UPST Long PositionHi traders,
Looking at Upstart Holdings (UPST), we can see that it has formed a descending triangle pattern over the past few months.
Based on Upstart Holdings' recent strong performance and positive market sentiment, there are compelling reasons to consider a long position in this stock.
Recent developments such as partnerships and expansion efforts highlight Upstart's potential for continued success. As the descending triangle pattern forms, there is potential for a breakout to the upside, further supported by the positive momentum in the broader market.
Consideration of a long position may be warranted upon confirmation of a break above the upper trendline.
1st Take Profit: 35.83
2nd Take Profit: 48.83
Final Target: 72.05