I like Upwork long term (use their service as a consumer too), here is my plan to pyramid into shares. I will buy in 4 tranches and then have a pre-defined level where I will buy protective puts. Max loss is about $6/share average after all 4 levels are filled -- before it hits the insurance level.
I We can’t close a daily above 52$ we have to expect another fall to 40$ range. Looks like a clear short however if we bounce stronf off 40$ a huge double bottom could be in order for now, shorts will be safest bet
Upwork setting up well as it emerges from a pennant structure. Pivot held 50-EMA reclaimed Current: $51.07 Stop: $47.20 Tgt: $56.15 (gap close)
Bullish pattern indicated by both channel down and ascending triangle. Not financial advice, only my opinion.
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...
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 broke out of the head and shoulders pattern. Anticipated price action and targets are shown on the chart, stop loss daily close below 50 MA. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
Upwk is undervalued imo, bounce off this line with some upside, added on that white line.
$UPWK Breakout today and get back below pivot point. Last quarter, the company reported nice figures. Let's see if the stock can follow during the next days. If so, let's see if we can find a nice entry point.
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...
Bull Flag, I expect UPWK would touch $90 in October. Wave 3 and 5 coming. Price entry 51 -52. Take profit $90. Stop-loss $46. I think Butterfly Option which is a good choice ------------------------------------------------ This is not financial advice. I'm not a Financial Advisor. Trading is a high risk, do your own DD. Let me know what you think Cheers, I would...
UPWK finished a 4 month head & shoulders pattern. 6/22 broke up pivot $49.5. 1st PT is $62
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.