ZIP saw a vicious rip through the 15 handle it's looking like it may persist. I believe we will need to see ZIP and significantly lower prices from here. Good luck traders!
Note:
- NYSE: NYSE:ZIP
- Hot sector --> Employees are wanted everywhere
- Labor Demand in US is high
- TAM is good
- SMA10 and SMA20 coming together
- Fundamentals are good
- EPS are ok
- ZIP has "rule of 40" according to SaaS business
Disclaimer and Info:
- No guarantee for the correctness of information or calculations
- No advice or investment advice
-...
ZIP announced great earnings today and potentially has a lot of tail winds in front of them. I believe the company is one of the best positioned to take on the new kind of labor market. Good luck traders!
For safe entry, I am anticipating taking an entry at 26.66 As per the analysis I am anticipating a 27% approx return in a short period of time.
Happy trading
Some volume coming in and MACD attempting to reclaim the centre line.
Price also held and is rebounding off 50-day EMA. Strong candle structure.
Stop: $24.90
Tgt: $31.05
Current: $27.07
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I am not doing much as breakouts continue to make little to no progress after they BO.
$ZIP looks okay but don't like the angle of attack (up 3 weeks in a row into resistance. Will be watching to see what it does here.
IPO intraday trading strategy idea
Ziprecruiter runs an online job marketplace.
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 $21.60;
stop-loss — $19.23;
take-profit —...
