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UPST

Gme run this week? As stated previously in my last Idea NYSE:GME has been following a clear pattern for nearly 3 weeks now. Making new highs every 4 trading days(H1,H2,H3). Last high was made 2/2 so 4 trading days from that would be this Wednesday (H4). I expect to trade flatish/down Monday and flatish/down early Tuesday and to start going up mid/late Tuesday. I believe we can reach $25 on the next new high and when we do hedging of the option chain will cause a large run up. We are very strongly inversely correlated with TVC:VIX and as long and it keeps its downtrend I expect gme to continue its uptrend. I am hoping gme will do something similar to what NASDAQ:UPST did last week. It too was following the same pattern gme was. When it made a new high in the $20 range it exploded upwards to $25. I believe that happened because of the heavy options interest at $20. gme was trading at 25 for 3 months so I'm hoping the options at 25 can rocket it forward. Interestingly even after breaking out upst still appers to be following the same pattern it has been indicating its run might not be over. I will be keeping an eye on it. Failure to delivers on gme and etfs it is in have picked up again stocksera.pythonanywhere.com and the starting date of covering them is this week. In addition, the put/call ratio on gme has become very call skewed www.barchart.com adding to my belief the option chain can propel us higher. While I am hoping gme runs this week I will be happy as long as it maintains its uptrend. I would keep an eye on vix and other "meme stocks" and if they are staying on trend I will remain bullish on gme. I have noticed that the general pattern for the next leg up is 1. vix goes down hard 2.gme iv goes down hard 3.gme goes up. So if you are thinking of entering in an options position, I would wait for gme iv to crush as a signal to buy.
NYSE:GMELong
by J2DP
4
Upstart Holdings - Reddit Is Not Your FriendI came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it. Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the description, this stock sounds like one of the many crypto ponzis, except it trades on the NYSE instead of FTX. This chart is complete only with monthly bars and a small note for a reason. Look at the monthly bars. It's already at an all time low. You really need to zoom out and understand the macro situation when you trade. Otherwise you're just gambling. Just trying to get rich quick. Trading is self cultivation and you need to take it a lot more seriously, or you'll destroy yourself. UPST isn't going to bounce. It's going to $0. Reddit is something you should stay away from. There is a heavy Marxist-Leninist faction there. Additionally, it is not a social media site. It is a social marketing and social influencing site. You think you are looking at other users organically talking to you, but you're really looking at a botnet and a public relations firm who are bringing in dead money to buy whatever bags the advertisers are paying them for. Anyways, some scary signs on this stock are: Earnings are August 8 Dip to buy was granted on July 7 Reddit posts like dude with 79,000 shares and a "2.27M bet" on UPST appear A number of other chatter appear on Reddit around the same time using reverse psychology encouraging bagholders to HODL Chatter about shortsqueezes Company had a good earnings in May and fell 35% because it "slashed its outlook." Q2 earnings were pre-released also around July 7. They're not good, which generated the dip. Week before earnings it starts to pump, which takes out short sellers Maybe you think that it will rocketship up because it's down so much Anyways. You should know that nobody on Reddit wants you to be financially secure, wealthy, happy, and rich. Instead, they seek to bankrupt you, corrupt you, and have you destroy your life while you hold their bags. For example, a few months ago, the London School of Business analyzed options trading data using OPRA codes that allowed them to pinpoint retail activity. They found retail lost $5 billion trading options during the biggest bull run in stock market history. Much of the losses were correlated with times that memestocks were being promoted on r/WallStreetBets. The promotions started when things were already up, so you'd go buy calls on HOOD, it would dump, you'd lose all your money, they'd laugh at you and then go to the strippers. Google "WallStreetBets and Gamestop Crowd Lost $5.27 Billion" and read the study yourself if you don't believe it. Be careful.
NASDAQ:UPSTShort
by LordWrymouth
11
UPST to $30! Major Market Wipeout coming.. Look out!UPST or UPSTART is still extremely bearish. Today we are looking at UPST on the Monthly Chart. Previously we offered a quick short day trade opportunity that worked out amazing. See related ideas. However today we want to take a look at the MACRO picture of the stock. Most Notable we made a higher high on LESS Volume or Participation. This is an indication for us that the market is possibly looking to reverse. Secondly we consolidated and broke down from key structure int he 150 range. in Face we formed a Bearish Flag As we evaluate Structure. We are estimating a 80% minimum drop from the high of the corrective move. Doing so would get us into the $30 range on UPST. Much like most of the market and cryptocurrencies we just see big bearish patterns and indicators everywhere. Not only do we thing the bottom is NOT in.. we think the selling has really just begun.
NASDAQ:UPSTShort
by Thecontrariandaily
9
$UPST Gap fill or sub 20Upstart - not really sure what they do ;0 - but the stock is up 15% today so someone is buying here Bull case - Nice close above 10day MA , is a start to possible upleg for the 76.23 gap fill , currently trading around $50 implying a $26 dollar move. Bear case - a new high is not made and upon rejection lower lows targeting $20 zone or less, implying around a -30$ move With the giant gap above I think it's important to remember supply and demand here - most holders who didn't sell are sitting higher above (supply), seeing their ticker have +15% days is very promising! As such they are holding (bag holders), until break even at least or more, hence there will be heavy supply once ticker gets to this zone but not much until then, for those people already sold. And now we have demand/ buyers with bottom fishing who are currently up depending on entry. They will sell along the way causing dips, however many who bought in 30's and even 40's are green and holding for more. Hence under the above, Demand should outweigh supply until gap fill zone... Trade idea for bull case - Calls are expensive and I want time here, so JUL 60/80 debit spread, as given the supply area will most likely IMO overwhelm demand after gap fill . Trade idea for bear case - bear call spreads for less risk or naked puts a few months out with $37 being first target. My bias is to the upside Cheers
NASDAQ:UPSTLong
by FriscoTrades
Upstart | UPST | Gap-Fill BelowUpstart Holdings ( NASDAQ: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. NASDAQ: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.
NASDAQ:UPSTShort
by NicksAnalysis
3
Technical Analysis for Risk AnalysisTechnical Analysis should be used for Risk Analysis, not just for deciding if and when to buy whatever it is you want to trade, whether it's stocks, crypto, forex, indexes, ETFs, REITs, mutual funds, etc. When you know the technical patterns that point to higher risk, aka sellers gaining traction, you can get out of long positions before the retail crowd and its small fund managers react late to earnings reports. It is NEVER the largest institutions, who we call the Dark Pools, who are selling on earnings announcements. It is ALWAYS the less informed who buy or sell on big news days. This is what we at TechniTrader call "Relational Technical Analysis"--the application of what we know about the market participant groups to discern who is doing what in the technical patterns of a chart. For example: UPST was a struggling IPO anyway. The typical IPO top and drop occurred in October-November. 99% of new IPOs do this. Learn to sell at the peak of a speculative new IPO. That means you must learn what speculation looks like in the charts and how to recognize the top developing so you can get out before the drop. But today's lesson is about the specific set of negative technical patterns developing ahead of Upstart's earnings report yesterday after the market close: 1. A trading range was developing lower highs and lower lows. 2. Compression of price at the low end of the range. 3. Declining Accumulation/Distribution over the sideways action of the trading range. These are what we at TechniTrader call the "footprints" of controlled rotation out of the stock ahead of the earnings press release date. Please like and follow if you learned something new. Learn more at my website.
NASDAQ:UPSTEducation
by MarthaStokesCMT-TechniTrader
Update to my recent ideaI posted a bullish UPST view recently, but I want to add some important observations that should be noted for anyone playing this tomorrow: -I can't pretend that unfilled gap from last April-May around 61 doesn't post a major risk here. However, take a look back at the price action last May earnings and you'll notice a common theme, namely, pre-earnings the price came off a bullish anti-cypher harmonic and tested that lower 80 level at the top of the gap for support going onto the report (not shown in chart but take a look for yourself)... due to the high short interest at the time and the earnings beat it absolutely took off to the upside post-ER. Fortunately for UPST bulls currently, heavily shorted and Friday it did the same thing where it tested that upper gap and held so I believe if they impress with this report it will not need to fill that gap (just yet). However, I will be hedging accordingly. The May 13 options are priced for a move to 61-107 (wow)... everyone's thinking it, I'm just saying it THIS REPORT NEEDS TO BE $$$$ - Support to the bullish view can be seen clearly in this 2 hour interval view with that stochastic RSI and the RSI primed for liftoff; furthermore, double completed bullish harmonics coming into this with the same anti-cypher pattern in the most recent harmonic - If this pops it needs to keep in the upper section of Gann fan for continuation - it needs to keep up with time - Please refer to the RSI at the 1D level (i.e. see my last post or refer to it on your own chart) - I did a full statistical eval. on the performance over the full history of UPST using RSI as a sole trade signal and it was very impressive. 88% reliability (measured this by the percentage of successful trades, e.g. if RSI purple crossed above yellow and upside move materialized that = successful trade, and vice versa for bearish crosses). 54% capture rate (this is actually extremely rare for trading with a sole indicator, but the idea is after a signal how much of the move on average did the signal capture, e.g. from open long to close long). Average upside move after bullish crosses was +65%... this thing can swing! Expectations Bullish case: gap to low 100s and if we see continuation it can run to 114, 120s, 150s, low 170s.. the extent of this continuation (i.e. which of those levels will actually be realized) will depend on market environment and/or if the short interest data are up to date (I'm seeing 28.5% short float, 2 days to cover so this can happen fast if it does move to mid 100s I wouldn't be surprised but I don't think it will be sustained unless whole market squeezes, 38% recent short increase). After bullish run ends (possibly low 170s but I'll be taking profits at 120-150 tbh) I would not be surprised if this whipsaws and fills that gap down to 61. Bearish case: on a miss this could get hit down to gap fill and, hate to say it, but that downward momentum could send it on continuation down to around 35.. I didn't include elliot wave in this but UPST is, after all, trying to complete a rather funky corrective cycle before beginning next bullish impulse cycle. If someone has that corrective count mapped out I would be very interested in seeing it because I couldn't quite pin it. Good luck to all, not financial advice but expect some very interesting and volatile price action in the weeks to come.
NASDAQ:UPSTLong
by JerryManders
7
Start her up...This has the setup to really go, point target = 155 by May 20 (the yellow highlighted date that is covered up (oops) is 5/20). - target range is 130s to 160s by May 11 - early June, depending on if the price can keep up with time! - initial/moderate target is 114, which is a statistical adj. target, I'll likely play calls with this as goal target by May 20 (and if I get more, i.e. 130-160, that's great) - if it falls out of fan off the recent low I'd expect a test of around 64 and would re-eval from there. Need to see how it reacts with market post-FOMC, plenty of upside to be patient here. Some aspects to note on the side/apart from chart: - Very heavily shorted this could easily squeeze to target but they need to deliver on this upcoming report - Irregularly bullish options activity spotted recently with up to $900K sweeps at strikes ranging from 90.00-150.00 Please provide any feedback, especially related to Gann (this is my first Gann idea so any criticism welcomed... Best, Bard's Apprentice
NASDAQ:UPSTLong
by JerryManders
UPST - Crucial Moment: Gap Up/Down on Tuesday?NASDAQ:UPST is at a crucial moment right now. Since the earnings gap up and run a few days ago, it was brutally shorted to current support levels. We saw this confirmation via a small bounce on Friday. Frankly speaking, it could go either way at this point. With the Russia-Ukraine situation, it would be advisable to enter at a stronger area of value (resistance/support) to capture better Risk-Reward setups due to the volatility of the market. After all, any news could propel prices either direction. While there are 2 possible entries for NASDAQ:UPST , I'm personally looking for short opportunities. An entry at Short Entry #2 would be ideal, as the strong resistance level could possibly set us up for another double top. Time will tell and I'll be watching NASDAQ:UPST over the next few days. Happy trading
NASDAQ:UPST
by sooshiz
Upstart: Further Losses Ahead? Upstart Holdings - Short Term - We look to Sell at 91.86 (stop at 110.36) Bespoke resistance is located at 120.00. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Previous support located at 45.00. Further downside is expected and we prefer to set shorts in early trade. Our profit targets will be 45.80 and 37.10 Resistance: 120.00 / 130.00 / 150.00 Support : 80.00 / 65.00 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:UPSTShort
by Saxo
9