UPST has attempted to breakout of a cup and handle twice on the weekly chart and failed.
The second attempt is extended and recently broke upward from the handle.
The Bumbum simultaneously formed a saucer formation in the process which is a bullish reversal trend.
With increasing volume and momentum and favorable market conditions I expect this to to easily scale the immediate resistance of $59, then to $85. At $85 there is probably a pullback to the $70is range before any catalyst could push it beyond $85 to the $120 range.
With the fundamentals of the company aligning favorably, this is a long term buy.
Trade closed: target reached
💼 PositionType: UPST $80 Call
Expiry: AUG 1, 2025
Average Cost Basis: $1.32
Date Purchased: June 27, 2025
Sell Limit Price: $3.85
Date Sold: July 7, 2025
Total % Gain/Loss: +291%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.