Five-rr to one risk/reward!? Potentially.Fiverr - Short Term - We look to Buy at 38.44 (stop at 33.83)
Broken out of the triangle formation to the upside. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to set longs at our bespoke support levels at 38.44, resulting in improved risk/reward.
Our profit targets will be 61.39 and 80.00
Resistance: 40.60 / 44.36 / 50.72
Support: 38.44 / 30.40 / 29.04
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
FVRR/N trade ideas
Fiverr heading lower? Fiverr
Short Term
We look to Sell a break of 33.37 (stop at 38.56)
Further downside is expected and we prefer to set shorts in early trade. Price action looks to be forming a bearish flag/pennant. A break of yesterdays low would confirm bearish momentum. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 20.13 and 15.19
Resistance: 40.41 / 44.00 / 58.00
Support: 34.00 / 30.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Exploring the Gig EconomyRead articles here , here and here
I have long thought that Covid-19 is a game changer not only for businesses but also individuals as well. The way we used to think of job stability, 9 to 5 job has been totally shaken up with the emergence of Covid-19. So many tourism related jobs were lost when Covid-19 hit.
What we used to take things for granted, thinking it will stay as it always has HAS hit us hard on the face. It is indeed a wake up call for many of us, myself included. And people mindset changes along the way as they feel stuck at home.
Those who are digitally savvy went on to explore the world of online selling via live commerce, youtube marketing, TikTok, etc. Fortunately, there are loose pockets of business opportunities like short term assignments that are much needed by the business organisations that are available for hire. These trends were growing at a much faster pace during the Covid-19 period where Zoom meetings were the talk of the town.
WIth face to face meeting cut to a minimum, hiring the traditional ways was a hassle and since coming to work in the office is not feasible, the companies start hiring off site on short term assignments like editing work, translation, accounting, projects management, digital marketing, etc. And that market worldwide, imo will become a norm rather than a passing fad.
People got used to the freedom and the flexibility of managing their own projects along with their own personal time to do what they want. While they may not get the interaction between colleagues in the office, some downside, they get the upper hand of saving money from buying office wear , make up and even transportation costs to the city as well.
Chart wise, I think there are still selling pressure so I am in no hurry to buy now but putting this stock on my watch list. DYODD.
Fiverr to Hit Resistance? Fiverr - Short Term - We look to Sell at 89.12 (stop at 99.18)
Previous resistance located at 90.00. 50 1day EMA is at 94.00. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels. Preferred trade is to sell into rallies.
Our profit targets will be 62.15 and 52.88
Resistance: 90.00 / 100.00 / 120.00
Support: 65.00 / 50.00 / 45.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
About #FVRR AnalysisSo, For #FVRR breaking below 69 can push price around 65 and if it cannot hold than there's a high chance of price trading around 57.
However, I might think there's still chance of price to bounce from 70 level to 78. And for bullish I am still waiting price to break above 90.
NYSE:FVRR
Earnings leaders TodayEarnings leaders Today 2/17:
FVRR
DASH
TNET
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Be SafeWeekly time frame.
Often it is easier to see the steep rise of an arc-like structure on longer time frames. FVRR fell from an ugly top and appears to have formed a parabolic arc in 2020 and early 2021. This can be a long term pattern but has a predictable outcome.
Parabolic arcs fall on average between 62 and 79% (.618 and .786). An arc can fall more or less than this and often take a breather at the .5 before falling further. There is often a Head & Shoulders/Ugly top associated with the security before the fall but not necessarily.
No recommendation.
I do not short stocks as a rule. I am more the type to wait for the bottom to go long. I am not shorting this one, but chances are there is more downside left to go.
Earnings estimated 2-22-22.
Falling Wedge- Bullish- Gap FillFVRR catching my eye here as it's one of those stocks that can really move with volume. Holding a nice falling wedge with buyers starting to step in, some slight bullish hidden divergence on the RSI, Bullish bat (Alt Bat) Harmonic formed, and Bollinger bands squeezing as well. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime
- Falling Wedge
- Bullish Hidden Divergence on the RSI
- Gap Fill on the Upside
- Bollinger Bands Squeezing
- Bullish Bat Harmonic Pattern Formed
PT1- $123.46
PT2- $124.84
PT3- $125.52
PT4- $128.92 +
Fiverr Weekly setup$FVRR I have my eyes set on this for the longer term. Not interested in short term noise. Small cap company I personally believe in.
Looks like a giant falling wedge on the weekly timeframe currently into demand. I may think about starting a leap position here.
I’m not sure when but when this baby decides to reverse look at all that reward to the topside.
Bullish- Breakout PlayFVRR starting to look really nice here- confirmed double bottom off support, bullish ABCD harmonic formed (Not Pictured), along with a strong close on Friday to reclaim the 50-day SMA. Along with the symmetrical triangle its been holding on the daily timeframe is additionally is holding a massive falling wedge on the weekly timeframe (See Attached Chart Below)- Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout (Broader Market Conditions Permitting)
- Falling Wedge on the Weekly Timeframe
- Symmetrical Triangle on the Daily Timeframe
- ABCD Harmonic Pattern Formed
- MACD Golden Cross
- EMA's Starting to Curl Upwards (Not Pictured)
- Buyer Volume Picking Up
PT1- $196.98
PT2- $200.73
PT3- $202.22
PT4- $204.47
Weekly Timeframe
FVRRFVRR ending diagonal + Double Bottom + Potential Island Reversal. Confirmation of it being an ending diagonal comes from the 3-3-3-3-3 wave sequence within the sub waves. Two AVWAPS are shown. The longer term AVWAP acting as support, and the shorter term on off the ATH has been acting as a resistance. Lots of noise on this chart so I'm waiting on for it to break the shorter term AVWAP and re enter into gap territory. Once the gap is filled, I'm expecting a pullback and then a wave 5 continuation, with the distance being somewhat similar to that earnings gap. (edited)
Slight pullback for to finish filling the gapFVRR is in the middle of filling a large gap, but there are several resistance levels on the way. FVRR tends to respect these support/resistance levels, and consolidate for a bit.
+ MACD/RSI/5 EMA w/BB are great indicators to use to help determine if the price will fall
FVRR seems to be a contrary stock, so while the other top stocks (i.e. MSFT, FB) may be entering a downtrend soon, FVRR looks to be in an uptrend
$FVRREven after the recent partial recovery, FVRR still trades 40% lower than all-time highs. Is this a buying opportunity?
The answer to that question depends on how long you believe FVRR can sustain elevated growth rates.
Wall Street consensus estimates call for FVRR to grow revenues by 51.66% this year (which would be the high end of company guidance), followed by 31.2% and 27.2% growth over the following 2 years.
Fiver fell just under 2.10% yesterday but still looking very bullish in my personal opinion.
We have a double bottom on the daily w/ also a gap to fill.
When you look at the daily, we also have a nice clear curve which suggest it’s getting to pop.
MACD looking ready to continue its push.
While the RSI is sitting above 50.
I suggest keeping this on your watchlist.
- Factor Four