FVRR trade ideas
FVRR, Time To Buy?Hello fellow traders and investors, here's another trade idea.
FVRR has recently pulled back to the SMA50 and very close to the trendline, previously FVRR tends to make a reversal whenever it approaches the trendline. If FVRR makes a full recovery it offers a little bit over a 36% ROI .
Technicals:
The Macd indicates that FVRR is oversold
The Ema's indicate that Apple is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling when it reaches the upper trendline.
I hope you enjoyed the quick analysis, make sure to leave a like and follow for more trade ideas.
Thanks
BUY $FVRR - 03.01.2021Stockonomy Weekly Pick 03.01.2021
FVRR has been on a strong uptrend and is a growing business in the online entrepreneurial space.
Price pulling back to key levels + Extreme StochRSI represents a good buy opportunity.
"Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes approximately 500 categories in eight verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle. It also offer And.Co, a platform for online back office service to assist freelancers with invoicing, contracts and task management; Fiverr Learn, an online learning platform with original course content in categories such as graphic design, branding, digital marketing, and copywriting; and ClearVoice, a subscription based content marketing platform for medium to large businesses. Its buyers include businesses of various sizes, as well as sellers comprise a group of freelancers and small businesses. The company was incorporated in 2010 and is headquartered in Tel Aviv, Israel." (Yahoo Finance)
$FVRREntry price : 197.65
Fundamentals :
- Sector: Retail - Internet
- EPS % Chg (Last Qtr): 200%
- EPS % Chg (Previous Qtr): 163%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 88%
- Sales % Chg (Previous Qtr): 82%
- 3-Year Sales Growth Rate: 48%
- Annual Pre -Tax Margin: -14.9%
FVRR#FVRR, a cool paper that has seen 500% growth in recent months. Initially, the C&H pattern was formed and executed successfully. Then there was growth, and now the upward movement began to slow down, in such cases the Wedge pattern is formed (look at the white lines). Growth is expected from the level of the current price until the end of the 5th wave in the Wedge (see the yellow circle), after which the paper will go into correction (shown by red arrows).
Fvrr updateI called tops on this a week ago and that was premature. RSI , MFI and heavy volume is saying that this channel break out is for real. Right now it's riding that uptrend (yellow line) nicely. Until it breaks that uptrend line I won't even consider this pulling back.
339 is the next fib target and with earnings next week it might hit it sooner than later