Upwork Inc. (NASDAQ:UPWK) shareholders should watch for a price move back towards the upper trendline of a multi-month consolidation/continuation pattern
Dwight Galusha | September 24, 2021 | SmallCapPower: Upwork Inc. (NASDAQ:UPWK) is curling off the lower trendline of a multi-month consolidation/continuation pattern. Watch for a price move back towards the upper trendline of the pattern followed by a breakout. A suggested stop-loss order could be placed at the lower trendline of the pattern in case of market failure.
Upwork is a global work marketplace that connects businesses with independent talent. The company’s community earned over $2.3 billion on Upwork in 2020 across more than 10,000 skills, including website & app development, creative & design, customer support, finance & accounting, consulting, and operations.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
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