Take Profit UPST now ? or NoWhat happen with USPT on next week? You want to hold it or set stop loss now. Look at on the chart, base on the chart and my tool I will set stop loss on Monday
UPST trade ideas
New HIGH PerformerUPST, is a new high performer getting too high for its range, but if we look in the chart, we can see that there is a first pullback, a second pullback and now we it looks like we are onto the third one, as we know, these kind of one time runners, pullback only three times at its best conditions, being the third the riskier one, this third pullback usually only bounces to the last resistance, which is the new high resistance.
We could also see that the next to last candle, was a red one closing in the middle with pretty high volume, and the last candle (which is the important) closed in the low end of it with no volume at all. This shows how buyers sold their shares, as for the moment we only have the momentum of the stock, not the supply acting.
If you were up to date, you could have entered in the first and second pullback if you have an aggressive approach, getting some great benefits.
But for the more conservatives, we can expect this stock to give the last positives profits of the week, as we expect it to form an AR (wyckoff) giving us a new support were we can enter.
Hope you have a great day.
$UPST Lightning pattern reversal zone See chart for price reversal zone, chat rooms got loaded in this 60's-50's bc Cathie Wood was buying, hilarious they check everyday to see what she added and feel ok even down 20% plus. Horrible idea, if your furu plays this game run!
lots of support coming into play herebounced off previous resistance which is now support, rsi dip entry and trend line support. target 100 in the short term and higher if 52w highs break!
UPSTMy entry was a bit premature. But I like the sector its in and their business model.
Just an idea.
$UPST - strongMegaphone pattern.
It's an IPO so it can reverse at anytime. Today it did not disappoint
Rising wedgeUpstart got nice price upgrade for 57$ with buy ratings from some analysts. which help push it to 63. tomorrows channel top will be 65.76 (Greenline) , if it can't break thru expect a break down which typically is what happens in rising wedge patterns.. Breakdown targets are Redlines
How do you evaluate the upside potential on new IPO's UPSTSo Upstart looks like a really exciting company.
Ex OG google brain started up this AI lending system that beats out traditional models by a lot.
I like the team, I like the idea, and it's performing well.
with already close to 200% up from it's IPO price though, I'm weary to jump in.
Market cap is at 4.5B which is a little high for me cuz I usually target small cap stocks.
The lending industry is multi trillion dollars though so technically this thing could shoot to the moon.
Would love some advise on how to approach this trade.
