Greetings All,
UPST has seen tremendous appreciation over the last few weeks, after releasing its first earnings report. Nevertheless, the technicals indicate retracements ahead, likely around the 50% area ($110), which coincides nicely with the 20MA. This is apparent with the breakout below the symmetrical triangle formed on the daily. The MACD also confirms this pullback with a bearish crossover on the daily. I'm actually targeting a 61% retracement ($96) in the coming weeks.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Exercise your own due diligence.
UPST has seen tremendous appreciation over the last few weeks, after releasing its first earnings report. Nevertheless, the technicals indicate retracements ahead, likely around the 50% area ($110), which coincides nicely with the 20MA. This is apparent with the breakout below the symmetrical triangle formed on the daily. The MACD also confirms this pullback with a bearish crossover on the daily. I'm actually targeting a 61% retracement ($96) in the coming weeks.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Exercise your own due diligence.
거래청산: 타겟 닿음
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.