Lets buy the dip!
Check out last ideas (they worked out great). Same bias, bears everywhere, a lot of buyers of PUT options.
In my plan there is full recovery from the downside and going to ATH levels in ~100 days. check out the left side of the chart for similar moves.
Starts trading this week.
Classic Semi-Tech IPO.
Great revenue increase YoY since 2016.
Good market cap.
Expecting IPO at $24 and $30+ at first day of trading.
We are in the Bull market, so buy it if you can.
A new IPO here.
Tenable Holdings, ticker TENB.
Starting trading 26.07.2018
Price range $20-22, should be filled for $22.
I expect it to open at $27 and then to go 40%+ ($30-31) in first day.
Here is why:
Growing revenues at 50.9% y/y, $19 or 5.7x forward sales. Competitors are trading at 11.22x
Previous Cyber security IPOs skyrocketing last half year. As do ...
Many people ask me about my thoughts of Xiaomi IPO and what i think is:
I personally like/love Xiaomi products. But i will skip this IPO and continue specializing on the small tech IPOs.
What i think of IPO as investment:
- Overcrowded (mostly with people who don't participate in IPOs)
- low demand (read latest news, price range reduction).
- its from China ...
We are still looking UP.
Model is still bullish (While we are in the channel and there is no 200 and 100 EMA death cross).
I see 2 cases for a BUY:
1) 2530 + 2480 are the BUY level
2) Retest of breakout (in one week after the breakout of downtrend) at 2590-2620 zone (only in 2750->26xx move in range of 15-may)
With year end target (Say hello to Christmas rally ...