FVRR (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 possible reversal tomorrow based on previous patterns, includes possible levels to buy shorts and points to sell long positions.
First 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...
$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...
$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)...