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!
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Note
The stock broke the neckline at 165.6$, retested and continued downwards. Targets remain the same.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!
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.