UPST: pullback in progress
~Ever since it opened in feb at 44 bucks, it has been growing fast and is at 270 rn
~The uptrend we are in now is in the midst of a pullback and is a good replica of the one on Aug 18-20
^^Support zone 1 at 260-263: should bounce here to around 276 resistance before going back down to a PT: 255
~I would play puts in parts
Part 1 with a PT: 262.50
Part 2 entry at the bounce to 276 with a PT of 255
~After we confirm a bounce off 255 support, swing long 3 weeks out
~Ever since it opened in feb at 44 bucks, it has been growing fast and is at 270 rn
~The uptrend we are in now is in the midst of a pullback and is a good replica of the one on Aug 18-20
^^Support zone 1 at 260-263: should bounce here to around 276 resistance before going back down to a PT: 255
~I would play puts in parts
Part 1 with a PT: 262.50
Part 2 entry at the bounce to 276 with a PT of 255
~After we confirm a bounce off 255 support, swing long 3 weeks out
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.