I called tops on this a week ago and that was premature. RSI , MFI and heavy volume is saying that this channel break out is for real. Right now it's riding that uptrend (yellow line) nicely. Until it breaks that uptrend line I won't even consider this pulling back.
339 is the next fib target and with earnings next week it might hit it sooner than later
Stock hasn't seen 2m volume like this since November, and it's on lunchtime.
this was a great channel swing. Closed out calls positions here at 275$
MFI has room
RSI has room
Vol is up
But it's been up 4 straight days and its outside channel.
This was an epic short for me back on the 19th. Hit its channel bottom 27th and it held firm.. good time to go long.
Targets are Fibs (greenlines)
Stop loss 200 or ( channel bottom
I have a weird feeling this broadening wedge will have its trendline tested @ $180 possible right shoulder being formed maybe bear flag either way this is on watch for next week before earnings on 18th feb
I do not like labeling a security as parabolic cos in this market it may bite you the next day!!! The market is on steroids. Everyone is bored out of their gourd so they trade! LOL..
Good one to look at on 3 year weekly and 20 year monthly..
This was over the top bollinger band set on 80 MA verses a 20 MA...life and stocks have a way of pulling back to the...
Fiverr has broken a rising wedge giving a target price at $108.02 that is -44.6% from current price. This price is inside the fibo zone of the last impulse so I will go long if this target price is achieved.
Has been on a tear ever since motley fool recommended it for 2021 stock picks. Technically its was overbought on the RSI so the UBS downgrade was well timed...
1st target is its channel top 253$ ( greenline).. if 253$ can't hold, its headed back inside its channel...
This stock is not called Fiverr for nothing. It literally goes up or down $5 every session.
All I can say is that the daily 50 day MA is key to trading this stock.
Good entry points are when the Daily Candle closes near the 50 day MA.
I have consistently taken good $FVRR profits with this strategy.
Buy when it dips near the Daily 50 MA.
FVRR has been mostly trading within a regression chanel for the past 6 months. It looks likely this trend will continue (until it breaks).
It has pulled back from the top of the channel to the bottom of this channel yesterday, which incidentially is also at the 38% fib support level of the AB swing up. A bullish divergence (between price and RSI) is also...
