$UPST - Coiled at the critical juncture
Updated
- Holding well into the supply and above key level at 38.
- Daily range is also quite tight, and for now testing 5EMA on daily.
- High short interest makes this a squeeze candidate going into October, with monthly bullish candle.
- IF can push off 45, 75 will be first target and volume suggests, higher price is attainable.
- Upside targets: 50, 60, 75
- Stop loss: 38.0
- Disclosure: Long via commons.
Trade closed: stop reached
Market gods are not ready yet. stop loss hit. will wait for it to reclaim 38 for a failed break down set up. no action until price shows traction.Trade active
I added back in yesterday and today on retest of 38.5, which will act as a stop loss now. still think there's some time for that 45 zone tested. That's been weekly supply last couple of times price has been here. I would like to see range tighten below that for a breakout.Trade active
Working perfectly. Weekly is showing incredible strength. Real move is ahead IMO. Has similar structure as the last time it ran up to 70.
Trade active
Boom!! On it's way to 70. No reason to do anything.Note
I got stopped out on the break of 52, but I see flag setting on the larger timeframe. I have bought back partial at 50.5 and will look to add above 51 on continued strength. I still think it has room to go higher...at least 75. Note
Boom!!! another target hit. I am going to sell partial here into strength and wait for test of 70.
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