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ThredUp (TDUP) Nears Breakout

ThredUp (TDUP) Nears Breakout

by | Jul 26, 2021 | Chart SetUps

ThredUp (TDUP) a recent IPO with a bullish pattern, flagging after a strong run from initial post-IPO weakness and forming a large cup and handle pattern that above $29.50 measures to a $45 target. TDUP is disrupting traditional retail and early earnings seasons signals showing strong apparel & accessory spending. TDUP has a $2.5B market cap and trades 11X EV/Sales with revenues growing 20%+ and profitability seen by 2023.