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.