Possible come backLooks that the market punished enough this stock and it appears to be forming a double bottom. This an early call, today the stock went up more than 2% while the rest of the market sold off.
UPST trade ideas
Fat greenI think we stay above $13 for a while now.
If we break into $14, we'll see $15 before any cool down.
It was a nice call, holding a cash secured put that's in profit on her.
I just think it's lowAs I said I just believe $UPST is really cheap here.
Just crazy to think this was a $400 stock
Long last weekStill heavily shorted, fundamentals aren't playing a role in this moving currently. Chart beaten up heavy and volatile. Still has room to go up if it squeezes again. Fib extension for target areas. Small size, wider stop.
UPST still using trend resistance as new support 👀I'm expecting a bounce to 21-36 from here, but long term we may head much higher.
lets see what happens.. boost and follow for more 💛
Upst We got a big pop I missed the entry when. Wanted it the other day. Now I’m averged in at 18.32. I do however like this 18.15 level the reason for me is last 2 times we failed to hold 18.15 as support and dropped to 17.80s. This time we are attempting to hold it as support. This is my idea. I wil place bids for a longer swing at the lows but I won’t sit and wait for it. I personally think the next rip to 20.25 we should breakout just need to give the market a bit more time to decide which way we want o break. Stoploss for me is 17.30 I would take some off the table at 20$ and 21.50. Overall target is 25$
UPST weekly chart points to accelerating upsideA risky bet as UPST is very volatile. However if done it right, could add serious $$$ to the account. SL 25% TP 40%
UPST breaks strong trend resistance 👀boost and follow for more! despite the trend break I still wouldn't consider a long here yet..
support zone can still be a new resistance, which is a bearish pattern. On the break of 21.11 I expected a explosive breakout to 26-36 🎯
Squeeze in UPST on a technical breakLong channeling wedge with a technical breakout and 38% short float, this might start getting some legs towards that $25 POC from the previous 6 months. Starting to see covering in some of these highly shorted stocks that had fallen dramatically over the last year and a half.
Long UPST since early this morning.
QuickTrade n. 181 : UPSTLong, looking for a move to the previous highs area
Short, looking or a bearish cross with test to the previous support.
Descending TriangleNeutral until broken.
Short interest is over 35% which is very high.
Earnings in February. Earning miss on 11-8
No recommendation
UPST weekly at all time low POC stop loss $0 HODLUPST weekly at all time low point of control stop loss $0 HODL
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.
QuickTrade 148 : UPSTLong, looking for a test of the 250h
Short, looking for a break of this base. Even a fake breakout should work.
QuickTrade n. 65 : UPSTLong : Looking for a new test on the 250h (yellow)
Short : looking for new record lows.
UPST Gartley + island reversalish pattern UPST is a story stock (AI, disruptive) with unfortunate macro headwinds. If the tech turns out not to be smoke and mirrors, it could be really disruptive. Possible buyout target, but unfortunately nobody wants to throw around 4 billion these days. Except Elon, LOL!
No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.
$UPST Bullish IndicatorsWith dominant green volume candles over the last month, a bullish crossover on the MACD, and bullish divergence on the RSI, $UPST looks like its posed for a breakout. Playing some Oct21 $40 calls with this one!
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.
UPSTUpstart has a 7price target from myself In the future. Maybe a good buying spot..
Look at names like FSLY to compare
UPST AnalysisPrice is on a downtrend. Price took liquidity at 36.25 and is unable to close above. Price is now breaking market structure to the downside. Target for this downtrend could be the lows at 22.42. I'm expecting this lows to be taken out.
Upst is going up?Curious about your opinion.
What is you're analysis?
What I see:
- support on the volume shelf (daily chart)
- Volume is rising (daily chart)
- support on the moving averages (daily chart)
- higher high (daily chart)
- moving averages are rolling over
- broke the 4 sma on the weekly
- support at the all time low on the montly
- higher highs, higher lows on the 4 h chart
- rising trendline on the 4 h chart
- trading at the bottom of the channel that started 26-july, could serve as support
- soared 42% over 15 days so it could be an overbought situation
What is your opinion?
This is no financial advice.
NASDAQ:UPST
