FVRR/N trade ideas
Heikin Ashi Saves the Day for FVRRHeikin Ashi 1MONTH Chart
With FVRR using Heikin Ashi Candles ; shows the trend more clearer, even on shorter timeframes.
I find that FVRR needs HA because it is a low volume stock.
Low volume stocks tend to get blippy with the candles, and then comes in Heikin Ashi to solve this dilemna.
HA used in conjunction with the ELLIOT WAVE THEORY can lead to huge gains.
FVRR to Bounce off 50 day MALook for price action to bounce off the 50 Day Moving Average ($202.25)
This should pull back a bit, then reversal off the MA.
I like to make up my own thing when it comes to Elliot Wave Theory Technical Analysis.
Besides, rules are made to be broken.
$FVRR -- SHORTVery clearly a megaphone top with a sizeable bearish divergence on the RSI supporting the megaphone pattern, looks like a short to me!
FVRR oversold reversalFVRR oversold from the vaccine news. FVRR's momentum is showing signs of a trend reversal. FVRR closed at a previous resistance level, we need volume to confirm a breakout above the 166 level.
Short term price targets:
$181
$191
Fiverr International breaking out to new highs after earningsFVRR is looking to make new highs. It could go straight for the moon or may stop to form a cup-with-handle first.
A 10d ATR (x2.7) stop loss at 142.51 could work now and is near the bottom of the base and the 50d MA. Keep a small position size of R5.31 to control risk.
Stop 142.51
Position Size R5.31
Can we get fiverr 184$+ ?Hello we can see good long way if we go above 163$ (+/-) and go over 184$+
and go short below 150$ (+/-)
Just my idea Not a recommendation
Lil update on a Short on FVRRdidnt close last time it was at 140s and held on bounce
Trying to get this time at 150 & 145
Star Stock Fiverr seems to be creating a temporary topNYSE:FVRR is one of the few stocks which had an amazing run in a very short time and might be dangerous to short but we only need to trade the charts and tighten our stop. The stock is creating a double top at around 183.5$ and should retest the neckline at 165.6$. It will either bounce to retest the high or break down to target the buy zone between 151.8$ to 155$ and then the double top target of 147.6$, if the stock bounce and breaks the all time high, it will target 201$.
Be aware earnings announcement in a week time!
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
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.
Loving FVRR but possible retracekeep an eye! Short under ATH with stoploss over it, and switch sides if its the case
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 Long - The next market leader?Now is the time to invest, because Fiverr is going for a big play!
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Checkout my fundamental and technical analysis below and let me know what you think.
Fundamental Analysis:
Fiverr is a service offering freelancing jobs, they produce digital content based on branding. According to the below analysis we could be looking at the next market leader of services (AKA the next NASDAQ:AMZN ):
- Since the COVID crash halfway of march the bull trend has started
- People lost their jobs and got more spare time to learn new skills and find news jobs (AKA Fiverr)
- People are now more then ever subject into doing freelance work
- Revenues are increasing exponentially every quarter so far
- Gross income vs net income are nearing break-even
- They invest around 10 million dollars in research and development each quarter
Technical Analysis:
What we can see is that the trend is shifting to a more aggressive bull-run as of september 21th. Things I see on the chart on the short-term:
- Trend is getting more steep towards a bullish
- We are now at all time highs for Fiverr
- Higher lows and higher highs
- Possible Elliot Wave pattern ending soon at (E)
- Calculated risk: possible bearish divergence starting on the short-term or around (E)
If the ABCDE wave ends here, we could se a drop to as low as 165 or even 151 which will indicate an Elliot correction wave.
Trade safe, stay safe!
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I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
Just keep Dollar Averaging in to your position.When there is no dips to buy into FVRR .... you need to just buy at any chance you get.
Increase your position over time.
