A Tale of two Sell Offs POST IPO analysisA look at the two largest sell offs in the opening day gives us some data (with decent volume) on market structure.
Only recently have we seen a little buying support around $29-$30, but not nearly enough to consider significant accumulation.
Accumulation could happen in the lower range between $28 - $30 going forward, with the significant possibility of a breakdown and accumulation under 28$ before going to new highs.
Look for a 3rd wave of sell offs with volume, to find the range for more accumulation
