400% extension for Upstart Holdings Inc
On the above 10 day chart price action has corrected 70% since mid 2023. A number of reasons now exist for a long position, including:
1) Price action and RSI resistance breakouts. The recent rally in price action has broken the downtrend confirming past resistance as support.
2) Regular bullish divergence.
3) The falling wedge pattern has now confirmed with a 400% forecast to 130.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe to target: 2024
Stop loss: elsewhere
1) Price action and RSI resistance breakouts. The recent rally in price action has broken the downtrend confirming past resistance as support.
2) Regular bullish divergence.
3) The falling wedge pattern has now confirmed with a 400% forecast to 130.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe to target: 2024
Stop loss: elsewhere
Zlecenie aktywne
Off she goes.Uwaga
Motley Fool
By Neil Patel – Aug 18, 2024 at 3:20AM
“1 Stock I Wouldn't Touch With a 10-Foot Pole”
“Just look at Upstart (UPST -5.16%). The tech-focused lending platform's shares, while soaring almost 60% in the past few days on better-than-expected second-quarter results, still trade 90% below their all-time high.”
Neil, you're on record...
Now we let time do the talking.
Uwaga
On support.Uwaga
40% so far... Uwaga
Past resistance confirms support.
Next resistance, $72.
Uwaga
Kaboom... $70 struck.
Now up 90%
Stay long until $150
"Lender Upstart Holdings Inc. posted positive surprises across the board Thursday, and its stock was moving 10% higher in the extended session following those upbeat earnings.
The company, which uses artificial intelligence to inform loan decisions, expects fourth-quarter revenue of $180 million, while analysts tracked by FactSet were expecting $162.3 million.
Upstart (UPST) also models $5 million on the basis of earnings before interest, taxes, depreciation and amortization, whereas the consensus view calls for $3.5 million in positive adjusted Ebitda."
Uwaga
115% in a little over 2 months, kaboom!Uwaga
Expected a slightly deeper correction from last spike, never happened.
Anyhoo, next resistance in the 130 area.
Zlecenie zamknięto ręcznie
Active investors, time to collect.Uwaga
Past resistance confirms support.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.