With this analysis I notice that UPST always seems to top out as indicated in the upper trend line in orange. Looking for a bounce off the fib line around 218 to start it's quick journey lower. On average we see about a 30% drop when this occurs. Watching this closely for entry as it's been getting a lot of positive headlines and they recently increased guidance....
Targeting 290 sometime during the month of August. I've seen lots get burned trying to short this stock, but I think it's primed for a pullback in the near term. Upcoming earnings will tell.
NOTE: I'm pretty new to TA, but I like to think I've learned a good bit since I started. Any feedback would be welcomed. No offense taken.
