CTKBAfter completing what appears to be a complex corrective structure, this stock seems likely to make a retracement toward at least the 0.63 level (around $11.5) of the entire bearish wave. If it breaks above this zone, the long-term Fibonacci target at 1.26 (around $54) will be activated, which I’ve marked on the chart.
Market insights
$CTKB is giving a GREAT IPO LONG opportunity todayIPO 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 $20,30;
stop-loss — $18,30;
take-profit — $26,30/MOC price.
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.
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