By Jeff Pierce

IPO’s can be very volatile, yet extremely profitable if you can catch the timing. VJET reminds me a little of my FLTX trade suggestion. Strong chart..obviously overbought and due for a correction…RSI remains in bullish uptrend. Any time-frame you are looking at the RSI is in a bullish uptrend as long as it stays between 80-40, which VJET is clearly in that range. There is room for this to sell off further, so do go all in with a position, but now is the time to start thinking about scaling in so you don’t miss the big bounce that is likely coming.

vjet

One Response to “IPO Trade Idea – VJET”

  1. macroape Says:

    It did bounce back

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