Correction DueWe have made a long way down since October. In January we've begun to build a bottom. Yesterday an upward momentum could be observed. I expect that the price may leave the bottoming range now and make bigger upward correction.
UPST trade ideas
Upstart: Further Losses Ahead? Upstart Holdings - Short Term - We look to Sell at 91.86 (stop at 110.36)
Bespoke resistance is located at 120.00. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Previous support located at 45.00. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 45.80 and 37.10
Resistance: 120.00 / 130.00 / 150.00
Support : 80.00 / 65.00 / 50.00
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From Bull to BearUPST looked strong from the initial bounce from 75. But now volume is starting to weaken as well as the setup. Hourly forming a double top and falling back to initial base. Gap to be filled in @ 60. Daily also showing a graveyard doji on volume, typical of a bearish reversal.
UPST strong bottom revesalLiking the movement from UPST here after breakout of the ascending triangle. Volume on daily has been strong and only increasing. I would like to see 125 and then another push to 163 from here.
nasty double top, lets see if we test local support zones now ..upst did a double top rejection off local resistance, a bearish pattern if you ask me.
also breaking trend support, my next target moving forward is 93.76, if that local support breaks we can target 78.82.
like and follow for more! 💘
UPST - Presented without commentVWAP Profile shows some important levels
168 - This number seems to coincide for multiple indicators. I have a feeling that we will see that sooner than many think.
There is still time, but then this has been up 50% from the recent low already. another 40 points is a matter of days.
$UPST - buy at $70?This is on its way to backfill the gap down to $70. At that level, I bet even Mark will learn what the company does....maybe
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.
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!
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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.
