UPST Gartley + island reversalish pattern

٢٤ يونيو ٢٠٢٢

UPST is a story stock (AI, disruptive) with unfortunate macro headwinds. If the tech turns out not to be smoke and mirrors, it could be really disruptive. Possible buyout target, but unfortunately nobody wants to throw around 4 billion these days. Except Elon, LOL!

No position yet. Already lost money on this and trying not to have "stock-holm" syndrome.

١ يوليو ٢٠٢٢

ملاحظة

Well if I have to be honest we are now looking at a bearish island reversal. I think I need to do some more DD on this company if I'm really going to hold this for the long term. Hopium is not a strategy.

١٣ يوليو ٢٠٢٢

ملاحظة

Another devastating drop, now trading at the IPO price of 26/share. Still have not really checked on the tech, leadership, or competition.

١٥ يوليو ٢٠٢٢

ملاحظة

And the dip keeps dipping. 24.17

١٥ يوليو ٢٠٢٢

ملاحظة

It should be noted, the ATL, within 1 hour of IPO, was 22.61.

١٥ يوليو ٢٠٢٢

ملاحظة

Maybe wait till after earnings

١٧ سبتمبر ٢٠٢٢

ملاحظة

Current ATL is 22.42. Forming some kind of consolidation pattern.

I'm thinking this flushes out (breaking ATL) before coming back.