CheelooTrader

UPST - Weakness is worrying

NASDAQ:UPST   Upstart Holdings, Inc.
  • Weakness relative to the strong rally in other growth names should raise some alarms for investors.
    [*} showing signs of a developing H&S pattern...right shoulder in progress.
  • I'd watch the 3 day candle closing on April 01. If it doesn't close above 118, it'd indicate 9EMA rejection and further downside to follow.
  • I am long at 106, with B/E stop loss. below, 94 is possible. Not saying it will happen, but keeping mind open to anything to come.

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