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🚀📊 Upwork (UPWK) Analysis: Surge in AI Job PostsKey Highlights: Significant Growth in AI Job Posts: Upwork experienced a remarkable 1,000% increase in generative AI job posts during Q2 and Q3 of 2023. High Demand for AI Skills: Searches for generative AI skills surged by 1,500% during the same period, indicating a substantial demand for AI-related expertise. Strategic Collaboration with OpenAI: Upwork's collaboration with OpenAI further strengthens its position in the evolving workforce landscape. Bullish Sentiment: The overall sentiment towards UPWK is bullish, reflecting the positive market outlook for the platform. Technical Analysis: Support Level: The analysis suggests a support level above $13.00-$13.50, indicating a potential floor for price movements. Upside Target: The upside target is set in the range of $22.00-$23.00, reflecting optimistic expectations for Upwork's performance. #Upwork #UPWK #AI #Freelance #WorkMarketplace #StockAnalysis #Investing
NASDAQ:UPWKLong
by Richtv_official
UPWK looks to retest the 13s by the end of June or early July11.85 seems to have made a very strong resistance and UPWK has been moving in right direction in the bull triangle for awhile. Price could fall back to 11.85 in the next day or 2, but this will probably only delay the move back to the 13s. Patience will be key here. Lines Legend 1. Horizontal lines: Used to mark out major resistances and support based on points with larger trading volume (buy & sell), as well as any gap(s). 2. Diagonal lines: These are trend lines to mark out the price points that would if the stock is still bullish or bearish Technical indicators used 1. VWAP 2. EMA 3. RSI FIrst post on tradingview, but I have been working with these tools and made a nice run over the last year. Let me know your thoughts :)
NASDAQ:UPWKLong
by aozh
1
Confirmed Trend Reversal - Needs to Break $7.90 and retest itAll, Upwork is definitely in an uptrend for now on the 1H etc. We have to confirm on a higher timeframe that it holds above $7.90 level with a re test. You of course could get in now, but absolutely make sure your trailing stop loss is 5-10% below the uptrend bottom support. Once it breaks it could be the start of a longer uptrend that could go on for weeks. REMEMBER UPWORK IS A FREELANCING COMPANY. People work from home...
NASDAQ:UPWKLong
by DigitalData
2