FVRR will go up after this dump for sure at the least 35% it's obvious that FVRR will keep on rising in 2021 but hopefully like in 2020
FVRR
FVRR On WatchFVRR may have landed onto potential support on previous resistance at 211.50ish level. Eyes on this one. Waiting for a bounce confirmation tomorrow.
Precaution: May be a small, quick move as price seems to be entering into a rising wedge.
FVRR LongFVRR having reversal on support line.
Very good risk-reward ratio
Take profit @ 182
Stop loss @ 149.50
FVRRwatch 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 $50 MAX in a post-Covid world.
None of that means it can't go higher, as plenty of markets today ride extreme evaluations on no earnings or an unsustainable bottom line.
Upward trend remains intactOptions activity continuing to rise on this stock, starting to be noticed by the RH crowd.
Risky strategy but I think it goes higher in the short-term on way to earnings
FVRR - take profit while you still canThe world is coming back to work and I suspect they will largely have to stop gambling on the FVRR marketplace for their production needs. If things do unravel in this rally, look for a retest on the new channel @160, before going lower to Fib levels, as sshown.
FVRR- Profit taking timeFVRR has been outperforming many E-commerce stocks since early Sept. While overall E-commerce group is in red since early Sept crash, FVRR has bucked the trend and posted the double digit growth.
I think early signs of waning momentum are clear and it is a good time to scale back on the aggressive momentum strategy and do some profit-taking.
FVRR Fiverr continues the strong uptrend on a strong momentumFVRR Fiverr found support on the 4/1 gannfan line on 50sma and retested that bot creating a double bot after which the momentum picked up in a huge engulfing candle and staying very strong until now going up between the 4/1 and 3/1 gannfan lines. Most likely fiverr will break retest the 3/1 gannfan line and end up going to 1.272 fib level after the deep pullback it had to 0.382 fib level which will line up with the middle between the 2/1 and 3/1 gannfan line at 150$ price point.
FVRR Good for long term holdFiverr is a platform that connects contract workers with employers and serves a massive global $100 billion addressable market. Demand for flexible contract gigs has increased exponentially in the coronavirus era, and Fiverr's active buyers (employers looking for workers) exceeded 2.8 million during the recent quarter, with 300,000 new ones joining. Furthermore, clients are spending 18% more today across the Fiverr platform than last year. Fiverr has a high gross margin (83%-plus) and improving profitability and cash flows. Revenue also grew 82% year on year in Q2'20. And they also achieved quarterly adjusted EBITDA profitability for the first time in Fiverr’s history and targeting adjusted EBITDA profitability for future quarters in 2020. Good entry point between $110-$120 if it retraces.
FVRR BUY OR LONG , TARGET UP TO $170FVRR will validate the Pennant pattern today, and I will Open Long right now at current prices of ($120 - 122).
FVRR buy : 120+-2
FVRR target : $170+
Stop loss : 5%
Wish you a good deal !
Pinduoduo- E-commerce outperforms and boomsE-commerce will continue to have strong CAGR as the brick and mortal stores fold under the pressure and the whole world becomes even more digitalized in the future.
FVRR (Fiverr): Possible H&S PatternFVRR (Fiverr) is developing a potential Head & Shoulders price pattern, on the daily chart.
Neckline Support in red is approximately 60.27.
Downside breakdown target would be -14.6%, or 51.48.
If the H&S fails, FVRR price would need to breakout above 66.39, 70.47, and 73.57 to continue the uptrend.
FVRR Reversal Tomorrow$FVRR possible reversal tomorrow based on previous patterns, includes possible levels to buy shorts and points to sell long positions.
FVRR: Shortening at $60 than Surging to $84First off, please don't take anything I say as financial advice or seriously. As always, this is on opinion based basis. That being said, the sell price is set to $57 for Fiverr and it has a $8.75 spread. Given its recent bullish runs and retracements, I expect a buy order for $60 as a bid to be a reasonable target and then it is feasible to see it surge back up and even all the way to $84+ (I expect $85) afterwards.
$FVRR Breaks Out, More Room To Run$FVRR made a nice breakout after a strong Q4 earnings report. With 12.32% of the float short, there's more short covering to push the stock higher. $FVRR is a good ways off its 52-week high above $44 a share.
Fiverr International (NYSE:FVRR): Q4 Non-GAAP EPS of -$0.08 beats by $0.05; GAAP EPS of -$0.23 in-line.
Revenue of $29.53M (+42.6% Y/Y) beats by $0.83M.
The Fiverr platform connects businesses of all sizes with skilled freelancers offering digital services in more than 300 categories, across 8 verticals including graphic design, digital marketing, programming, video and animation. In 2019, over 2.4 million customers bought a wide range of services from freelancers working in over 160 countries.
As always, trade with caution and use protective stops.
Good luck to all!
$FVRR Technical Analysis $FVRR Fiverr is an online marketplace for freelance services. Founded in 2010, the company is based in Tel Aviv, Israel, and provides a platform for freelancers to offer services to customers worldwide. Starting to get more attention after bouncing from oversold territory when it hit 52 week lows here a few weeks ago. It's setting up to break 50-Day MA ($21.68) once over $22.00 confirmation of uptrend reversal. Not much resistance to $24.00 from here. First PT: $23.97 Second PT: $24.70 !
