UPSTD trade ideas
Head and Shoulders TopEarnings were today. Earnings can be deadly to this pattern, be it a miss or a beat on earnings.
Left Shoulder: A head-and-shoulders takes place on a chart (on any time frame), when a security rises in an uptrend to a high. Strong buying pressure drives price action to form the left shoulder. There is no way for most to realize the pattern is forming at this point unless you are psychic (o:
Head: Next, the pullback takes place. The pullback is a reflection of latecomers jump into the game and take advantage of the pull back, pushing price up to another high and the head is formed. Later, fear creeps in, and the sudden reality that they are perched perilously on a crumbling mountaintop (head). Short sellers start attacking and frightened bulls exit at the market’s mercy. The security pulls back again to the support area formed by the completion of the left shoulder. Now the head is completely formed. Many would still not know the pattern is forming at this point, but this can dissuade a person from buying tops after getting caught in one. Others love to buy tops and go with the flow of the uptrend using trailing stops. This is where indicators and understanding the market ecosystem can be helpful. It comes down to Supply and Demand .
Right Shoulder: At this area, known as the neckline (of the finished pattern), an often smaller group of hopeful buyers pushes the price up again forming the right shoulder. This time, optimism is dwindling and if the bulls can not get price over the head on this run, the right shoulder forms. The rally up that forms the right shoulder is also the perfect place for those who feel "stuck" to get out and sell.
This pattern is not valid until the neckline is broken with a downtrend and this can be a very strong source of support, until it is not. Many securities have formed this pattern and after a battle at the neckline, have gone back up to form another head and shoulders without ever completing the fall from the first one that was formed. When these securities with two head and shoulders fall, I have noticed they fall hard )o: This one, I just see the one H&S pattern in the yearly chart.
ANY pattern can form this ugly top. This one was a cup and handle that surpassed targets substantially. And ABC/D bullish pattern can do this as well, pops at C yet fails to surpass the former high at B. It is not that you can not make money, it is just important to recognize what is around you and get out on time. If there is a first shoulder, the left shoulder (can be 1 or more left shoulders), after you do a visual double take to the left, and and isolated, lonely feeling ensues, it may be time for to let go. Sometimes the scenario does not end badly, but for most folks, getting out with a profit is better than being forced out of a security with a loss.
No recommendation
I have noted a lot of these as of late so good idea to be on the look out. Any pull back can end a trend, especially a tired trend.
The trend is your friend until it is not )o:
Upst pre earnings Showing H&S here. I'd be weary of being long here. if they tank, this could drop back to 207 fibonacci
(9) UPST 11/8 TriangleKeep an eye on this highly volatile stock... forming a nice symmetrical triangle pattern and looks ready to break out very soon...
Price Target = $440 area
Buy UPST 8/11/2021You can buy UPST target 401.3 stop loss 299
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
Bullish and Bearish case for UPSTUPST, forming a pennant. If it can reverse here then we can see $364. UPST is known to move fast. They report earnings on Tuesday. A bearish case for UPST. Head and shoulders formed on the daily chart. Their earnings can move this stock either way so I would wait if you were to play this.
UPST READY TO RUN PT1$344NASDAQ:UPST
UPST Strong support at$321. We may see a good run next week. PT1 $344.STOP LOSS $321. 45/MIN Char.
Upstart bear flag heading into earnings Drop today but held flag support (325). I think they might run it up one more time the 350's ( Bear flag resistance).
If it loses support use these fibonacci levels as targets with 279 being the H&S conformation line
I will stay away or short itI have been bullish on USPT since it was $195.
It had a good run and righ now in a correction mode. I expect the correction to continue, may be earnings will drop it. We will see. Not bullish at this point.
UPST UPST UPSTDidn't quite hit my buy box that I called out last week, but it broke out of it's trend line yesterday and held in PM. If it holds today and it hit it's low at 310.2, next resistance is 384.2, 430.3, and 504.85.
UPST - log scale tracking countThis is just to keep track of the movement. Its so i dont forget what i was thinking in a few weeks
Looks like we might see a last push to 450 before dropping back down.
UPST to $420, LET'S GO!UPST chart
Looks great, I would buy under $315 on Nov 2nd or 3rd.
If trend breaks, wait for the HH to enter.
$UPST looks ready $UPST looking for it to break that $337 resistance area and make a move back above the 20 EMA. Beyond that i expect it to re-test all time highs.
UPST-- Time to go shortUPST-- bearish territory started. Might go down in waves. But the descend is on. The wild ride or more than 1000% gains since the beginning of the year are about to end.
There will be a profit-taking cycle happening.
Few data points,
1) 9 EMA crossing below 23 EMA
2) Price is not able to break above the trendline from recent highs. Forming lower lows on daily
3) Price is not able to break above 9EMA recently on 4hr and daily
4) 333 is acting as resistance from the left shoulder of the H&S pattern.... and in the distribution phase, as per stock cycles
If you follow this chart, it is matching to the textbook representation of stock cycles. Will it go down before ER or after?
Note: ER is on Nov 9th. It is time to watch this one. What do you guys think?
UPST 30m Wolfe Wave BullishUPST 30m Wolfe Wave Bullish, a Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern
Upstart looking weak I pointed out with arrows the 2 signs of weakness I see.
1st.. When dealing with channels , a sign of weakness is when the stock can no longer reach channel top.
2nd. The volume on a green day was lower than average. that's always a sign the big money has exited a bubble. as seen on 10/25.
if 327 doesn't hold, we're headed back to 50sma
UPST - Ready To Reclaim All Time HighUPST - Bullish reversal .Broke the falling wedge.
It may reclaim the ATH Soon .
UPST possible pullback, regression channelHello everyone! UPST is now in the resistance zone of this regression channel in the daily chart. I think we can experience a pullback to the $340 in the upcoming weeks. Remember that the trend is your friend, that's why I'll not short UPST for now. NASDAQ:UPST
Not a financial advisor. Just my personal opinion. Enjoy your weekend.
UPST - 10.24.2021UPST has been on strong uptrend, displayed by the expanding EMAs..
Falling wedge on daily to the 21 EMA, and previous ATH breakout area (Prior resistance = future support)...
Can be seen more clearly on the 65min or 195 min chart...
Use a breakout out of the falling wedge or 350-354 area as your entry...
Risk = 336-345 area...
UPSTHere is my preferred count on Upstart, however, where Wave 4 of C ends is harder to predict, anywhere from $280-336.
Another pattern to consider is the 20 MA has been a strong buy indicator, so I will be watching that level of $332.
UPST Projections.These aren't accurate to time but to patterns visible on the monthly and weekly time frames.
UPST is following the Elliot Wave cycle and so far, Wave 3 is in the extension zone. I project a completion of the extension into earnings and a retracement for wave 4 anytime after that. Once that retracement is done, wave 5 will push us even higher. My current timeline is between now and 08/2022 for the cycle to complete.
Always do your own DD and pls add any corrections or comments to this thought.
