Stocks with a recent IPO are massively sold off, and at great support levels for a long-term investment. You can either buy this index, or specifically pick ones that you like. I am doing BOTH, and I will sell them in a few months if they rise enough. I will just add even more if we go lower. The price has never closed a single monthly candle more than 3% lower than the current price: just look at that price action!
Note
These type of thing are what I call *mean reverting*. They never go up, or down, forever. They tend to move towards "Fair value" which is the most commonly traded price with highest volume.Note
Currently we are sold off 36% below fair valueNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.