FVRR (Fiverr): Possible H&S Pattern
Updated
FVRR (Fiverr) is developing a potential Head & Shoulders price pattern, on the daily chart.
Neckline Support in red is approximately 60.27.
Downside breakdown target would be -14.6%, or 51.48.
If the H&S fails, FVRR price would need to breakout above 66.39, 70.47, and 73.57 to continue the uptrend.
Neckline Support in red is approximately 60.27.
Downside breakdown target would be -14.6%, or 51.48.
If the H&S fails, FVRR price would need to breakout above 66.39, 70.47, and 73.57 to continue the uptrend.
Trade closed: stop reached
Resistance targets completed.H&S pattern did not complete.
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