UPST Gartley + island reversalish pattern

2022年6月24日

UPST is a story stock (AI, disruptive) with unfortunate macro headwinds. If the tech turns out not to be smoke and mirrors, it could be really disruptive. Possible buyout target, but unfortunately nobody wants to throw around 4 billion these days. Except Elon, LOL!

No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.

2022年7月1日

註釋

Well if I have to be honest we are now looking at a bearish island reversal. I think I need to do some more DD on this company if I'm really going to hold this for the long term. Hopium is not a strategy.

2022年7月13日

註釋

Another devastating drop, now trading at the IPO price of 26/share. Still have not really checked on the tech, leadership, or competition.

2022年7月15日

註釋

And the dip keeps dipping. 24.17

2022年7月15日

註釋

It should be noted, the ATL, within 1 hour of IPO, was 22.61.

2022年7月15日

註釋

Maybe wait till after earnings

2022年9月17日

註釋

Current ATL is 22.42. Forming some kind of consolidation pattern.

I'm thinking this flushes out (breaking ATL) before coming back.