IPO 20, move above 300, trading at 85
so many like this
when was the last time we had a stealth bear market? where risk got pulled while the indices were trading near ATHs?
Weekly time frame.
Often it is easier to see the steep rise of an arc-like structure on longer time frames. FVRR fell from an ugly top and appears to have formed a parabolic arc in 2020 and early 2021. This can be a long term pattern but has a predictable outcome.
Parabolic arcs fall on average between 62 and 79% (.618 and .786). An arc can fall more or less...
FVRR catching my eye here as it's one of those stocks that can really move with volume. Holding a nice falling wedge with buyers starting to step in, some slight bullish hidden divergence on the RSI, Bullish bat (Alt Bat) Harmonic formed, and Bollinger bands squeezing as well. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting)...
$FVRR I have my eyes set on this for the longer term. Not interested in short term noise. Small cap company I personally believe in.
Looks like a giant falling wedge on the weekly timeframe currently into demand. I may think about starting a leap position here.
I’m not sure when but when this baby decides to reverse look at all that reward to the topside.
Weekly chart hitting 0.618 fib. Strong support at this level.
Can initiate buy from here. Possible target of 450 to 650 based on fib extension.
Let me know your thoughts.
FVRR starting to look really nice here- confirmed double bottom off support, bullish ABCD harmonic formed (Not Pictured), along with a strong close on Friday to reclaim the 50-day SMA. Along with the symmetrical triangle its been holding on the daily timeframe is additionally is holding a massive falling wedge on the weekly timeframe (See Attached Chart Below)-...
FVRR ending diagonal + Double Bottom + Potential Island Reversal. Confirmation of it being an ending diagonal comes from the 3-3-3-3-3 wave sequence within the sub waves. Two AVWAPS are shown. The longer term AVWAP acting as support, and the shorter term on off the ATH has been acting as a resistance. Lots of noise on this chart so I'm waiting on for it to break...
FVRR is once again at long time support line.
Will it bounce?
Will it dive deeper?
I'd say SL at 6% or 13% to be super sure and TP could goo way up to 55% with potential reverse at 10% and/or 30%.
Definitely gonna give it a try.
Looks like we are going to get a huge momentum soon. Might be because of the earnings but I am keeping this on the watch. This will get interesting over 190 or it's going to be a great buy at around 128.
If I had to bet for the ER, I would say it's going down.
There is a perfect double bottom on FIVERR at the 4hr as you can see here.
A double bottom, especially on 4hr, is extremely bullish.
I'm looking to TP around $260
FVRR is in the middle of filling a large gap, but there are several resistance levels on the way. FVRR tends to respect these support/resistance levels, and consolidate for a bit.
+ MACD/RSI/5 EMA w/BB are great indicators to use to help determine if the price will fall
FVRR seems to be a contrary stock, so while the other top stocks (i.e. MSFT, FB) may be...
Even after the recent partial recovery, FVRR still trades 40% lower than all-time highs. Is this a buying opportunity?
The answer to that question depends on how long you believe FVRR can sustain elevated growth rates.
Wall Street consensus estimates call for FVRR to grow revenues by 51.66% this year (which would be the high end of company guidance), followed by...
FVRR was treated poorly and got beat up very badly after a huge run. There is a massive gap above that looks poised to fill. Fill would complete at the golden pocket which you should know by now is the sweet spot. Good spot to enter here, won’t be easy, and probably won’t be quick. Trade would be invalidated with a daily close below $176.
