UPST had a spectacular run when it broke out of a horizontal resistence zone (158-170) in August, more than doubled in just 2 months before crashing back down to this breakout level.
It is probably a good time to nibble with an initial stop loss about $1 below the support zone @ 157. Trail stops upwards should trade goes our way or look to scale at out fib retraements levels shown.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
It is probably a good time to nibble with an initial stop loss about $1 below the support zone @ 157. Trail stops upwards should trade goes our way or look to scale at out fib retraements levels shown.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
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