$UPST - Possible mega gapper

leenixusu Updated   
NASDAQ:UPST   Upstart Holdings, Inc.
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...
Trade closed manually:
I got out of this one barely alive.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.