Upstart | UPST | Gap-Fill Below
Updated
Upstart Holdings ( 
UPST ) is likely to *eventually* fill the gap below (between $62.26 and $75.15) and may go for $45 (or lower). Insiders have dumped almost $1.8 billion shares since it entered the market. Is now a good time to enter? That's a hard call. There is a small gap just above the current price that may want to be filled and it could go for resistance again. However, this will likely follow the market moves. If plays start skyrocketing, it'll likely go with the flow. But, if the indexes tank further, I expect this to be right behind.
UPST has a 72 million float with a 14% short interest (as of March 15, 2022), so careful of a squeeze down the road if the indexes reverse. Otherwise, in the longer-run, I anticipate the gap below to be filled at a minimum.
UPST ) is likely to *eventually* fill the gap below (between $62.26 and $75.15) and may go for $45 (or lower). Insiders have dumped almost $1.8 billion shares since it entered the market. Is now a good time to enter? That's a hard call. There is a small gap just above the current price that may want to be filled and it could go for resistance again. However, this will likely follow the market moves. If plays start skyrocketing, it'll likely go with the flow. But, if the indexes tank further, I expect this to be right behind.UPST has a 72 million float with a 14% short interest (as of March 15, 2022), so careful of a squeeze down the road if the indexes reverse. Otherwise, in the longer-run, I anticipate the gap below to be filled at a minimum.Trade closed: target reached
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