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%.
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!
