UPST: 3 for 3 on 30% Pullback? - Standing by for entry
Aggiornato
With this analysis I notice that UPST always seems to top out as indicated in the upper trend line in orange. Looking for a bounce off the fib line around 218 to start it's quick journey lower. On average we see about a 30% drop when this occurs. Watching this closely for entry as it's been getting a lot of positive headlines and they recently increased guidance. I think the valuation is quite rich though and a pull back is needed to continue higher. Will look to enter puts on confirmation.
Ordine annullato
No real confirmation here yet, but still watching
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