Added UPST to the watchlist on October 27 due to a bullish continuation pattern on the daily chart. A quick look at the higher timeframe showed that the price was near the upper extreme of its range, with an earnings report date approaching as a precaution.
I closed the position within the measured move range (based on the assumption that the stock would maintain a similar range and volatility). However, expect that events or shifts in market behavior can move prices short of / outside this projection.
Trade Overview
• Structure: Bullish Continuation (D) / Range (W)
• Position: Near Mean (D) / Inside Range (W)
• Entry Trigger: Failed Breakdown (BIR) at EOD
Entry Details
• Entry Price: 50.26
• Stop Price: 45.41 (1.7 ATR)
• Target Price: 72.24
• Expected Risk/Reward: 4.55 R
Exit Strategy
• Exit Price: Closed 80% at 1R and rest into 72.24. Precaution into ER.
Technical Trading: Research and Application
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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.
Technical Trading: Research and Application
stockleave.com/
stockleave.com/
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.