I should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price.
I'll be paying attention to Price Action to leave the necessary clues needed for me to react.
Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
I hope so. I trimmed my position by 60% because I wasn’t sure how low it would go. If it goes down further I will consider getting more. I was starting to wonder today if we were in the middle of a wedge pattern.
danny_omega516
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Thank you for posting this! I bought in at the IPO at an average of 18.30. I have been wanting to buy more but I haven't been sure where the bottom might be. Today it has been pretty steady between 19.25 and low 20.25. Tomorrow it will start trading on the renaissance capital IPO ETF fund. Do you think that could it help it rebound?
ChrisJTradesFX
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@danny_omega516, Wow, thank you for sharing that! I would assume that would bring in more capital which in return will bring in volume. This is going to be interesting.
danny_omega516
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@ChrisJTradesFX, Indeed! It should be very interesting indeed. I have 125 shares at the moment. I didn't sell at 26 and I didn't sell during the pullback. I am a very new trader but I feel like I have been learning a lot very quickly. 3 months ago I would have probably panicked and sold this one by now lol.
@danny_omega516, - nothing wrong with taking some profit and jumping back in lower. this is hindsight now and easier to say but my process based on this corrupt market is take my profits and look for other opportunities.