CNM to outperform distributors This looks like a great trade, I'm already in, sorry for the late post.
Core & Main, Inc. Class A
No trades
Market insights
CNM - Hourly Up Channel BreakPrice is currently sitting above this up channel nicely.
If it hodls support here then we could be looking at further extensions which is what I have plotted with the bars pattern.
W patterns are common on this chart.
$CNM is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $22,03;
stop-loss — $20,99;
take-profit — $25,15/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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