This is a swing trade for me.
I have sell limit at $36.50
My only regret is that I didn't buy more because ASAN and YALA are literally following my plan to a tee.
ASAN reported earnings on December 9th AMC. Q3 revenue grew 55% yoy and had fiscal year outlook and guidance raised. Although there was an operating loss of 105% of revenues, it is an improvement from FY Q3 2020 net loss of 166% of revenues. Furthermore, the company is expecting to maintain net losses for fiscal 2021 however is citing increased business...
Possible move:17%
Reward/Risk: 3.6 (R/R>3 is Ideal)
Time frame: 1-2wks
This is just my technical view, not a fundamental comment..!
I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
ASAN possible bottom after IPO. Earnings in December. Could be a good risk reward play if market doesnt crash. Volume was almost non existent until now on this stock.
See chart.
Price target 27$
Stop if market crashes as always.
IPO intraday trading strategy idea
Asana is a work management company.
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 $29,37;
stop-loss — $26,63
take-profit — MOC...
Asana, Inc. engages in developing a work management platform that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. Its workflow solutions include project management, goal management, task management, Kanban boards, Excel project management, PRINCE2 methodology, and project planning. The company was founded by Dustin Moskovitz and Justin Michael Rosenstein on December 16, 2008 and is headquartered in San Francisco, CA.
NYSE
