UPST Gartley + island reversalish pattern
Updated
UPST is a story stock (AI, disruptive) with unfortunate macro headwinds. If the tech turns out not to be smoke and mirrors, it could be really disruptive. Possible buyout target, but unfortunately nobody wants to throw around 4 billion these days. Except Elon, LOL!
No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.
No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.
Note
Well if I have to be honest we are now looking at a bearish island reversal. I think I need to do some more DD on this company if I'm really going to hold this for the long term. Hopium is not a strategy.Note
Another devastating drop, now trading at the IPO price of 26/share. Still have not really checked on the tech, leadership, or competition.Note
And the dip keeps dipping. 24.17Note
It should be noted, the ATL, within 1 hour of IPO, was 22.61.Note
Maybe wait till after earningsNote
Current ATL is 22.42. Forming some kind of consolidation pattern.I'm thinking this flushes out (breaking ATL) before coming back.
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