Hey there, it’s Barrie Einarson from Trade Ideas once again for another edition of ‘What Makes This Trade Great?

In today’s post, I’ll walk you through a fantastic example of a trade that perfectly exemplifies the power of the combo scan technique that I’ve been championing over the past few weeks. If you’ve been in this space for a while, you’d know what I’m talking about. But, just in case you don’t, let me quickly fill you in:

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The Combo Scan: Combining Strengths

Traditionally, we’d have two separate scans: the ‘Abnormal Option Activity Scan’ and the ‘Ten Day Daily Breakout’ scan. However, I decided to bring these two powerful tools together in one seamless scan. Doing this has given us the opportunity to cash in on fantastic trading setups- ones that I’d be eager to see each day.

So, without further ado, let’s jump straight into our trade for today, TPIC.

Case Study: TPIC Trade

Okay, I could’ve selected several trades from the combo scan, but TPIC really caught my eye. Unfortunately, due to an early computer reboot, I couldn’t capture the exact moment when TPIC alerted. However, I have information that the alert happened at around 3:17.

We had other early alerts from this combo as well. Remember Quadruple C from my video yesterday? That one also alerted early. In fact, we had a trove of great alerts including Nova and STTK.

Looking at TPIC specifically, it alerted us at 3:17 and then had an unbelievable run before it retracted to the $4 price point. This is a massive percentage move for those who traded it!

Here’s the incredible part: we’ve been watching this picture evolve for a while now. Let’s do a deep dive into its weekly chart.

Unraveling TPIC’S Weekly Chart.

“Nobody is saying it’s going to get up here to $5, but you can see it’s kind of got that look that it could start to keep filling in this void.” – Barrie Einarson

It may not reach $5 immediately, but there’s an interesting possibility that it could continue filling in the observed price void.

Bringing it All Together

Truth be told, this combo scan is pure gold! Seriously, if you don’t have it yet, come over to the trading room. I’ll be more than glad to share it with you.

So, that’s the fascinating TPIC trade guys. The combo scan is casting a whole new light on potential trades. I can’t wait to see what it uncovers tomorrow. Until then, keep monitoring those charts, and we’ll be back with more tasty trades tomorrow.

Remember, the power of these strategies lies in their combined effect, don’t overlook the potential here. So, have yourselves a great evening, and I’ll see you in the trading room tomorrow!

I wish you all successful trading.