Nothing earth-shattering here. NCNO is ping-ponging in this channel and I would expect it to go up to around $77 on or near 4/16.
I have a $70 call that expires on 4/16 as well as a credit put spread $65/$60 so naturally I REALLY REALLY want it to go as high as humanly possible by 4/16.
Earnings gave the stock a little bump but I was expecting more. Let's hope...
nCino - Market cap $6B - Hot IPO that has cooled off. Ready for a trade.
20 day MA is a weak support that might hold this time due to momentum and upcoming earnings. If 20 day MA holds, I'll expect the .6 fib to be our next ceiling. At that point, a new analysis is needed to see if you wish to hold through earnings.
Stop order around $69
I'm in @ $72.
I am not a huge fan of fundamentals but technical and price target look acceptable for a technical based entry.
We have some things in our favor but, as I said , fundamentals not the best. So I am allocating only 20% of average capital used to position sizing on this one .
Good luck ~
Close to IPO's bottom
Bottom is not always the bottom so check indicators. Bottom fishing can be dangerous but also can be rewarding
nCino, Inc., a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer...
IPO intraday trading strategy idea
nCino is a leading global provider of cloud-based software for financial institutions.
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...