$UPST Forming a Pennant?

14. Nov.

I like that UPST is pulling back on declining volume. I have an alert set on a cross above the Pennant Downtrend Line. “If” that happened I will look to go long with a stop just below the previous low. Let’s see what happens.

14. Nov.

Trade ist aktiv

TRADE IS NOT ACTIVE YET... TradingView now requires one to choose "status" on the trade not simply an update to the idea. (If you are reading this TradingView, please consider changing so simple updates to the idea can be posted without changing the trading status.

Here's the update:

Here is UPST on a 65 min chart. You can easily make out a flagging pattern. The idea remains the same.

15. Nov.

Trade geschlossen: Ziel wurde erreicht

TRADE ACTIVE - I have taken a starter position as it has crossed the DT line 2 times this morning. I have a stop just below todays low. Let's see what happens.

18. Nov.

Anmerkung

I brought this up to a full size position this morning (from 1/2 size). Sold 1/3 of the full position as noted on the chart. And I have a stop on the remainder of this mornings add-on at breakeven. I am looking for this to make a higher high into which I will trim and then look for another pullback. All TBD (I also have a stop at just better than break even on the trade so no matter what happens I have made a profit.

18. Nov.

Anmerkung

TRADE CLOSED

I do not like today's candle as we are nearing the end of the day. I have closed this trade for a total of a 4.5% gain. I will see if it sets up again but the price rejection on the day is too hard for me to ignore.

18. Nov.

Anmerkung