Needs Rest for a little whileThis has gone according to the plan shared below but its time for it to rest and be in correction for Wave 4. Any longs can now book profits and enter again later.
UPST trade ideas
UPST - LONGalmost a 62% retrace here in Wave 4 so starting a position here for what is expected to be a wave 5 towards 270-278ish. Will follow the white curve on this one for Stop loss. Looking for 6-12 month out 130/140 Calls.
strategy for UPST Tuesday 09/14/2021(UPST buy price 261.00)
(UPST sell price 259.00)
strategy: if the opening is with a bearish gap, the price will be in the buy zone, wait for confirmation, to buy from that point to the double top. if it touches the sell price it would be changing the bullish direction to the bearish one. If the opening is above the closing price, our entry must be when there is a breakout of the double top and 295.00.
our bearish entry will be below the sell price, and the mv 200 at 15mn giving us a strong bearish signal
UPST Elliot wave patternWith good earnings and strong financial, UPST rallied and formed an elliot wave. It is on the top of the wave and have potential for a pull back in the next couple of weeks.
UPST: Pullback in progress (ON AN UPTREND)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
It's Time. Round 2 baby.UPST took my beer money but it's time for the redemption arc. Retest of $200 coming very soon and it will sky drop past every resistance level into oblivion. Weak momentum and True Bearish Divergence spotted. Overvalued? More like Overflowing Beer Money. Let's get this bread by shorting this bread
Time To Take Profits In This High Flyer Pt. 2Nothing much to say here. Valuation is outrageous and unsustainable, and the parabolic price action, with hedge funds getting in at 'any price', will bite current buyers. This is a $150 stock on a *good* day. Risk seems skewed to the downside.
$UPST history tells us somethingShould retrace back to $194.xx level and then slowly flatten out at $171.xx check the charts
Updated Fib retracement study with targets and S R Prior resistance as new support to a fib restracment level with a Fib overhead target
Re-tracement study with Weekly Fibs, Volume profile AVwapWeekly chart with Fibs distribution rally retracement metrics combined to compared to the Volume profile and POC and the anchored Vwap off each rally high
Of note the continuity of the retracement area on each rally in the fibs
strategy for UPST THURSDAY 09/09/2021(UPST buy price 277.00)
(UPST sell price 275.00)
strategy: upst is very widespread on the daily chart, and very overbought. our bullish entry will be above 277.00 its XLK sector: + 33.03%.
our bearish entry: if so, we must enter with a strong confirmation since it is within its 52wk high, this entry must be below the sell price, yesterday's closing price and the mv 200 at 5mn. 15mn is heavily overbought.
UPST - Bearish Divergence formingNASDAQ:UPST Could UPST be approaching a pullback? Bearish divergence appearing on the 1D or 4H chart.
UPST on pullback watchI like the price action on this name. Had great volume and price movement following its recent earnings report. The name gets lots of love on Fintwit so many eyeballs looking for entries. I don't want to chase so I will be watching the green box for a pull back entry. Would love to see confluence with the trend line and emas. Will post targets later if entry is made.
Small Correction possible at $UPSTI think UPST will go up in long term, but in short term i am expecting a correction as it is currently at resistance levels. So i think selling now and buying at lower levels (around 200) can be a great idea.
UPST Short position Not for the weak handedOkay so basically everything on this chart tells me to sell this bad boy short down about 20$ per share at the moment
the 4 hr time frame looks like hidden bullish divergence
but the daily looks like shes about to turn over
there is a divergence with volume and the higher highs
RSI on the daily looks like in can climb more
we just have to see where this takes us been watching for about a month
use stop losses I am currently in an airplane and dont want to pull my day trading app out live up here.....
UPST holding Upst after the results is doing well , i have traded with this stock many time in and out , last 2 month i sold it at 191 and then goldman sachs upgraded the Stock , I’ve been riding the Stock from 100 and now its 242 , still I’m holding big quantity , recently crossed the line and stock need to rest little , look at the support Area ..
This chart was made two month ago but I didn’t published anywhere , but now I’m sharing this to idea for other to understand how you can build your strategy and keep truck of your stock performance.
I’m a silent CFA analyst person certified for global market , Dont like to publish anything :)
Good luck
Price Levels for UPSTNASDAQ:UPST
The lines represent the price level that has been traded upon or will be traded.
The more it hit the line, the stronger the level.
It can be use to set profit taking price or stop loss price.
Every level is of same significant until order flow trades upon it.
DYODD.
Upstart Potential ShortNASDAQ:UPST
Upstart might fall to $190 to $195,
It is Hitting its upper channel, Volume decreasing, RSI & price action indicating bearish divergence, MACD signaling bearish crossover.
Buying puts for next two weeks, depending on tomorrow's price action.
Upstart Rising Wedge - (4 HR)$UPST, 4HR, Rising Wedge break down, watching below the first purple line.
Cup and HandleUPST is sending out a few warning signs that price may pull back. Price is over the band set on an 80 SMA. Price eventually returns to the bands.
GET a Good Long Entry Level if interested (o:
Bearish divergence on RSI a while back which has most likely corrected. Possible divergence on the steep climb after earnings as the price incline is much steeper than RSI.
Lots are bullish on this but long entry level can be crucial to your psyche. There is no true handle which would require a period of consolidation> Consolidation forms a source of support and I feel a bit better when I see it somewhere under price that is close by or at least in the ball park. I placed green lines where I see support. You may see it elsewhere.
I do not see any bearish rising wedges and that could even be a flag forming up there but too soon to know. In either case a pull back may be on the horizon.
Gap under price. Earnings are an event pattern and price will usually chill out within a week or two.
A crooked W took price to the prior high on the last notable leg up before this one. I did not Fib the W out to figure out which pattern it is as it no longer matters. Most likely a bearish harmonic pattern that hit the target before coming down. But folks can trade a bearish harmonic pattern if they recognize it on every leg with a mixture of going short and going long. After all, patterns like this are not so bearish if you got in at the bottom of the last leg up of that crooked W. But they are still referred to as bearish and bullish harmonic patterns. You can get stuck in a bearish leg of a bullish harmonic pattern as well, which usually appears as a crooked M. Just need to be sure to get out in time when a bearish harmonic pattern hits the end of the final leg up (because it is coming down) or in a bullish harmonic pattern, go long when it hits the landing pad (because it is usually going up.) (o: Current high is 220.11.
No recommendation.
lets look for some downside herepotential fake out breakout of top trendline resistance, about to break back below it. RSI indicator is also hitting overbought zones on bigger timeframes. Id be very cautious if i was considering calls. under 185 support we can look for downside to 150! puts may print here. goodluck traders! :)
It will keep on goingI haven't been trading on this but looks like there is more upside to it. Wave 3 can go further up than marked here but i am being conservative.
