UPST - Continues to lead the growth namesRallied hard from the recent low and pulled back - as expected from VWMA on 4H...I would still be long as long as it stays above 87...below there is gap to be filled around 60.
UPST trade ideas
More Dip coming for $UPSTAs $pypl recently dipped after earnings, Fintech Stocks looks bearish overall. $UPST continues to plunge in my analysis. it is my personal analysis only.
UPST - Better short term price action among the peers
Rejected 4H ATR as expected.
If it can hold the recent low of 75, I'd expect this name to lead the pack.
Long term I am very bullish on this name...what they do is the future with literally sky as the limit.
at the risk of being ridiculed, I expect this to be a trillion dollar company in next 10 years. ONLY 4 american companies have managed to achieve that feat, so a lot needs to fall in place for that to happen.
Below 75, capitulation(?) move to 45 is totally possible.
UPST Multiple bearish patterns - Daily chartUPST is forming another bearish flag. There is no sign of price reversing to the upside. Is totally bearish trading under the long term uptrend support now resistance. Great risk reward in this trade.
Selling to continueI have been bearish on this since it was $340. While my initial short target was $110 and i was expecting a pullback before another selloff to cover the last open gap, looks like we will cover this in the next coming weeks.
UPST to under $100 this weekNASDAQ:UPST
UPST still trending down. Looking for $100 and lower this week, down to $88. Needs to hold below $113.
interesting pivot area here 🍿upst at an interesting support area, must hold or it will dip a bit lower!
below 106 look for a dip to 80, if we reclaim trendline support and break back above 134 look for a rally to 167.33-200.
I am neutral at the moment on this one, like and follow for more 💘
$UPST - Prime Short CandidateBased on overnight futures action, we may experience a gap down tomorrow.
The chart for $UPST looks awful with the stock losing many key levels of support. We're currently at our last level of support before huge downside.
If we break through 106.5, it's extremely likely we see 91 over the coming days. Will enter a short in the morning if my thesis plays out.
$UPST, trading it 1/19For 1/19, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 116 (entry, long), it can see 121-124 (exit)
Break below 107 (entry, short), it can see 99-102 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
$UPST, trading it 1/18For 1/18, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 118 (entry, long), it can see 123-126.5 (exit)
Break below 107 (entry, short), it can see 98.5-102 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
Upstart crumbles making new lows. Will it bounce?Hi everyone,
Today I will demonstrate another example of a catastrophic dump in growth technology stock. This time we are taking a look at Upstart NASDAQ:UPST .
The stock IPOed in December 2020 and I still remember the hype created around it. In August 2021 it started goind parabolic. Classic growth IPO stock.
The entirety of fintwit community seemed to hold this stock in their portfolios. Everyone was boasting how their YTD return is 80% thanks to Upstart performance.
That's when you know it's time to get out.
NASDAQ:UPST topped in October 15. The stock was valued at 420 times earnings.
It's price fell 72% in three months. From 401 all the way down to 111 .
Even after 72% fall TTM P/E ratio of the stock is 113.
Now, the question is will it bounce ?
The stock currently is in a very steep downtrend, which will be broken easily, once determined buyers step in. Thus far, they are nowhere in sight.
Since the IPO by far the largest portion of volume traded occurred in 122-137 price range. In order to rebound we need to see acceptence in this area.
Otherwise, look out for these levels below:
103, 81, 43.
Please let me know what are your thoughts on a current state of the tech sector.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise
$UPST, trading it 1/14For 1/14, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 117 (entry, long), it can see 122-126 (exit)
Break below 107 (entry, short), it can see 98-102 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. NOT FINANCIAL ADVICE.
UPST : No Hype Price , Entry Here !After I've considered risks below , I accept to buy at current valuation.
- Revenue is non-recurring. ( transaction based )
- Concentration Risk on customer side : Cross River Bank
- Concentration Risk on supplier side : Credit Karma
- Competition
Still competition with other Giant Tech whose consumer data flow via their platform. They can train own AI with data inside company.
- Regulatory Risk
Upstart is not responsible for NPL% , default. Unknown problem from State policy may force concern player to take action in some way.
Proper bet should be made in small allocation !
The bottom is in for UPSTUPST looks to have finally bottomed. Overblown sell off is a great buying opportunity. Yesterday's candle is very bullish at a level of support. Entering a riding UPST back to at least $150.
$UPST, trading it 1/11For 1/11, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 116 (entry, long), it can see 123-126 (exit)
Break below 107 (entry, short), it can see 97-100 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter ), have a great one. Not financial advice.
$UPST, trading it 1/10For 1/10, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 126 (entry, long), it can see 134-137 (exit)
Break below 113 (entry, short), it can see 102-105 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out bio and prior posts and recaps (on twitter), have a great one. Not financial advice.
$UPST, trading it 1/7For 1/7, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 124.5 (entry, long), it can see 133-137 (exit)
Break below 115 (entry, short), it can see 103-107 (exit), WATCH that ~113 (Low Of Day) area
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out my prior posts & recaps (on twitter), have a great one. Not financial advice.
$UPST, trading it 1/6For 1/6, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 133.5 (entry, long), it can see 141.5-145 (exit)
Break below 123 (entry, short), it can see 111.5-115 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out my prior posts & recaps (on twitter), have a great one. Not financial advice.
$UPST, trading it 1/5For 1/5, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 141 (entry, long), it can see 149-152 (exit)
Break below 133 (entry, short), it can see 122-125 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out my prior posts, have a great one. Not financial advice.
UPSTART Potential-Possible last wave 5 correction might bring the price to $105-102
-Same price target coincides with 0.786 FIb retracement line
-Price was rejected at 0.618 Fib retracement line of $165
-If price breaks upward and closes above 0.618 than this scenario is invalidated.
-This is not financial advise just confirmation bias based on the indicators included in this analysis
