400% extension for Upstart Holdings Inc

17 ago 2024

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

19 ago 2024

Trade attivo

Off she goes.

20 ago 2024

Nota

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.

10 set 2024

Nota

On support.

14 ott 2024

Nota

40% so far...

5 nov 2024

Nota

Past resistance confirms support.
Next resistance, $72.

7 nov 2024

Nota

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."

8 nov 2024

Nota

115% in a little over 2 months, kaboom!

25 nov 2024

Nota

Expected a slightly deeper correction from last spike, never happened.
Anyhoo, next resistance in the 130 area.

27 nov 2024

Trade chiuso manualmente

Active investors, time to collect.

11 feb

Nota

Past resistance confirms support.