Weekly 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.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.