watch closely for confirmation of downtrend, if the candles come back above the cloud and then retest with a clear close below the cloud, look out below!
if things break to the downside we will see a stop at the first fib level, then likely lower considering where this rally started. I see FVRR being worth $50 MAX in a post-Covid world.
None of that means it can't go higher, as plenty of markets today ride extreme evaluations on no earnings or an unsustainable bottom line.
if things break to the downside we will see a stop at the first fib level, then likely lower considering where this rally started. I see FVRR being worth $50 MAX in a post-Covid world.
None of that means it can't go higher, as plenty of markets today ride extreme evaluations on no earnings or an unsustainable bottom line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.