Upwork Inc.Short
$UPWK Swing Trade Idea
UPWK broke out strong to the upside.
Looking at the volume profile, POC in the long-term and short-term are lower than current prices.
Today we saw a bounce off the daily 20ema line (yellow).
I'll be looking for weakness and for price to break under the daily 20ema before i enter short.
If prices break down, we could easily see a gap down to $28 level, as there is a huge volume gap around $28-$30.
Below that we could revisit $21 if $25/$26 level can't hold, notice the huge volume gap from $21-$26.
Looking at the volume profile, POC in the long-term and short-term are lower than current prices.
Today we saw a bounce off the daily 20ema line (yellow).
I'll be looking for weakness and for price to break under the daily 20ema before i enter short.
If prices break down, we could easily see a gap down to $28 level, as there is a huge volume gap around $28-$30.
Below that we could revisit $21 if $25/$26 level can't hold, notice the huge volume gap from $21-$26.
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