Volume Weighted Average Price (VWAP) “from an event” often gives us valuable insight into the psychology of the market. For recent IPO’s, I find the VWAP from issue date is often a key level to be aware of as potential support or resistance. Last week I pointed out the potential for resistance in $BABA near … Read More
Has there ever been a worse IPO?
four days ago, NetSuite Inc.(NYSE:N) had an excellent run. Now the stock is experiencing a little profit taking and the best level of support for the stock appears to be near 32.75-33.25 which is the location of the 61.8% retracement level of the rally. That level is also where the Volume Weighted Average Price (VWAP) … Read More