UPST: "Is Upstart right for you?" Requested by leeterry2020A newly IPO-ed company that wasted no time in surging almost 10X in less than a year!
Although it is still very preliminary to say if Upstart will continue it's uptrend, the recent gap and surge confirmed with strong volume seems to suggest it will.
With that, we can look for better entry since price is currently already near the upper channel. There's a couple of ways to go about this.
1) Wait for a pullback to $165-180 area as there's support drawn from the 1H chart.
Or
2) Wait for price to drop back to the bottom of the channel.
Either way, we will have to reevaluate again if and when it pullback.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
UPST
$UPST - W3 of W3 of W5? Upstart needs to stay above $112.85, and cross $128 and then $135. If it can clear $135, $142 and $150 aren't a long way off.
Invalidation level is 105.58....below that level, it wave 4 would have crossed the wave 1 high invalidating this count.
My final target is ~265, but that's still a long way away i believe. The above mentioned levels are the ones to watch for the short term.
Watch for a bounce between 116-120.
TL;DR:
PT1 = 135
PT2 = 142
PT3 = 150
SL = 112.85
Inv = 105.58
UPST At Major Intersection, Now What?UPST has been chugging along since IPO. It hasn't been smooth sailing but every major drop has been greeted with the next drop putting in higher lows. Doing a little Fib retracement revealed some core levels as well as helped outline the latest high-traffic area.
It finally broke back above the 382 fib level at the start of the week and held it as lower support for the first time since May. Before this UPST was rejected for the last week at the 382. Obviously the news catalyst helped a lot in post market trading on Aug 10th..so now what? This gap up has firmly set UPST above the 236 fib level, it has only traded in this area a few times previous but hasn't managed to hold it as support for a meaningful amount of time. BUT since it's here, the hopeful are looking "up" ... maybe in the sense of optimism but I'm talking about more in the sense of levels and wouldn't you know it, right around $166 has been a hairy level for the stock. It hasn't failed at this level once or twice but 6 out of the last 7 times tested (yes I missed a circle the day it spiked to ATH). With the positive news and clear retail interest, this could be an important level to watch (along with maintaining the 236 fib area as a new support) heading into the rest of the month (for now).
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Upstart bounce off 110 support , I have been watching UPST for a couple weeks now and have had some good trades off of these bounces,
Upstart has developed a range that I suspect is indicative of increased WSB speculation mixed with institutional investing and value buying.
There are a lot of orders lining up at at 110 _ always confirm with the tape before taking any of my setups as I am an amateur and mainly scalp price action around key levels .
Not advice just sharing.
Thanks for looking .
$USPT - Gorgeous Consolidation on Increasing VolumeThis chart is looking better with each day that passes. USPT has been consolidating for the greater portion of a month, while consistently testing the 126 level and creating higher lows in the process.
Volume has been steadily increasing throughout the month as buyers aggressively and consistently step in after each rejection, leading me to believe that we likely break this 126 level soon. Lots of bullish action taking place in this ticker, it's only a matter of time before sellers get exhausted and we make a large move upwards.
Once 126 breaks we likely visit 134, and above that 144.
All that being said, stay patient. This trade make take a bit longer to play out than originally anticipated.
Position trade on UPSTUPST is sitting on the 50 MA for a while. There's an interesting consolidation going on. It can break down or breakout in the next couple of days. I'm planning to add a little bit here and then average down until 90's. If we get down to the gap and close below $80, I'll get protective puts on my position. Let's see. There're many hammers in the past days, but MOMO algo is still indicating short. I like how volatile this stock is and when it runs, it runs a lot! (average $13 on a day).
UPST - Short first then LONGKEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
⏳ Analysis TF - 15 minutes
A correction is possible with plenty of room to move lowed without impacting the trend higher
Looking to buy at dips
Retracement to support area
Analysis / Trade Setup / Long and then short
± Short-term Bearish # Long term-Bullish
± Support and Resistance in play
± Major Falling broken
± Bullish trend reversal
± Go long for more pips from 80
± HAPPY TRADING
UPST - BULLISH PINBAR - CALLS - CLOSE PT - WEDGEAll,
I think this is worth watching for a bigger pop on call options (as always need a breakout and full candles before entering and/or catalyst.
Why:
1- Wedge
2-Candle very bullish after sell off downtrend
3- On big support here (aka probably creating the bull pin bar)
4- RSI down and the bands on MACD/MA are wide
5- Q/Q - 40% Increase income / 7% increase profit margins (probably not reflected in price seeing downtrend)
UPST Moving up!UPST chart signals a reversal in price with increased volume. When the fed announces that interests rates will stay the same come up a little today at 2:30 pm, this lending company will come up hard. However if Fed raises interest rates by to much this will not happen, in fact the whole market will tank and the housing market will crash.... I don't see that happening just yet until the job numbers are better. I'm opening a short term call option on this ticker.
We will fill that gap!!!!
Upside down Bart Head forming!!
$UPST Bull Flag Breakout-UPST has been consolidating since its massive power earnings gap and go. This inside consolidation has allowed for accumulation of liquidity.
-First sign of a bull flag breakout with MacD crossing over bullish.
-Levels to watch are 119 which is good for long entry with targets of 140, 160 and above ATH.
-Trade invalidated if a daily close under 113.
-Daniel Betancourt, OptionsSwing Analyst