TASK VP gap / void trade, nice strength all day today I am taking shares here. $41 Stop Loss
Price Target $56 bullish with a more conservative $53 (black line resistance) ... breaking through black line I think $56 comes quick.
Momo turning, looks ripe.. but I'm an idiot and probably wrong
Cheers
$TASK low cheat BUT
Negatives:
Price bit over 8% below 50 MA = added risk
Highest down day vol since IPO day
OBV breaking support before price
Down trending supply line
Positives:
tight days & vol drying up
Price held higher lows last few weeks
4 now, watch dont touch type setup
Starting a new position here in Task as it reverses and crosses back over the previous low and crosses on the MACD . Signal was on the 5 min chart but had to publish on the 15 min chart @TradingView won't let me publish the 5 min< what's up with that? Ideas, not investing / trading advice.
missed my entry at $65.27 break. It is the standard buy level at 25% of the up move measured from the pullback. Tech IPOs have had a strong run. $QQQ today looks to curl and recover to break new ATH so new tech IPOs are the play.
Look to enter if there is any pullback.
found it on fintwit. Fundamentals look strong. A bit overpriced according to my DCF (around 50% overvalued with positive assumptions), however price action seeks my interest.
IPOs that are overhyped tend to have a strong run before reality strikes and price adjusts. $TASK might be on one of those runs.
IPO intraday trading strategy idea
TaskUs is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, helping its clients represent, protect and grow their brands.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than...
