$BRLT is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $16,12;
stop-loss — $11,75;
take-profit — $29,77/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
IPO
$HOOD can start buying pullbackHave been watching this ticker like a hawk. Those following me on twitter also noticed I have a few shares average $40.3 on $HOOD. It breached the 9 VWEMA today with strength. I'm going to buy any pullback going forward.
the 50% drop from IPO seems to be a trend. Spraying orders between $46 and $40
BROS - TA on an IPO?We're going to start day 6 of BROS soon. It's gone up over 100% in the time and I suspect most are expecting a dump.
It's got "Meme" value as WallStreetBets starts to get traction on the stock.
The actual stops motion has been a step ladder up. Forming supports as it goes up.
Here are all the supports I have identified as we go into day 6.
As a day trader. I am looking for long positions still. Even if my un-bias wants to predict a slow bleed, that won't get me money fast. I need to make sure I'm catching the huge swings to get my pay check.
$PATH reaching that 50% markanother IPO I'm watching that is reaching its 50% drawdown from IPO high. IPO tends to react or reverse at those levels (if it's a good business).
We also have finished wave 5 down target. Nice up volume day on Sep 17.
Just a watch, I would wait for a great impulsive move before entering. Bottom might come in the form of daily Sequential or Combo 13.
$TASK a potential strong runnermissed my entry at $65.27 break. It is the standard buy level at 25% of the up move measured from the pullback. Tech IPOs have had a strong run. $QQQ today looks to curl and recover to break new ATH so new tech IPOs are the play.
Look to enter if there is any pullback.
$ACT is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $20,68;
stop-loss — $19,16;
take-profit — $26,52/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
$FORG is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $35,14;
stop-loss — $33,03;
take-profit — $41,47,/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
$PRCT is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $38,23;
stop-loss — $32,39;
take-profit — $55,75,/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
DoorDash: The Stock that Hedge Funds LoveIn this post, I'll be taking a fundamental and technical approach to DoorDash ($DASH), an American delivery & takeout platform.
For more information on the company since its IPO, make sure to check out the post I uploaded in Dec. 2020 by clicking the chart below.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Fundamentals
- DoorDash has shown tremendous growth compared to its counterparts like GrubHub and UberEats, during the Covid pandemic.
- In terms of meal delivery shares, DoorDash currently covers 57%.
- Dashers - the deliverymen on DoorDash - are gig workers, but the Biden administration has signaled that they should be classified as employees
- This would induce additional costs, and with DoorDash still not being a profitable company yet, this could negatively impact the stock's price.
- While this company is still not profitable, their Q2 financials demonstrate great growth trajectory
- Their increase in revenue isn't amazing, but the absolute value is quite high.
- Their Gross Order Value (GOV) has been growing for 5 consecutive quarters.
Technical Analysis
- The chart demonstrates that the stock is very volatile.
- But ever since we tested the IPO price support in May, we have been in an uptrend, forming higher lows and higher highs.
- The price is trading above the Exponential Moving Average (EMA) Ribbon
- A break and close above $214 could lead this stock to retest its all time highs at $256
Institutional Investors
- SoftBank holds the most stocks, owning 12.89% of the company (43.5m shares)
- The runner up on the list is Sequoia Capital, with 11.66%
- Tiger Global Management holds 3.23%, and Morgan Stanley Investment Management holds 3.13%
- Among known hedge fund managers as well, the top holders on the list (by order) are:
- Chase Coleman (Tiger Global Management)
- Jim Simons (Renaissance Technologies)
- Ray Dalio (Bridgewater Associates)
- Ken Griffin (Citadel)
Conclusion
DoorDash is a very interesting company with a business model proven successful by other companies overseas. It would be important to see the continuation in growth momentum and the company turning profitable in the next few years. Especially with a lot of institutional interest, this stock could definitely be added to your watchlist.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight :)
$HOOD 50% drop from IPO highI have been observing hot IPOs price action for a while. If it is a hot stock, there are 2 ways it usually goes:
1. Straight up drop 50% from the IPO day, then finds good entries there. Example: $COIN
2. Get super hyped and went to the roof. Made IPO high, then drop 50% and find good entries there. Example: $CRWD, $SNOW, $ZI
I believe $HOOD belongs to the second category. Current price is a low risk entry for those who are interested in owning it. Beware of the drama with the SEC about Payment for Order Flow and gamification of stock trading.
$ZI a potential IPO runnerI 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
watching this companyfound it on fintwit. Fundamentals look strong. A bit overpriced according to my DCF (around 50% overvalued with positive assumptions), however price action seeks my interest.
IPOs that are overhyped tend to have a strong run before reality strikes and price adjusts. $TASK might be on one of those runs.
Time To Buy Coinbase? [LONG]With all the excitement around Robinhood's IPO this week and the recent resurgence of Bitcoin its easy to forget about COIN, after what appears to be the completion of a 51% retracement in price according to the Fibonacci retracement we see here.
Since this retracement, COIN has quietly sprung 30% in price and appears to only be getting started if the chart I have illustrated here holds true.
COIN has broken shallow retracement areas of its pull back and now appears to be gearing up for what could be an 8% move to its first target at around $292 per share.
It is currently at a perfect low risk high reward trade currently as your likely risk to start off (if entering a long right this minute) would be -3%. However, your reward would be 8% and that would only be getting the party started.
Anything below $259.92 is bearish and we want nothing to do with this asset at that point as this would be a breaking of the .236 fib level. It should be noted that a daily candle close below this level is what we would be looking for to confirm the bearish scenario.
In the meantime this looks like a possible fun trade as the crypto market appears to be buzzing again and who none other than Coinbase should stand to benefit mightily.
DASH Potential BreakoutDash ascending triangle breakout could look like this
Bullish if confirmation is printed in the form of a break and retest.
LMND ~ Multiple Support levelEvery circle in the chart is pointing out a test of the support level at $80 approximately. As you can see, since the IPO, we have tested this level multiple times.
The arrow in the RSI shows a positive divergence, where every test had a slightly higher level. Unfortunately, if you used this method on the range from early March to late April, you would have gotten stopped out most likely as we had a failed breakout.
We are getting another potential setup, as the RSI is once again diverging, and we are testing the same support level. The one thing different aspect with the latest positive divergence is we never got under 30 RSI; which is a signal of strengthening.
$ADGI is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $22,08;
stop-loss — $19,39;
take-profit — $30,15,/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Mind the Gap: HOODThe Robinhood NASDAQ:HOOD IPO continues to be an interesting stock to watch. After holding the 50% Retracement it failed to make a new high. Now is it breaking the retest and near the close today is testing the gap open from yesterday.
The big brain play is to short meme stocks like this... but how? Shorting shares carries unlimited risk and buying Puts burns capital as volatility and time decay. In my Livestream tomorrow 4pm Eastern (at the market close) I'll look at a few strategies traders can use to bet on the hype failing and capture the FOMO pain gains.