BRLY has been on a downtrend since it IPOd but I think the accumulation is now complete and will see stock price appreciate. Please do your DD as this is not a financial advice.
Wait for a confirmation for that potential scenario. breaking down the price channel is a stop loss. Cheers, j
Solid formation w/ falling wedge pattern at H1 time frame.
Brilliant Earth Group, Inc., together with its subsidiaries, engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry.
daily and 4hr demand zones listed 4h seems responsive this week but a littler nervous it's selling off into this zone. No say if it will respond again Usually if there's a sell off before earnings it's the 1 of 2 things. Info leaked and people are selling off to get rid of stock, or big players are getting other people in lower to explode. Knowing risk is...
BRLT is a recent IPO with massive yoy growth and room to grow. Im fundamentally long here. However the chart is even better. The accumulation in the support zone and 10 day moving average tells me something might happen today. Stop loss on market close below 10 day MA and support zone makes this a great R/R ipo opportunity
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 $16,12; stop-loss — $11,75; take-profit — $29,77/MOC price. Do not view this idea as a...