Original Alert went out on February 28, 2022.

For most of the month of February, UPST has built an incredible base, and with the strong earnings on the 16th, I feel the stock has now picked the next direction it wants to go – and that is higher!

I do want to wait on my entry though…

With all of the volatility we’re seeing, I think I will get a chance to enter about $10 lower from the close on Friday, so I am looking @ $125 as my target entry price. That is why I am looking at the option contracts at a significant discount to where they are today.

If I am wrong though, I will stop out of this if UPST wants to close under $111, which is near the recent low from 3 daily candles ago.  I will talk more about this in my live training session @ 11am EST today.

On the upside, I am looking at $148 as the first target and $174 as the next target.  I expect there to be a lot of range on this stock during the week, so keep a close eye on it!

UPST – Bullseye Pick Of The Week

Overall, there is still a lot of volatility in the market as we see the daily headlines keep rolling in.  

I personally think we have seen the lows (at least for a while) for most stocks.  

Current Market Outlook

One way to cut through the noise is to use technical analysis to determine where to place your trades.

QQQ Daily

The QQQ’s traded down into major support levels, and with the RSI oversold the buyers wanted to step in for a pop back to the upside.

And even though the markets are volatile, it is important to remember this is a market of stocks, and every stock can operate on it’s own.

USPT

I am going with UPST because it meets a lot of the criteria I am looking for right now: Oversold tech stock, great earnings, bullish trending chart in the face of a weak market.

UPST is not for the faint of heart though.  

This stock has some massive swings up and down each day.  It is so volatile, that most people are probably better off buying the stock than trying to time the options and worrying about time decay there.

For most of the month of February, UPST has built an incredible base, and with the strong earnings on the 16th, I feel the stock has now picked the next direction it wants to go – and that is higher!

I do want to wait on my entry though…

With all of the volatility we’re seeing, I think I will get a chance to enter about $10 lower from the close on Friday, so I am looking @ $125 as my target entry price. That is why I am looking at the option contracts at a significant discount to where they are today. 

If I am wrong though, I will stop out of this if UPST wants to close under $111, which is near the recent low from 3 daily candles ago.  I will talk more about this in my live training session @ 11am EST today.

On the upside, I am looking at $148 as the first target and $174 as the next target.  I expect there to be a lot of range on this stock during the week, so keep a close eye on it!

My Trade Plan:

• Buy $125 entry price

• Target 1: $148

• Target 2: $174

• Stop : $111

To YOUR Success!