UPST ready to run higher

NASDAQ:UPST   Upstart Holdings, Inc.
UPST on the daily chart is 65% below its highs of March 22 . It rose above the long term POC

line of the volume profile two months ago after a favorable earnings report. Another earnings

will report in a month. There has been very little trading above the current price in the visible

range. This means there is little volume resistance to price rise. Price is presently at the

longterm mean VWAP anchored 16 months in the past and got there by rising from the support

of the line one standard deviation below the mean aVWAP. On the zero-lag MACD, the lines

have first crossed under the histogram and then ascended in parallel above the zero line in

yet another sign of bullish momentum. Lastly, the three in one indicator including money

flow is all green.

I readily conclude that UPST is set up well for a long swing trade targetting just below the

mentioned swing highs and so $160 or so. This would be about 200% while setting a stop loss

at $50. I believe the trade offers a great potential reward to risk and so will open this

position while identifying an entry on the 15-30 minute chart looking for a pivot low.
Trade active:
The price moved up 3% then faded 1/2 of that. Stop loss moved to break-even. Trade is now risk and stress free. Idea validated quickly. Accordingly, I have bought a call option with a strike of $60 for August 18th.
Trade active:
Big surge today and then a pullback. Added to the position on the intraday low. Now trading without risk overall position has unrealized profits. Will take a piece away on
Friday morning.
Trade active:
Nice leg up after the intraday pullback. IMO shorts are fearful and getting obliterated. They may be liquidating their positions and adding to the buying pressure. No matter it is all good.
Trade active:
Another pop now watching for a pullback. Closed 20% of the position Now on watch
for a pullback from which to reload. On the other hand, a squeeze could be pushing
price up in continuation without a deep pullback. Time will tell.
Trade active:
Indicators are suggesting a top or even an impending reversal including the mass index. Accordingly, I am taking another 30% off the position and will watch price action for continuation with the remaining 50%.
Trade active:
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