$UPWK - WATCHLIST -
Added 2023-12-18 15:48:24 +0000 UTCOk this should be on peoples watch list:
- Wave 2 held the 0.618 Fib at $10.14
- Wave 2 move down in 3 waves.
- Price is now above the 50 and 200 Day MA
- Price is about to test the Bull Case line and previous high at $15.88
- A break above this level and holds, then Wave 3 is confirmed.
- Wave 3 target is at $26
Comments
can start to buy now?
Jedi
2023-12-19 11:56:26 +0000 UTC$15.88 is "resistance" because the SP has tried and failed previously to get above this level. When SP goes above $15.88, at some point it will fall again. How far it falls is determined by where the "support" is, and we want it to "hold" at or above $15.88. We don't know where the new support level is until that plays out. You might also see that referred to as "bouncing". I think of it as ceilings and floors. Anyway, hope that helps
Steve Cullip
2023-12-19 07:01:13 +0000 UTCG when you say a break above these levels and support, what does that mean exactly? Does it need to break that price and trading has to end above it? And as far as holding does this imply it not going below the day after?
Adam R
2023-12-18 19:28:17 +0000 UTC
