All SPAC IPO's have seen great gains before they even merge. This one is a company that was founded in 2004 in silicon valley. It supplies field programmable gate arrays, the electronic components used to build reconfigurable digital circuits for use in 5G equipments and cloud computing. Among its competitors are Intel Corp. and Xilinx Inc.
It is a great play and the consolidation is almost over as you can see the declining volume. You may enter with a small position and keep an eye on it. There is no guarantee will touch support but if it does you can increase your position there. The upside if patient will pay off.
I am not a financial adviser and this is not an advise to buy.
Disclosure: The writer has a position open in the company.
It is a great play and the consolidation is almost over as you can see the declining volume. You may enter with a small position and keep an eye on it. There is no guarantee will touch support but if it does you can increase your position there. The upside if patient will pay off.
I am not a financial adviser and this is not an advise to buy.
Disclosure: The writer has a position open in the company.