Thread by @malteseinvest

Analysis: #NASDAQ $UPWK

Case 372 #Upwork Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#UPWK 1/4

Chart 1
Weekly Chart: A strong break was seen above Feb. 2019 #trendline resistance followed by a break/hold above the #SMA 50 in May 2020. #Momentum is positive and we expect the #bullish move to continue. A close .....

UPWK 2/4

..... above 18.52 targets the #Fib. 0.786 at 20.79 quickly, future up #resistance at 22.06/78 (#pivot/Fib 0.886) a close above the latter will eventually target 27.66, then 30.48.

UPWK 3/4

Chart 2
Daily Chart: Immediate #support seen at 13.95/80 then the SMA 20 riding the Apr. 2020 trendline at 13.58.

The #Strategy is printed on the image.

$UPWK 4/4