LY Corp - A New IPO Stock

Watching LY Corp as it just went IPO today. The stock looks quite supported without much sellers but at the same time, it's also not ready to move as the queues were pretty heavy for now. However, studying the minute chart, it looks like the stock is like in some absorbing mode with a slow process. I am bullish on this counter in the mid term but with this market conditions, I have to be alert and wait for a good timing for entry.



Ronald K - Market Psychologist - A Stock Market Opportunist