Star Stock Fiverr seems to be creating a temporary top

20 ott 2020

FVRR is one of the few stocks which had an amazing run in a very short time and might be dangerous to short but we only need to trade the charts and tighten our stop. The stock is creating a double top at around 183.5$ and should retest the neckline at 165.6$. It will either bounce to retest the high or break down to target the buy zone between 151.8$ to 155$ and then the double top target of 147.6$, if the stock bounce and breaks the all time high, it will target 201$.
Be aware earnings announcement in a week time!
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!

23 ott 2020

Nota

The stock broke the neckline at 165.6$, retested and continued downwards. Targets remain the same.
Be aware earnings announcement in a week time!
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!

28 ott 2020

Trade chiuso: obiettivo raggiunto