Hello there! Barrie Einarson here from Trade Ideas with an exciting edition of “What Makes This Trade Great.” Today we’re diving into the extraordinary story of a little-known stock that’s made an explosive move, catching the attention of savvy traders and sparking conversations across the trading floor.

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The Unexpected Juggernaut: Nexi’s Unprecedented Surge

Let’s talk about Nexi. Here’s a stock that had a whirlwind day without any discernible reason—no press releases, no earnings reports, absolutely zilch in the news pipeline. Yet, as I speak to you, Nexi has soared a staggering 243%. This is one of those trading phenomena that can leave even seasoned traders both awe-struck and scratching their heads in wonder.

The Lowdown on Low Float

What’s particularly interesting about Nexi is its status as a “low float” stock. For those new to the term, a low float refers to stocks that have a low number of shares available for trading. Specifically, Nexi has fewer than a million shares on the float, making it highly susceptible to big price swings on volume surges, given the limited supply of shares.

Racing Ahead of the Pack

I took a screenshot to give you a glimpse of the heat Nexi brought to today’s trading. Check out this “Biggest Gainers from the Open” list, which is essentially my “racing track” for the stock market. And here’s Nexi, outpacing its competitors with numerous sprints throughout the day.

Sideu was another notable stock that quite frankly could have been the focus of today’s segment, but the limelight shone brightest on Nexi. It seemed primed for a revisit as it set itself up for potentially another big move.

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Capturing the Momentum: Trading Nexi’s Volatility

When we saw Nexi spike, it flew up to a dizzying high of $11 before it hit a rapid pullback. This is where it gets juicy for traders who thrive on volatility. With this type of action, we’re glued to our screens, watching closely to see if the support level holds. At the moment of this post, the Volume Weighted Average Price (VWAP), a key indicator used by traders, stands at $7.46.

The question on everyone’s mind: Will Nexi approach the VWAP, and potentially gear up for another end-of-day charge? It’s entirely feasible—after all, in the stock market, the only certainty is uncertainty.

Interpreting the Tails

Speaking of which, let’s look at Nexi’s chart. Notice the “topping tail” and the “bottoming tail.” These are the wicks at the top and bottom of the candlestick, indicating the highest and lowest prices reached, respectively, relative to the body. Right now, Nexi is caught between these two extremes, a battlefield where bulls and bears are duking it out.

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Sharing the Strategy: The Stock Race Tool

Now, about the stock race, this nifty little tool shows the head-to-head performance of stocks over the course of the trading day—quite a spectacle to witness and a valuable asset in a trader’s arsenal.

“If you’re keen on getting your hands on this stock race visualization, just give me a shout. Respond to this blog post, and it’s yours.”

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Parting Thoughts: Ready for Round Two?

As I wrap up this round of market analysis, the adrenaline is still pumping in the trading room. Will Nexi be the dark horse that rallies once more before the closing bell, or will it fade into the backdrop amid the chaos of the trading arena? It’s this blend of suspense and opportunity that makes trading such a captivating endeavor.

Before I head back to the thick of it, let me leave you with this—a great evening to you all, and may you find your own Next Big Trade. Until next time, keep your eyes on the prize and your fingers on the pulse of the market.

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Goodbye for now and best of luck on your trading journey!