$ARRY is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Array makes solar trackers, which move panels during the day to maintain optimal orientation to the sun.
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 $30,30;
stop-loss — $28,10;
take-profit — $36,90.
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.
ARRY trade ideas
ARRAY 1-15-19 MonthlyAppears to be in an uptrend trading range on the monthly chart. Sitting right on the SMA20 which has been support as of late. MACD is converging again. The volume mid-way through the month sits at about half the average monthly volume. Recent news of the BEACON CRC Trial and upcoming catalysts may provide the push needed to jump into the upper half of the channel.
ARRAY 1-15-19 MonthlyAppears to be in an uptrend trading range on the monthly chart. Sitting right on the SMA20 Monthly line which has provided support in the past. MACD are converging again. The last time there were three red candles in a row was March to May 2017. Recent development news could spark a jump up to the upper portion of the channel. The monthly volume sits at roughly half of the average monthly volume midway through January.
ARRY is my pick of the dayForming a nice flag, but has not confirmed yet. Waiting for a cross above 13.74. I love flags. They are excellent trend confirmation and easy to identify.
Also, you can scroll up and down the chart time frames. They all look pretty good; from the 15 minute to the 1 month.
I will add to my watch list. You should too.
ARRY - Long - Swing+ Broke out earlier this week on very high volume
+ Prices retraced back towards the rising 5ema
+ Broke-out again with but on very low volume
- upper shadow on Friday's bar
- the range of sideway move over the past few days were a bit too wide, subject to volatility (& chopped) even if successful break-out formed
- Target was beyond 2 yr high