Along with the popularity of individual IPOs, the Renaissance IPO ETF—trading under the apt “IPO” ticker—has built a hype train of its own. The ETF had $40.5 million in assets under management on December 31, 2019 and ended 2020 with more than $740 million, a whopping 18x increase.
Technically, it is in the bullish trend, price is sitting on the support level around 57.50, so we should wait till it breaks the correction line and then buy.
Write in the comments below which company you'd like to see in my next analysis.
Technically, it is in the bullish trend, price is sitting on the support level around 57.50, so we should wait till it breaks the correction line and then buy.
Write in the comments below which company you'd like to see in my next analysis.
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