nCino - Market cap $6B - Hot IPO that has cooled off. Ready for a trade.
20 day MA is a weak support that might hold this time due to momentum and upcoming earnings. If 20 day MA holds, I'll expect the .6 fib to be our next ceiling. At that point, a new analysis is needed to see if you wish to hold through earnings.
Stop order around $69
I'm in @ $72.
By the way, great company prospects and earnings growth every quarter.
20 day MA is a weak support that might hold this time due to momentum and upcoming earnings. If 20 day MA holds, I'll expect the .6 fib to be our next ceiling. At that point, a new analysis is needed to see if you wish to hold through earnings.
Stop order around $69
I'm in @ $72.
By the way, great company prospects and earnings growth every quarter.