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KozakHlib
Oct 27, 2021 4:11 PM

$RENT is giving a GREAT IPO LONG opportunity today Long

Rent the Runway, Inc.NASDAQ

Description

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 $23,72;
stop-loss — $20,95;
take-profit — $32,03/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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Comments
NoriBiscuits
Hi, Given their bad fundamental, I've been just looking at RENT. I like their value proposition and want them to succeed... I hope they can reverse the trend than treated like meme..
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