Renaissance IPO ETF
Long

IPO

85
The IPO stock is in an upward trend on the monthly chart, and the weekly chart indicates that it is likely to reach a higher peak than $77. The downward trendline formed by the 2021 high has been broken. We will wait for a pullback and enter when the green trendline is touched or when the red downward trendline is tested. We will monitor the stock in the coming period to identify a good entry zone. I will post an update on the chart.



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