Upwork looks like it is about to enter a continuation of previous patterns at the price entry, and I expect the positive wedge to have a current target of $18. This also has long hold profit turnover potential afterwards or you could shorten at the wave and buy the dip. I feel like the patterns are there, and the AO is just repeating itself. Also ADR, and the...
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.
Upwork (UPWK, $14.82) was one of top quarterly gainers, jumping +105.26% to $14.82 per share. Tickeron A.I.dvisor analyzed 156 stocks in the Packaged Software Industry over the last three months, and discovered that 139 of them (89.06%) charted an Uptrend while 17 of them (10.94%) trended down. Tickeron A.I.dvisor found 25 similar cases when UPWK's price went up...
heading to next resistance once it breakouts out of the frypan bottom resistance channel
Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is...
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...
Contextual immersion trading strategy idea. Upwork Inc. operates an online talent marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers) in the United States, India, the Philippines, and internationally. The demand for shares of the company looks lower than the supply. So I opened a...
Upwork is a company that mainly makes money as their hired consultants make money. So the more employers hire people through the service the more revenue they generate. This could be problematic long term as after they hire a "temporary employee" because thats whats assumed through the program if they decided to hire them long term after their term is over then...
First off, please don't take anything I say seriously. As always, this is on opinion based basis and not meant to be taken as financial advice. That being said, let me get into a few of my key points. Upwork's financials aren't too great, which is why I'm not very bullish long term. However, given the moving averages and resistance level, a $15 threshold price...
All, Upwork is definitely in an uptrend for now on the 1H etc. We have to confirm on a higher timeframe that it holds above $7.90 level with a re test. You of course could get in now, but absolutely make sure your trailing stop loss is 5-10% below the uptrend bottom support. Once it breaks it could be the start of a longer uptrend that could go on for weeks....
All, If you are unaware with Upwork they are actually a pretty decent company and do freelancing .. aka home from Coronavirus? Let's see if this gets in a full trend reversal.
LONG UPWK / Upwork (steal at $9.30/share, loading up before FEB 26th earnings) #gigeconomy #freelancer #remoteworkers #5G #workforce #decentralization #SmallBiz #entrepreneur
"If" this turns out to be a viable Inversed H&S pattern, the target is 17ish, which would put the candle crossing over the 50 day MA (what we call gaining support), which is a buy strategy when you swing trade moving averages (half position for some). If that strategy plays out then we would likely see the 20 MA cross above the 50 MA as well, which is another...
If a true cup and handle, it would break up from here. BUT, this may need more of FA than TA being very recently ICO'd.