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CheelooTrader

UPST - Coiling...will it launch again?

Long
Upstart Holdings, Inc. (BATS:UPST)  
CheelooTrader Updated   
BATS:UPST   Upstart Holdings, Inc.
Trend Analysis Harmonic Patterns Chart Patterns
8
4
trendanalysis harmonicpatterns chartpattern

  • Working an Inverse H&S pattern on the daily.
  • Nice R2G move today confirms the pivot. High short interest could start a squeeze to 30.
  • Backtest of 26 will likely act as tigger.
  • Long via commons at 24.30 with 23.40 as the stop loss.
Trade active:
Continues to show strength. Volume is still incoming and shorts are scrambling. I would take partial at 43 if it gets there.
Trade active:
Daily is still holding well. need some sideways action for the real rocket to fire. upside target 43 now. will sell partial there and wait.
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