$ZI a potential IPO runner
I have been watching several IPOs lately, some tend to fall 50%, hover around there and took off. Some like to immediately climb up, then retrace 50%, hover around and then take off.
The latter group tend to form this W pattern on the weekly or daily, once the middle neck of the W is broken, the IPO tend to make a strong bull run (if it is in a popular tech industry like this one)
I will probably initiate a position soon, once I see some black or red day have its high broken
The latter group tend to form this W pattern on the weekly or daily, once the middle neck of the W is broken, the IPO tend to make a strong bull run (if it is in a popular tech industry like this one)
I will probably initiate a position soon, once I see some black or red day have its high broken
Kidze
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