UPST - Looks ready for a potential breakout on the daily
UPST is looking good. It's very, very close to breakout out of a range and offers a great potential to the upside, as noted by the price callouts. There really isn't anything of particular concern that I can mention except that it is very near obvious horizontal resistance and momentum is slightly down according to the MACD. Otherwise it's a potential burner.
With this being a loan company it's odd to see it behaving bullish in a market that decided to tar and feather the world's largest banks today, but what do I know. The stock wants to be bullish, let it be bullish.
Of particular interest is a massive unfilled gap significantly higher up from current prices. This is an obvious target for swing traders who may provide the volume and liquidity needed for good day trading on the breakout of the current consolidation range. The context is right for a movement up...we just have to wait and see what the market thinks in the coming days.
With this being a loan company it's odd to see it behaving bullish in a market that decided to tar and feather the world's largest banks today, but what do I know. The stock wants to be bullish, let it be bullish.
Of particular interest is a massive unfilled gap significantly higher up from current prices. This is an obvious target for swing traders who may provide the volume and liquidity needed for good day trading on the breakout of the current consolidation range. The context is right for a movement up...we just have to wait and see what the market thinks in the coming days.