Doesn't look like there are many buyers for $AMPL, a peer of $COIN $SNOW 2020-2021 IPO cohorts, though business results look promising in the long-term.
I'd say anything above $10 is a good entry for this as a long-term tech stock that can outperform in future cycles.
Amplitude Inc (NASDAQ:AMPL)
The 8 analysts offering 12-month price forecasts for Amplitude Inc...
Hello Friends!
Amplitude has declined by 70% from it’s highs. Back in February analyst had a price target of $40 and $60 for 2022. Currently is consolidating and a breakout can have its eye on two price targets.
Target#1: $27.50
Target #2: $33.00
After $33 a gap fill opportunity to $40 might be an option. But at this point, one step at a time.
As always thanks...
We have broken back above a Bearish Trendline and are Springing back above the 1.13 fib extension while testing the Neckline of a Potential Double Bottom and the RSI is back above the 50 line. Best case scenario here is that this price action is followed by a major Retrace to the upside between the 61.8% and 78.6% Retraces.
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 $52,27;
stop-loss — $47,74;
take-profit — $65,86/MOC price.
Do not view this idea as a...
