When trading the first day of an IPO, it is impossible to KNOW what the stock is going to do. In trading, it is all about finding levels to trade against to define risk, and that can be done on any timeframe. On Day 1, all you have to work with is that day’s price levels, so that is what you use to frame your trade. The opening print after the halt was $13.00-14.00. Sellers and supply…
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