To trade IPO with Technical Analysis is impossible as there is no references for past history.
One way is to use the Closing Price (CLP) on the IPO Day as a reference guide.
If the counter stays below the CLP then avoid this counter.
If the counter can stay above CLP then buy it. Stop Loss is the Day Low or Day High on the IPO Day.
This strategy can only be used for upto 6 months from its IPO day.
The best result is 1-3mths period from its IPO day.
Do back test yourself as different market may behalf differently. This observation is done on SGX IPO debut day.
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