Hello, traders and financial enthusiasts! Barrie Einarson from Trade Ideas here, back with another edition of “What Makes This Trade Great”—where we dissect and analyze real, winning trades, to unearth techniques you can incorporate into your personal trading strategy.To Subscribe: https://go.trade-ideas.com/SHQ
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Today, we’re focusing on an exceptional trade recommendation from Rai, featuring BBLG. Let’s take a deep dive and learn what makes this trade tick!

The BBLG Alert: The Rise from Pullback

Let’s set the scene: BBLG was sitting at around $5.36 per share. What’s intriguing is that this was after the stock had climbed to $6.50 and experienced a pullback. Here’s the exciting part: this pullback wasn’t a cause for alarm, it was an opportunity!

“Pullbacks are not a drawback; they’re a setup for a potential long position.”

BBLG was receding back, and as traders one of the golden rules is to never fight the trend. So we were watching it closely.

Making the Move: Buying on the Rise

As BBLG bounced back up from its pullback, Rai’s alert came into play at $5.36. This was the opportunity to jump in for a buy. And that’s exactly what happened. From there, BBLG didn’t look back.

Tracing its step, BBLG moved from $5.36 achieving a staggering climb up to $10.56. Even though it later pulled back, if you’d gotten in at the right time, you’d still be in the green. Let’s say you held on to it and sold it off when it was at $6.50, that alone represents a 21% gain from the entry point at $5.36.

“Even with selling some or all of your position during a pullback, there are still ample opportunities to lock in profits.”

An Explanation for the Gap: Trading Halt

Were you wondering why there’s a vast gap in the chart? Here’s your answer: BBLG got halted.

In the midst of its formidable climb, trading on BBLG was momentarily ceased. When trading reopened again, BBLG started at a higher position, leaving a gap between where the halt began and resumed. The magic didn’t stop there; the stock persevered and continued to surge upwards, reaching $10.55.

This halt and gap aren’t something to be nervous about. In many cases, trading halts can result in an impetus for powerful upward movements, as was the case here with BBLG!

Wrapping Up

This stellar performance by BBLG, underscored by an alert from our AI system, highlights the importance of a well-timed trade. Pullbacks should not be seen as a threat; instead, they could be the perfect setup for a long position.

Perfectly timing the buy-in at $5.36, exploiting the pullback and riding the wave up to $10.56, this trade demonstrates how a careful approach and prudent decision making can lead to appreciable gains in trading.

That’s it for today’s edition of “What Makes This Trade Great.” Thanks for joining me and, as always, I’ll see you in the trading room tomorrow. Happy trading and let’s make those intelligent investments!