$UPWK Last Bull Run before Bearish Divergence $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 profitShortby CharlieGeller334
Long | UPWKNASDAQ:UPWK Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong100% Longby shkspr2
UPWORK is a Great SHORT OpportunityNASDAQ:UPWK UPWORK was a major benefactor from the lockdowns earlier in the year, beating their most recent earnings by +59%. Although I do like the business structure of UPWORK and thing long-term this company will scale immensely, I also think that this most recent run was driven by the euphoric earnings beat. From a technical standpoint, the 200 Day SMA is all the way down at $15.50 and has gone untested for quite sometime, meaning a mean reversion may be due. We also broke out above that red rising trend line and never retested it to become proper support. My downside target is $22.50 which would put us right at the retest of the rising red trend trend line (almost like its really important). Although my downside target is $22.50, the risk of $15.50 isn't too farfetched to consider a true possibility. Good luck and be safe. - PennyBagShortby PennyBagsCapitalUpdated 0
$UPWK shortSolid short here imo Failed breakout of wedge, failed retake of the channel, long way to go to strong levelShortby AlphaJi110
UPWK - December 27, 2020UPWK - operates an online talent marketplace that enables businesses to work with various freelancers to serve their needs. They are a much cheaper option than FVRR on a forward EV/Revenue basis with a 10.79x multiple, compared against FVRRs 29.42x multiple. Upwork reported Q3 revenues of $96.95M, which beat analyst consensus by $6.3M. Outlook for Q4 was raised to $96-98M in revenue. Upwork has been a winner from COVID as more businesses look to streamline costs through virtual work. This has increased the potential for companies such as FVRR and UPWK to leverage the online adoption and work from home benefits. UPWK is a great long term dip buy in the $36-32 range.Longby AptitudeFinancialAdvisory0
Dip in UPWKUsing Fibonacci Lines and 5 wave elliott wave analysis and looking at the uptrend as seen in the parallel channel, i think prices will be moving down to the 35.9-36.00 area first before continuing up. Any break below 35.9-36.00 and we might see prices moving to lower supports.Shortby Jerjerwongster0
Break through settupAgain, a great break through setup spotted. Only chart pattern. No company research done this time, but will be done after the entry. Update follows as soon as possible. That’s my opinion and should be treated like it. No trade advice! Longby spar_ma113
UPWK over 33.53I have been waiting on this for entry after missing a nice run. This looks to have cooled off and put in a base, 33.53 and above should see continuation. Resistance at 35.00 over which is a more conservative entry.Longby SpinTrades4
$UPWK Swing Trade IdeaUPWK broke out strong to the upside. Looking at the volume profile, POC in the long-term and short-term are lower than current prices. Today we saw a bounce off the daily 20ema line (yellow). I'll be looking for weakness and for price to break under the daily 20ema before i enter short. If prices break down, we could easily see a gap down to $28 level, as there is a huge volume gap around $28-$30. Below that we could revisit $21 if $25/$26 level can't hold, notice the huge volume gap from $21-$26.Shortby s_m_s0
Actual Trade: UPWK +103% Profits Noticing outstanding performance from similar competitor FVRR for its online tech services business model May breaking out from 10 to 12 was important hint for its upside potential with outstanding volume Two cascades rectangle bases during May-June and June - September were another evidence that accumulation patterns were clearly visible. Resistance 17 is established so it is a waiting time for its triggering event 09/29 was the day crossing over 17 bar and begins its upside journey Although there were a minor pullback to 18 but it never went below 17 since 09/29 Power gap-up and straight up actions does not allow any late comers into the game after 09/29 It finished with +103% profits in about 6 weeks for UPWK by marketfellow0
use trendline as stop lossjust like nio this is breaking out of its own trend channel. extremely bullish with no resistance, just how i like em. if you enter here id put stop around 24. or look for a test of one the top trendline for a perfect entry with extremely tight stop. gl ! <3Longby Vibranium_Capital18
UPWK - $25 by Valentine's Day?Disclaimer: I'm learning Elliott Wave and starting to test my analysis. This is for educational purposes only. Definitely some tricky counts on this chart. Especially in Primary wave 3. Nevertheless, I think we've entered wave 5. And, if it holds to the tendency of wave 5 to be roughly equal to wave 1, we could see $25 somewhere around Feb 14. But, then again, I'm new at this. So, comments and feedback are welcome.Longby n8fleming221
BUY UPWK Long Long on UPWK Currently accumulating. Will Be buying any dips available. GLLongby KML6332
Upwork upside potentialWe have seen 2 false outbreaks at NASDAQ:UPWK , but now the ADX is rising, +DI is positive, 20 day average is moving over a support, if it moves and stays (eod) over the resistance around 16,15 $ there is a lot of bullish upside potential. NASDAQ:UPWK has shown relative strength compared to the last days sell-off in TVC:NDX - in my opinion this is a nice stock setup, i will observe itLongby zupUpdated 5