- Daily EMAs (8, 21, 34, 55) are stacked bullishly, with each moving average trending higher underneath price - this is one of the strongest trending patterns you can find
- Price is respecting the 8 EMA as support on pullbacks, showing bulls are in firm control
- A massive 28.5% short float provides potential fuel for explosive upside moves
- Strong earnings catalyst from Nov 7th, showing positive EBITDA ahead of schedule
The Squeeze Setup My scanner is showing multiple squeezes on UPST, and here's why that's significant: A squeeze occurs when volatility contracts (shown by red dots on my indicator) followed by a release of that energy. Think of it like a spring coiling up before release. What makes these squeezes particularly bullish is: - The momentum indicator (histogram) is showing increasing green bars
- Price is in a clear uptrend with stacked EMAs
- Each squeeze release has led to higher prices
Your Action Plan Here's exactly how I'm playing this setup: Yesterday's trades already showed us the potential: Swing Trade: I bought 5 UPST 11/29 $75 calls @ $2.10 → STC @ $3.11 for a 50% gain. In addition, I purchased call options expiring today for what I call a "lotto" play… a high risk, high reward trade. I'll be looking for re-entry around the $71-72 level to catch the next leg higher. With multiple squeezes ready to fire and that massive short float, the next move could be even bigger than our last winner. Want the Complete Trading Plan? Join me in Profit Surge Trader this Monday at noon EST where I'll break down: - My exact entry points for the next UPST trade
- The specific option strikes and dates I'm targeting
- Real-time analysis of the squeeze indicators
- Live Q&A to answer all your trading questions
Don't miss out on what could be one of the biggest momentum trades of the month. Click here to join Profit Surge Trader and get instant access to Monday's live trading session. |
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