AFRM from hot to chop to hot again…
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— The God of Trading (@TheGodOfTrading) February 11, 2021
AFRM had its debut in trading yesterday.
As per the Buying IPOs For Dummies strategy the high of its IPO day at 103 was the trigger to buy the stock. It triggered on the today’s open. In day trading on a pullback, there was a intra-day buy at 107.80. That is the day-trade entry and could be the long-term entry for investors if one is a holder instead in a trader.
The stock has been as high as 139.98 today.
The stop as of this writing, is either at breakeven for the day trade or on a break of 103 long term as per the IPO strategy.
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$AFRM – the hot #IPO this week lived up to its "hot" today, as per the #BuyingIPOsForDummies strategy, a buy at 107.8 after crossing its #IPOday high of 103 it is, at the moment, above 130, up 27%.https://t.co/godOzTK7tp pic.twitter.com/RhNQ8PfGwK
— The God of Trading (@TheGodOfTrading) January 14, 2021