Figma first potential support $68

I saw a lot of conversation about FIG post IPO. I thought I would share a chart on where I assume first major support exists and where the potential top might be.

$68 is first major support area. It's not a guarantee, support could be much lower because of how high above IPO price this opened, but if you want this stock I would start there with my bids.

Now *if* $196 is hit, that's where it's highly advisable to exit and sell. IPO buyers are *highly* likely to exit there.

Good luck!

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It's fallen a bit through the first potential support today. It might be a weak attempt through and could climb back above $68. However if not, and $68 becomes resistance then look for the next likely major support at $40, which is just above the ipo price of $33. Current price at 42X revenue might be too expensive.

Good luck and plan risk accordingly as FIG is trying to find solid ground.

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It's hard to tell as it's playing just under $68 right now, but if I had to bet, I would bet earnings will lift FIG. Good luck for anyone holding tonight!

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I guess the market doesn't like those results $249M revenue right with expectations, and forward yearly forecast above estimates. If the market doesn't rebound I think we're looking for $40.

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Let's hope it's not strong resistance now 🤞. If you think it is or you want out, this is where to do it.

bwy

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bwy