$HRT working on an IPO primary base. Putting in a low cheat below its 50 MA.
Noticeable IPO relative strength.
Will be watching how this acts below that $15.75 supply line.
One of the better looking setups out there.
$HRT - 6 months into its IPO. latest post ER trading on 22/3 displayed an episodic pivot (@PradeepBonde) behaviour.
currently a HTF setup with declining wedge pattern on lowering volume. key level to be taken out coincides with VWAP from IPO and ER, and a flattening 10MA at $16
IPO intraday trading strategy idea
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $17,55
stop-loss — $18,23
take-profit — $15,51/MOC price
Do not view this idea as a...