I have only 1 day's worth of DD on this symbol on my belt so i'd consider this to be more of a gamble than anything.
My data shows a Wykcoff distribution towards the last leg where the distribution would start to move downwards. If it's correct, tomorrow we'll see a really big gapper down on UPST around the $23-$33 range
Honestly i'm really skeptical of this trade but i have thrown a part of this month's salary on it by being long short UPST. This trade doesn't make a lot of sense and is likely to go extremely wrong for me, but i'm in and i'm going to try it simply because i need to test my theory based on my own data.
The best way to test a hypothesis is to just test it... I have skin in the game now... let's see how this goes.
I wouldn't follow me into this trade. This is just an idea based on very little data i've looked at and DD i've done. Basically, the company's fundamentals are in a really bad spot which is a perfect time for the company to suddenly announce something silly like debt restructuring which would make it's price go up a lot when everyone else expects it to go down.
E.g i think my short will be blown up by "Unforseen circumstances", but alas, let's see...
My data shows a Wykcoff distribution towards the last leg where the distribution would start to move downwards. If it's correct, tomorrow we'll see a really big gapper down on UPST around the $23-$33 range
Honestly i'm really skeptical of this trade but i have thrown a part of this month's salary on it by being long short UPST. This trade doesn't make a lot of sense and is likely to go extremely wrong for me, but i'm in and i'm going to try it simply because i need to test my theory based on my own data.
The best way to test a hypothesis is to just test it... I have skin in the game now... let's see how this goes.
I wouldn't follow me into this trade. This is just an idea based on very little data i've looked at and DD i've done. Basically, the company's fundamentals are in a really bad spot which is a perfect time for the company to suddenly announce something silly like debt restructuring which would make it's price go up a lot when everyone else expects it to go down.
E.g i think my short will be blown up by "Unforseen circumstances", but alas, let's see...
Trade closed manually:
I got out of this one barely alive.