Buying Fiverr breakout.Fiverr - 30d expiry- We look to Buy a break of 33.55 (stop at 31.18)
We are trading at oversold extremes.
Prices have reacted from 26.27.
Price action has formed a bullish ascending triangle formation.
The bias is to break to the upside.
33.04 has been pivotal.
A break of resistance at 33.50 should lead to a more aggressive move higher towards 40.00.
Our profit targets will be 39.48 and 41.48
Resistance: 31.60 / 33.50 / 38.30
Support: 30.00 / 28.50 / 26.30
Disclaimer – Saxo Bank Group.
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