UPWK
UPWK BUY OR LONG , TARGET UP TO $21 The UPWK "Cup and Handle " pattern has confirmed at $ 15.5 and a small resistance just above has confirmed a pass, now it's a good time to buy.
The price is above the MA200, which shows that the uptrend has stabilized.
UPWK buy : $16
UPWK target : 20.5 +-1
Stop loss : $13.8
Wish you good deals!
Upwork ready for another leg higherStop 2 is very wide to prevent against intraday spikes. A close under Stop 1 is my manual stop point. Stop 2 could also be used for conservative position sizing.
UPWK new Target 17+heading to next resistance once it breakouts out of the frypan bottom resistance channel
UPWK looks to retest the 13s by the end of June or early July11.85 seems to have made a very strong resistance and UPWK has been moving in right direction in the bull triangle for awhile. Price could fall back to 11.85 in the next day or 2, but this will probably only delay the move back to the 13s. Patience will be key here.
Lines Legend
1. Horizontal lines: Used to mark out major resistances and support based on points with larger trading volume (buy & sell), as well as any gap(s).
2. Diagonal lines: These are trend lines to mark out the price points that would if the stock is still bullish or bearish
Technical indicators used
1. VWAP
2. EMA
3. RSI
FIrst post on tradingview, but I have been working with these tools and made a nice run over the last year. Let me know your thoughts :)
