$ZI a potential IPO runner
I have been watching several IPOs lately, some tend to fall 50%, hover around there and took off. Some like to immediately climb up, then retrace 50%, hover around and then take off.
The latter group tend to form this W pattern on the weekly or daily, once the middle neck of the W is broken, the IPO tend to make a strong bull run (if it is in a popular tech industry like this one)
I will probably initiate a position soon, once I see some black or red day have its high broken
The latter group tend to form this W pattern on the weekly or daily, once the middle neck of the W is broken, the IPO tend to make a strong bull run (if it is in a popular tech industry like this one)
I will probably initiate a position soon, once I see some black or red day have its high broken
Kidze
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Kidze
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.