C3 a new IPO. Regarding its fundamentals i am not sure but one thing i know there is good divergence in 2 hous charts and volume has been decreasing day by day. this indicates that reversal and bullish moves are coming soon. I believe that this is a very good entry point. C3 is ready to run >also the major resistance is around 90 so there is lots of room to run. It is a offer you cant refuse
Best strategy would be a put credit spread
Ideas are for education and entertainment, not a trading advice
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increased in price from the date posted. Power of technical analysis. Will increase more
@wildjosh1995, Otherwise its just a knife catch with occasional dead cat bounces. November through Mid February was a delusional time for tech. A high volume of IPOs is indicative of a bubble market.
Seasaw_markets
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@wildjosh1995, its pattern is not dead catch bounce , dead catch bounce happen very quick and sudden. I am summing it will start to rise til 90 and after 90 it deepends, but this is definitely not a dead catch bounce
SaltyTeemo
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@aksfintech,
I also like this setup. We are buying pain on this one and I also agree $90 is where it shows its true colors.