A newly IPO-ed company that wasted no time in surging almost 10X in less than a year!
Although it is still very preliminary to say if Upstart will continue it's uptrend, the recent gap and surge confirmed with strong volume seems to suggest it will.
With that, we can look for better entry since price is currently already near the upper channel. There's a couple of ways to go about this.
1) Wait for a pullback to $165-180 area as there's support drawn from the 1H chart.
Or
2) Wait for price to drop back to the bottom of the channel.
Either way, we will have to reevaluate again if and when it pullback.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Although it is still very preliminary to say if Upstart will continue it's uptrend, the recent gap and surge confirmed with strong volume seems to suggest it will.
With that, we can look for better entry since price is currently already near the upper channel. There's a couple of ways to go about this.
1) Wait for a pullback to $165-180 area as there's support drawn from the 1H chart.
Or
2) Wait for price to drop back to the bottom of the channel.
Either way, we will have to reevaluate again if and when it pullback.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.