UPSTD trade ideas
Upstart bounce off 110 support , I have been watching UPST for a couple weeks now and have had some good trades off of these bounces,
Upstart has developed a range that I suspect is indicative of increased WSB speculation mixed with institutional investing and value buying.
There are a lot of orders lining up at at 110 _ always confirm with the tape before taking any of my setups as I am an amateur and mainly scalp price action around key levels .
Not advice just sharing.
Thanks for looking .
$USPT - Gorgeous Consolidation on Increasing VolumeThis chart is looking better with each day that passes. USPT has been consolidating for the greater portion of a month, while consistently testing the 126 level and creating higher lows in the process.
Volume has been steadily increasing throughout the month as buyers aggressively and consistently step in after each rejection, leading me to believe that we likely break this 126 level soon. Lots of bullish action taking place in this ticker, it's only a matter of time before sellers get exhausted and we make a large move upwards.
Once 126 breaks we likely visit 134, and above that 144.
All that being said, stay patient. This trade make take a bit longer to play out than originally anticipated.
Know your levels of possible actionsIt's very important to know your level of actions, to know what is the price range that a target can fits in.
In this example, if you look on the left chart, we had upst that was going up at the open of the market. Its ATR was around 18. It opens around 152.......but but but.... look on the right daily chart >>>> THERE WAS NO WAY THIS THING WAS GOING HIGHER THAN 164$.
So while analyzing a stock before the open, you need to know what is the next level of price, so you know if your target (within the atr) can fit inside or not ....so you don't keep chasing the moon for nothing :)
Position trade on UPSTUPST is sitting on the 50 MA for a while. There's an interesting consolidation going on. It can break down or breakout in the next couple of days. I'm planning to add a little bit here and then average down until 90's. If we get down to the gap and close below $80, I'll get protective puts on my position. Let's see. There're many hammers in the past days, but MOMO algo is still indicating short. I like how volatile this stock is and when it runs, it runs a lot! (average $13 on a day).
UPST - Short first then LONGKEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
⏳ Analysis TF - 15 minutes
A correction is possible with plenty of room to move lowed without impacting the trend higher
Looking to buy at dips
Retracement to support area
Analysis / Trade Setup / Long and then short
± Short-term Bearish # Long term-Bullish
± Support and Resistance in play
± Major Falling broken
± Bullish trend reversal
± Go long for more pips from 80
± HAPPY TRADING
UPST | Breakout | Swing UPST - DAILy chart, SWING!. Consolidation is going on, It may go down to 114$ one more time before break out at $128 or break out at this level.
Prior, it took 7 days to reach 100% profit. Around Same time to reach 100% loss. Momentum is fast!.
Volume is around 5 Million last 9 days.