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euniwong
Apr 23, 2020 10:58 AM

IPO Base Setup 

ATOMO DIAGNOSTICS LIMITEDASX

Description

Based on the company’s fundamentals, looked promising. After AT1 listed, strong opening on 2nd day. I bought 45 at open, sold half at 55 on the same day, making my average to 35.

Next day, I made a mistake and traded out of my system. Big mistake as I added at 545. Then it didn’t act right as the day goes, I sold out at 49.

I turned a profitable trade to a losing one. Lesson learnt. Instead of doing day trading, I’ll be watching this for few more weeks. Let the IPO base to setup.
Comments
ChasingTheMoon
Looks like we're setting up for a wolfe wave, hopefully we'll see a turn at the extensions.

ToddBoniface
I got in at 0.425, i'd hope to have a base here around low 4's to be honest, volume has been decreasing each day
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