Price is currently sitting above this up channel nicely.
If it hodls support here then we could be looking at further extensions which is what I have plotted with the bars pattern.
W patterns are common on this chart.
IPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $22,03;
stop-loss — $20,99;
take-profit — $25,15/MOC price.
Do not view this idea as a...