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IPO

Long trade in TOSTTOST went public in late 2021 - just in time to get slaughtered in last year's bear market. But the stock is now turning around. I like the late-2021 and 2022 IPO bucket since a lot of these names have not had a chance to shine in a healthy market. Many are trading for a fraction of their IPO price and beginning to shine. TOST is one of them. After nearly doubling off its lows in the middle of last year, TOST began forming a large consolidation base. Notice how the stock respects its 200-day moving average. What was initially resistance has become support after reclaiming the 200-day, and TOST is now breaking out to new 52-week highs. Last week's pullback to the 21-day moving average (blue line) was immediately bought. We are seeing tennis ball action as TOST jumps right back to its highs which is a good sign of support buying. We are seeing the first base breakout in the stock's history which, historically, has led to substantial upside moves in new companies with game-changing products like Toast. NOTE: The company reports earnings on Thursday, 2/16 so I will be keeping exposure light until we see the numbers and how the stock reacts.
NYSE:TOSTLong
by rossgivens
POLYCAB!! MAJOR TRENDS!Polycab is a great stock with a good fundamentals. i have drawn the major trends supporting from its IPO time and from corona's crash. from past 14-15 months the stock is following the same channel, and has given about no returns. since it has a good fundamentals and the sales are growing nicely, i see a good upside movement. but on the flip side, this channel is acting like a consolidation part after the movement given after 2020 crash. this also says the strength of the stock, which is preventing the stock to fall. after 20th June, it has kept on rising, and recently it gave a pullback. but its a good stock to now buy, since it is landed on a good trend line, and will now rise further on. in the couple of months, i see a good upside movement on this stock. the large blue line which i have drawn is just a speculating line, if possibly the stock gets a good movement, it could go on further rising to that line.
NSE:POLYCABLong
by raghavchoudhary2016
Perfect Buy Points: IPO’s – The Primary BaseJS-Masterclass #8: Perfect Buy Points: IPO’s – The Primary Base When it comes to investing in IPO stocks, new issues don't play by the usual rules. Companies making initial public offerings draw a lot of investor attention. That often results in unusual and brand-new chart patterns. Volatility can rise as investors size up demand for the new stock. Yet there are opportunities in these cases, if you can spot the correct characteristics amid the price-and-volume action. The framework of a good IPO base is simple. The decline from peak to low usually doesn't top 20%, but the most volatile markets have produced declines of up to 50%. The length is often less than five weeks and can be as short as seven days. These two factors alone make IPO bases wayward cousins compared with proper bases, such as the cup with handle and flat base, which need at least five to seven weeks of work. In an IPO base, the pattern typically starts within 25 days of the stock's first day of trading. Know the important similarities with regular bases. For example, the buy point is drawn by taking the prior high and adding 10 cents. The price gain on the breakout should be strong. There are ways to evaluate these blind spots, however. Important factors include seeing a shallow correction within the base during normal market conditions, a large increase in price and a close near session highs on the breakout day, and heavy volume on the breakout day and week. Also, the stock should generally form the base above its IPO price. Example - ServiceNow (NOW) The business software company, went public in June 2012, at 18 a share and has built its primary base during the period from the initial offering to April 2013 when the stock developed its first perfect buy point.
NYSE:NOWEducation
by JS_TechTrading
Special Entry Patterns - IPO'sJS-TechTrading Masterclass : Special Entry Patterns - IPO's In a previous tutorial, I have explained the general characteristics of a perfect buy point. In this tutorial, we will look at IPO's (Initial Public Offerings) and discuss how to identify primary bases. IPO's coming out of primary bases can make huge price moves - let's discuss how to find the next monster mover, similar to what stocks like Amazon could achieve after their Initial Public Offering phase. Perfect Entry Points – IPO’s – The Primary Base When it comes to investing in IPO stocks, new issues don't play by the usual rules. Companies making initial public offerings draw a lot of investor attention. That often results in unusual and brand-new chart patterns. Volatility can rise as investors size up demand for the new stock. Yet there are opportunities in these cases, if you can spot the correct characteristics amid the price-and-volume action. The framework of a good IPO base is simple. The decline from peak to low usually doesn't top 20%, but the most volatile markets have produced declines of up to 50%. The length is often less than five weeks and can be as short as seven days. These two factors alone make IPO bases wayward cousins compared with proper bases, such as the cup with handle and flat base, which need at least five to seven weeks of work. In an IPO base, the pattern typically starts within 25 days of the stock's first day of trading. Know the important similarities with regular bases. For example, the buy point is drawn by taking the prior high and adding 10 cents. The price gain on the breakout should be strong. There are ways to evaluate these blind spots, however. Important factors include seeing a shallow correction within the base during normal market conditions, a large increase in price and a close near session highs on the breakout day, and heavy volume on the breakout day and week. Also, the stock should generally form the base above its IPO price. Example - ServiceNow (NOW) The business software company, went public in June 2012, at 18 a share and has built its primary base during the period from the initial offering to April 2013 when the stock developed its first perfect buy point.
Education
by JS_TechTrading
Can $MNTK continue to lead the Utilities sector?Notes: * Recent IPO with steady up trend * Not the best earnings in the recent quarters * Basing for the past ~3 months * While basing it bounced off of its IPO highs around the 13.8 area * Recently breaking and holding above a pivot area between 16.65 and 16.9 * Daily and weekly volume seems to be indicating buyers coming in and the UD ratio seems to be indicating the same Technicals: Sector: Utilities - Utilities - Diversified Relative Strength vs. Sector: 10.61 Relative Strength vs. SP500: 35.4 U/D Ratio: 0.96 Base Depth: 46.96% Distance from breakout buy point: -15.4% Volume 31.76% above its 15 day avg. Trade Idea: * You can enter now as the price is holding the 16.9 area as support * If you're looking for a better entry you can wait to see if it retests the 16.9 area again.
NASDAQ:MNTKLong
by HaseebKhan_90