This will be my one public trade idea for the week. Any others will go up on the cord.
UPST is looking for WAVE A bottom. Possible double bottom already forming now - but I think it makes 1 more new low before reversing. I will be watching for signs of reversal on this name daily for entry.
Two things will trigger my entry here:
1) bullish divergence on all time frames while in between 137 and 150.
2) a breakout over the SECOND TL. I usually draw a channel or a parallel line and alert on the far one because I dont want to buy a fake out
After reversal I think this could get to 200 quick
UPST is looking for WAVE A bottom. Possible double bottom already forming now - but I think it makes 1 more new low before reversing. I will be watching for signs of reversal on this name daily for entry.
Two things will trigger my entry here:
1) bullish divergence on all time frames while in between 137 and 150.
2) a breakout over the SECOND TL. I usually draw a channel or a parallel line and alert on the far one because I dont want to buy a fake out
After reversal I think this could get to 200 quick