IPO Base strategies.
Ipo based breakouts always works good when it breaks the first day high,
but while trading such stocks we need to keep watch on the movement of the stock when it breaks the high.
if breakout don't sustain it can leads to lose.
and if it sustains there is high probability of good returns in few days.
This is just my own opinion, trade using your own strategies and risk.
but while trading such stocks we need to keep watch on the movement of the stock when it breaks the high.
if breakout don't sustain it can leads to lose.
and if it sustains there is high probability of good returns in few days.
This is just my own opinion, trade using your own strategies and risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.