UPST has touched the bottom trendline on several occasions which could be called multiple bottoms.
Very small rectangle so it was difficult to calculate targets.
Original IPO price was 22.61. Most recent bottom was 22.42.
If one were long and price creeps below 22.42, then there is no established support to catch this.
Support would need to form again.
No recommendation.
Short interest is around 35% depending on where you look. Many would consider this on the "very high" side.
Very small rectangle so it was difficult to calculate targets.
Original IPO price was 22.61. Most recent bottom was 22.42.
If one were long and price creeps below 22.42, then there is no established support to catch this.
Support would need to form again.
No recommendation.
Short interest is around 35% depending on where you look. Many would consider this on the "very high" side.
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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.