$FVRR - Key Levels and Analysis
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So, @micahbean24, It looks like FVRR does want to try to make a move upwards.
Beautiful close above the 35EMA (red)
The next level to watch is the 180EMA… that could either be resistance, or it could become support if it breaks above and holds.
IF it holds above the 35EMA, AND the MacD gets back into positive...
Claimed EMAs 8 and 21.
Forming Desc Wedge after bouncing from MA 50 and 100. (Ichimiko Cloud V60 claimed also)
if claim in V60 Ichimoku Cloud and 260ish, could go to next R 285-295
FVRR broke out of kumo cloud on daily, signaling a move higher in the days-weeks coming. I'll also be watching the gap at $280 to be filled before 7/16.
FVRR Short-term/Day-trading SHORT/BEARISH - We're currently in a very strong downtrend, we see a strong resistance at the current 0.618-0.66 ($200.54) of the Fibonacci Retracement, if can hold this resistance strong, we expect a decline here and to reach at least the 0.618 of our Fibonacci Extension ($164.50) as TP1 and if that turns into resistance our next...
Yo!
so.. not much to say, if it breaks I would like to see it verify with support line..
if not itll keep move in the tunnle.
Goodluck,
t347.
NYSE:FVRR
This tape of a young stock exhibits the stages as described in the classic book by Stan Weinstein “Secrets for Profiting in Bull and Bear Markets.
After the post-IPO drop, the stock entered Stage 1 where it was essentially the base for a terrific Stage 2 growth stage.
Recently, it topped out (Stage 3) and it is likely that it has entered a Stage 4 decline phase...
A potential inverted Head & Shoulders is forming on FVRR with neckline current @ 131. A break of this neckline could see an eventual move towards 188-190 (inverted H&S target).
Let's see if this move materialises!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according...
On the daily time frame we see a bullish inverse head and shoulders pattern. The previous candles are showing some selling pressure in the wicks, but the trend is bullish overall. i have a lot of confidence in the indicators posture, which are suggesting upside potential. Above the current price we can see a gap up ahead, which ill be using as a take profit zone,...
