NASDAQ:UPWK Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong100%
The UPWK "Cup and Handle " pattern has confirmed at $ 15.5 and a small resistance just above has confirmed a pass, now it's a good time to buy. The price is above the MA200, which shows that the uptrend has stabilized. UPWK buy : $16 UPWK target : 20.5 +-1 Stop loss : $13.8 Wish you good deals!
Stop 2 is very wide to prevent against intraday spikes. A close under Stop 1 is my manual stop point. Stop 2 could also be used for conservative position sizing.
heading to next resistance once it breakouts out of the frypan bottom resistance channel
11.85 seems to have made a very strong resistance and UPWK has been moving in right direction in the bull triangle for awhile. Price could fall back to 11.85 in the next day or 2, but this will probably only delay the move back to the 13s. Patience will be key here. Lines Legend 1. Horizontal lines: Used to mark out major resistances and support based on...