UPST Gartley + island reversalish pattern

24 giu 2022

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.

1 lug 2022

Nota

Well if I have to be honest we are now looking at a bearish island reversal. I think I need to do some more DD on this company if I'm really going to hold this for the long term. Hopium is not a strategy.

13 lug 2022

Nota

Another devastating drop, now trading at the IPO price of 26/share. Still have not really checked on the tech, leadership, or competition.

15 lug 2022

Nota

And the dip keeps dipping. 24.17

15 lug 2022

Nota

It should be noted, the ATL, within 1 hour of IPO, was 22.61.

15 lug 2022

Nota

Maybe wait till after earnings

17 set 2022

Nota

Current ATL is 22.42. Forming some kind of consolidation pattern.

I'm thinking this flushes out (breaking ATL) before coming back.