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IPO intraday trading strategy idea
Vital Farms ( VITL ) sells pasture-raised egg products and butter to consumers in the U.S.
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 $36;
take-profit — $32,5;
stop-loss — $46,5.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Vital Farms ( VITL ) sells pasture-raised egg products and butter to consumers in the U.S.
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 $36;
take-profit — $32,5;
stop-loss — $46,5.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Trade closed manually:
$35
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!!! https://fondexx.pro/propcontest !!!
Once a year Fondexx organizes Prop Contest where traders from different countries get a chance to compete, show their skills and win a trading account and cash bonus
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