1UPST trade ideas
support is breaking, not a great sign for longs here UPST getting dangerous for longs here, many rejections from trend resistance and breaking important support zones.
long term it can dump to 43.56-13.48.. but if we break back above trend resistance we go bullish again. If this happens targets are 143.14-164.57
UPST - Weakness is worrying
Weakness relative to the strong rally in other growth names should raise some alarms for investors.
[*} showing signs of a developing H&S pattern...right shoulder in progress.
I'd watch the 3 day candle closing on April 01. If it doesn't close above 118, it'd indicate 9EMA rejection and further downside to follow.
I am long at 106, with B/E stop loss. below, 94 is possible. Not saying it will happen, but keeping mind open to anything to come.
Upstart USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
$UPST Bullish Cypher FormationsUpstart Holdings, Inc. operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. Upstart Holdings, Inc. was founded in 2012 and is headquartered in San Mateo, California.
Pull Back Fishing/Be SafePositive moving average crossover when the 20 day moving average crossed through then above the 50. However price is below these 2 moving averages today.
Red Marubozu candle, with both end shaven at this moment which is bearish. As a rule, price goes down further when you see this candle as it is bearish.
A support level is down below. Stronger support levels below this one/green dashed lines with the thickest dashed line being the strongest. If price were to breach that last support level, then there is no support underneath and it will end up like HOOD and RIVN, gasping for air. Let's hope not but something to be aware of and is the "sux rox" part of trading newer securities.
A Death cross is defined to some as the 50 (orange) passing down and through the 200 (red), but there are those who define a death cross as the 50 crossing through the 100 (yellow). These are warning signs, but again, moving averages are lagging indicators.
No recommendation and be safe. This one may be best to avoid or to trade short term until the market chills out a bit.
Short percent is 15.5% which is on the high side.
The 4 most expensive words in the English language are "This time it is different"
UPST - Day Trade Opportunity to go SHORTI am really liking a Day Trade Opportunity on UpStart
Looking at purchasing PUT OPTIONS on this one.
Ideal set up is for us to get a little buying activity to retrace back to structure in the 137-140
Target is 105. Looking at a 2-3 Week Contract for this move, however expecting the full move to happen in 6-8 days.
UPST - X WaveChart request.
With uptrend long broken UPST appears to be in an X wave connection to take price down to $30 area.
Moving averages death crossing and UPST could well pierce through the 20 and 50WMA to complete a fakeout X wave around 0.5 / 0.618 before entering a primary W wave to the 1:1 target.
Not advice.