect a large move either way depending on current trend
UPWK gap up today with nice volume and stay above the resistance 40.61. MM (Measure Move) for this breakout play is 55.46 price target and with stop loss is 36.77. PnL ratio: 3.87%, about upside 36% and downside 9%.
$UPWK has been climbing steadily but the RSI and MACD are showing a Bearish Divergence Set Up Even If the stock is a good value play - there is always room for capturing the volatility for profit