The Fundamental reason for NIO weaknessNIO's IPO was welcomed with much fan fare but has weak since close of its second day trading. I'm watching a tight 4hr pattern here, but coming across some fundamental information has me leaning bearish on this stock.
As for the fundamental news, the author of the article linked below poses the $12 billion question:
"A question. Is the untested EV startup NIO without its own plant, or manufacturing license, backed by Netease, an internet gaming company, with its $1.67 BV/Sh and $12B market cap, really worth a 60 times higher Market Cap than time tested profitable NASDAQ listed Kandi Technologies, (KNDI) with only a $200 million market cap?"
finance.yahoo.com
IPO
LET INSPIRE FROM SPECULATIVE MOUVEMENTJust looked at IPO in switzerland this year. After a speedy scroll I was captured by two projects. Medartis and Sensirion.
Sensirion just mooned and if I had a little more time for stock market it was a clear buy for me.
Now let analyse Medartis.
IPO are tricky. There are differents movement after an IPO and you can enter in a golden egg goose but you can easily be trapped in a bad affair.
Now we can identify some important similarities.
let look at sensirion right.
1) post IPO speculative push
2) overbought corrective sell off
3) shy afflux of investor with a growth within the channel
4) break out of the top.
5) consolidation on the old top
6) explosion $$$$
left Medartis
1-4 are done.
felt 5) consoldation and 6) explosion
Now. I noticed it yesterday and I was concerned to buy or not.
Now is approaching the superior resistance of the channel and is inside a small rising wedge with some bearish divergence on indicators on higher timeframe.
So I decided to stay out and buy a pull back, and I will protect me inbetween with a stop above the channel.
Will it work what I'm telling you?
Maybe. There is a clear difference between this two ideas
Sensirion growth so fast in less time, as sign of strong interest. Medartis is growing but more slowly.
Even if this two movement are similar you can see that in august there were 3 big spike (first before the break out), signaling that someone passed big buy orders.
Medartis is more shy but the break out put him in an interesting situation and the pullback would be for me a clear buy opportunity that I won't miss. From there reevaluation of what happens with easy to place stop loss.
High Reward/Risk ratio
BIO
NIO, IPO, Tesla Competitor? Huge Potential Gains!This was released under IPO price. Im long @ 5.99.
Tesla competitor and much more involved with this company, just no need to go into much detail.
Cant beat under IPO price, and huge long term possibilities with this company.
They may be the first producers of an affordable electric car to start.
This is high risk, as noone knows what could happen.
I have a 100% success rate with IPOs this year so far, just mentioning.
Happy trading , debating, and speculating!
PDD 1st inside day after IPO,let's see how momentum worksThere are plenty of bear news after this IPO to break its initial price 19.00 yesterday.
People in China keep on making fun of the quality on this platform recently, many of which are genius lol.
Still, to short an IPO is not that easy so that we can take the recent slump as profit taking and stop loss selling cycle,
when it's already in 19.00 and form an inside day, to long the breakout is still a trade that worth the risk (only if having gigantic risk appetite) .
On the other hand, if it breaks to the downside, the panic momentum would probably make new lower low than the mother bar.
So it'll be interesting to watch how the market deals with this inside day, and maybe use some tiny risk to take part in the party for me.
Let's see how it goes!
Tilray INC, TLRY. IPO release, high risk trading!lets keep it simple.
if you havnt check out my other crazy accurate charts, then go ahead!
I dont like charts without data, but this recent IPO release should be positive for the chart.
We can only really look at smaller time frames for this since its out for a few days, im playing bounce zones. No long terming here.
we have buy signals starting to stack on the 15, and reaching a level of resistance.
Lets see how it plays out. Not much else here to look at, mostly speculation.
I want everyone to win!
Happy trading, debating and speculating!
Tenable IPO - $TENB - just do it.A new IPO here.
Tenable Holdings, ticker TENB .
Starting trading 26.07.2018
Price range $20-22, should be filled for $22.
I expect it to open at $27 and then to go 40%+ ($30-31) in first day.
Here is why:
Growing revenues at 50.9% y/y, $19 or 5.7x forward sales. Competitors are trading at 11.22x
Previous Cyber security IPOs skyrocketing last half year. As do many leading cybersecurity companies, see $HACK etf's chart.
As of December 31, 2017, the company had 24,000 customers including 53% of the Fortune 500.
the firm has increased the price range from $17.00 - $19.00 to $20.00 - $22.00 and has increased the number of shares to be sold from 9.2 million to 10.9 million. (thats usually bullish!)
the company has almost no financial debt.
Research&Dev, Cost of revenue and Sales&Marketing costs are growing slower than revenue. Eventually the company will be profitable someday ;) But who needs profitable company in the market? ha-ha
p.s. Keep calm and buy Tech. We are in the bull market (everyone except the Zerohedge readers).
TGODF Green Organic Dutchman Holdings LTD, Big Bull Flag?Lets keep it simple!
I've watched TGODF since release go from 2 to 6 in one month. 300% gains that soon may require a pull back.
There is not enough data to look at the longer time frames, as the shorter ones provide more current movements.
I've drawn a nice wedge pattern from the highs, and also found a larger BULL FLAG in the making. By the end of the month we should see where this is going.
Im going to wait until a safer entry zone appears, closer to the $4.30 area at the 618, and even the 786 area could be a second buy zone at the $3.7 area labeled in green.
The Ichimoku on smaller time frames is crossed bearish, and momentum continuing sells. but we can also see a decent amount of buy signals oversold, which I wont be counting on, considering the smaller time frame. There are no buy signals on the more important 4 hr to the WEEKLY.
A breakout of the wedge seems less likely, but still possible. Im a safe pull back level buyer, and will wait until they are reached, or move on to a different trade.
Happy Trading, Debating and Speculating! FOLLOW for more updates on all my charts!
SOGO shooting star short set upHere we have a short set up for SOGO,which has gone up a whomping 75% in the last 2 months on speculation.
Yesterday we had a high volume shooting star, a common reversal pattern, and arguably a 'blow off top'. Today we retraced along the wick of that shooting star, creating a short opportunity for brave traders. I believe win probability is below 50%, but a tight stop can make up for that. Target is 13.01, or as low as volume node at 9.45.
Cheatsheet on shooting stars: i.imgur.com
A look at NFLX IPOFrom the public open price of NFLX to its all time low 139 days later it lost ~70% of its value
(remember the numbers are lower because NFLX has had 2 stock splits in the past, once was a 2:1 and the other was a 7:1)
After it started to recover from the dip, it consolidated under $0.70
It then broke out and retested that $0.70 level and that area circled in green would have been a great area to buy for the long term either at $0.70 or as it started bouncing from that price
I will say I don't expect IQ to get beaten up as much since NFLX was kind of a pioneer at its time where as IQ is similar to a proven business.
SPOTIFY IPO; Ready for for a 30% gain after it's opening week ??Not a fan of stocks, but love watching IPO's:
NYSE:SPOT just released this week; here's my take on the chart after it's first week of trading...
Price action has now put our first bottom in place, where I'd expect 134 to be the HARD floor price before any further declines.
However, the range (green shaded zone) from the past 2 days, 'IMO', is the catalyst for a breakout, ideally in the upper direction. There is the option for a breakout below of course, and a bottom retest, but it is my opinion this does not occur.
It's first stop? It's 'ATH' on opening day (169), where naturally would anticipate a reaction/stall/retrace, and further continuation up to the next level (175), where I'd again see a stall, ?retrace?, before finally making its way to the 188 price level (green hash-line). Time frame for this is not relevant, but with the current markets volatility increasing, and this still a new issue, might happen sooner than later.
It is here where depending on how price action moves at this level, I would determine if it makes it's way towards 200 or we see declines back towards the original breakout zone (green shaded area).
Will update as price hits any of these levels, above or below. Excited to watch it play out. Let me know your thoughts or if anyone is buying :)
(full disclosure: I do not own this stock at time of analysis, nor do I intend on purchasing at any time; consider for education only)
** These are based off current support resistance, supply and demand, and measured/forecasted moves.