Hey, what's going on team, it's ricky with tackle solutions, so fiverr recently reported earnings causing the stock to drop one of the very popular things within this channel, and that a lot of our viewers ask us to do is to always be on the hunt for cheap Stocks uh. The reason i find fiverr to be so attractive is, if you actually look into their earnings report q2, they ended up beating expectation, uh the revenue everything surpassed, not just overall expectation, but as well as the revenue as well. It was just due to unfortunate outlook as the world transitions back to normal and leaves pandemic conditions. Fiverr was a company that thrived during pandemic conditions, which, again the idea of continuous growth to this degree, is something that a lot of investors left asking themselves about.

As you guys could see, fiverr recently pulled on back and it's currently trading at a hundred and seventy dollars when it comes down to the support level. If we use this little trendline tool on the weibo platform from where we're at as of right now to previous all-time highs, again that being the goal, you can see that this offers a little bit over 54 potential for an overall recovery, which is exactly why i'm Making this video, i view it to be a dip by opportunity. One of the things that you should be asking yourself is right away. Is it time to buy right now, or should i wait and at the end of the day, fiverr, even after reporting, earnings on thursday has still been dropping a little bit consolidating around 170 to around 180 and it has not indicated signs of a reversal just yet.

As you guys can see, i have an alert set here, but also fiverr can easily continue to sell off so make sure you take that into consideration before aggressively buying the dip. I normally like to invest or take a position with a 10 position size before an overall confirmation, if i see there to be that much potential or opportunity fiverr meets that criteria so within this video, which is why i wanted to uh. Take my 60 share position on fiverr, which is a little bit over ten thousand dollars, which is equivalent to a 10 position with the set dollar amount that i intend to invest in now. A question you might have is well: when will i decide to buy more once this thing actually begins to indicate signs of an uptrend and it breaks above 180? It breaks back above 200, which is where it used to trade at.

I would love to be able to add more to my position size if and only if it begins to indicate signs of reversal. Until then, i have some skin in the game, but the idea behind that skin the game is that if fiverr continues to sell off, i have a light enough position that i can tolerate that pullback. So if you're gon na be asking the question, should i buy all in right now? If you decide to do so, the risk that you are taking on is hoping that it reverses right away when it can still continue to drop. So, yes, there is greater opportunity.

If you buy in aggressively just as there is greater risk involved, as we have no confirmation of a support and no confirmation of a reversal, let me know what you guys think about this, but all together on the day, i was able to make a little bit Over twenty seven thousand dollars profit so far, a lot of this coming from robin hood, uh and and how it's been trading today. So if you guys look at robin hood stock alone today, i believe it's up a little bit over eight percent. As of now at one point today, uh it was up a little bit over 13. I have a light position on my weibull platform.

I have a much heavier position on my fidelity platform, as you guys can tell, and the amc position is something that's dragging me down just a little bit as of right now. But if you look at this on the one day, one minute chart a question you guys might have is well ricky. Where do you plan to sell? Why plan to lock in profits on robin hood stock? I don't plan to hold this overnight. This is simply a trade, so make sure that you understand that so as robin hood sold off, i viewed this to be a dip by opportunity.

We began to trade above the ema line, and this is where i began to aggressively add more to my position. Now. Robinhood is consolidating right around 56 57 if we break above 58. All of this is an area where i would be happy to lock in profits on robinhood stock i'll be sure to follow up with my overall position.

If you guys are part of learn, plan profit, i'll post it there and if you're not, then i'll be posting on my instagram as well, which is linked down below friendly reminder. If you guys want to join our learn plan profit group they're, the only group that get to watch me - trade live every single day. A question you might ask is: do you need a course to learn how to trade? Of course not right? There are so many different ways on how you can learn by yourself through trial and error. At the end of the day, if you are someone that learns better with structure and with assistance, i would encourage you to click.

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For. One of our live trading sessions, so if you would like to work with me on a closer basis, then again that is the best way in doing so. So i appreciate you guys this time continue working hard continue. Let your passion be your job for your success.

I hope and wish you guys an amazing weekend and if you guys like when i make videos about stocks that have recently sold off, make sure to drop a thumbs up and make sure to subscribe. Like always, let's make sure that we in the year on green now take it easy team.