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.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。