Long
Possible opening move of Ant Group
The issue of shares for IPO has been extremely oversubscribed both in HK and SH.
So I expect it will shoot up on opening as everyone is trying to get on the wagon.
Then once the hype dies down the heat may blow over and it will fall to reasonable levels from which it will start to grow. Probably something similar to how Tencent did at launch.
So I have placed market order for opening and will monitor once the heat blows off will sell at a bit of profit.
Then will wait for a reasonable entry point to pick it up again for long term growth.
So I expect it will shoot up on opening as everyone is trying to get on the wagon.
Then once the hype dies down the heat may blow over and it will fall to reasonable levels from which it will start to grow. Probably something similar to how Tencent did at launch.
So I have placed market order for opening and will monitor once the heat blows off will sell at a bit of profit.
Then will wait for a reasonable entry point to pick it up again for long term growth.
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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.