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 $39,35; stop-loss — $37,35 ; take-profit — 41,35/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Do you just go 1:3 R/R with 50-50 probability bullish or bearish on IPO or you know which direction is most probable? Your IPO calls are some of the best I have seen.
KozakHlib
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@WaveAzzReaderz, thank you!
We counted that 1:3 is the most optimal for this strategy.
There are usually longs, rarely shorts.
The direction is predetermined by the first impulse and based on order flow analysis.
UnknownUnicorn1020621
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@KozakHlib, Got it! Thanks. Nice job on GME, that was epic hahah :D