Great find on the day of the evening stars. After the Tech selloff it was a matter of looking at what candle was going to create the massive "Hammer". Eventually if you combined the three candles of the Morning Star Pattern, you get a big "Hammer". This one closed above the mid point of the sell of candle (~$24.76) and above the mid point of the IPO Opening candle...
Mulesoft - this looks like an IPO that might be worth following: downside about 10%, upside incalculable. But use a stop just under 23.5 to safeguard yourself from a Snap dilemma at any point in future...a long-term investment is often a short-term investment gone-wrong, no?
MuleSoft $MULE IPO price $12-14 (possibly $15-16 due to high demand). Revenue in 2016: $188M Debt: $0 IPO size: 13 000 000 shares. Total shares: 127 900 000 shares. Potential valuation: $1.8B ------ Company was created in 2006 and does the iPaaS for corporate companies. Revenue last 3 years: 58M, 110M, 188M Costs: 88M, 142M, 187M which is mostly marketing...