Polycab is a great stock with a good fundamentals.
i have drawn the major trends supporting from its IPO time and from corona's crash.
from past 14-15 months the stock is following the same channel, and has given about no returns.
since it has a good fundamentals and the sales are growing nicely, i see a good upside movement.
but on the flip side, this channel...
great sector, great business model with good fundametals.
listed with 40% premium in its IPO lisiting.
great to buy. since it has broken the trend of lower higher and lower lows.
volume is also pretty high.
a small cap company, which could prove a multibagger in future.
Rising Wedge breaking does not necessarily mean it will tank. In fact it is highly unlikely unless
the entire market tanks. How should we view this?
1. Canary in the coal mine? Possible
2. High base to follow? Probable.
3. Expansion of Structure? Likely
The market is not cheap! That means wild schitt can and likely will occur. When? No one knows.
* Recent IPO with steady up trend
* Not the best earnings in the recent quarters
* Basing for the past ~3 months
* While basing it bounced off of its IPO highs around the 13.8 area
* Recently breaking and holding above a pivot area between 16.65 and 16.9
* Daily and weekly volume seems to be indicating buyers coming in and the UD ratio seems to be...
Recently listed IPO breaking out from the first base shows the recent demand for the script. Purely for swing purpose. can Head higher to 385 - 485 levels in coming days.
PS - Views are personal and for educational purpose only.
the two dark blue lines, shows the that the stock is on its IPO zonem, stock is at a very discount, it can all go up till 2200, with a very good swing trading. still can go further upside, in the long term. sales are good, quater results are also good. its a stock with good fundamentals, and a multibagger.
Apparently, Intel has an ace up its sleeve. It owns a self driving car division called Mobileye and seeks to file for IPO. Mobileye valuation could range between 30-50 billion, while current market cap on Intel is around 100billion.
the stock will have a good impulse move, it has corrected a lot, one can earn about 90% from taking a swing trade. the stock has reached at a price of its IPO's time only.
good RSI DIVERGENCE is forming.
stock price targets are too mentioned.
at last: have a look on moving averages too.
Will Andrew Tate be participating in the voting of shareholders?, more eyes, more attention.
as fomo kicks in speculators will purchase call options volume keeps going up.
1/20/23 15 @ 2.05
Not Investment advice
$MEGL Price is beginning to get closer and closer to the apex point of the falling wedge
I expect high volatility soon either to the upside or to the downside 🔥
Worth watching to decide which trade to take 👀
$XMTR - Industrials | Specialty Machinery
revisiting $XMTR after 9 months. U/D Volume Ratio grew to 140% with RS now at YTD high before price.
above IPO VWAP and all major MAs. riding on rising 20 MA.
key pivot at $53.55
DNAA is one of Chamath ipo’s play that will moon ~ its a very risky play but it worth it
Looking at Monday opening my target are as below:-
1st target 75$
2nd target is 125$
And my 3rd target is 170$
Trade safe ~