Hello, fellow traders! Barrie Einarson here, and in today’s edition of “What Makes This Trade Great,” I’m excited to dive into a truly phenomenal trade that surfaced on our radar. Before I unveil this gem, let me just express the exhilarating rush of spotting a diamond in the rough, especially in the electric vehicle (EV) space—a sector teeming with innovation and growth potential.

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Double the Insights: AI and My Favorite Scan

In the thrilling world of stock trading, there’s nothing quite like the confluence of artificial intelligence and finely tuned scanning tools. So, when both these powerhouses signal a winner, you know you’re onto something special. And that’s precisely what happened with QS!

The magic unfolded at 9:53 Eastern Time with an alert at $7.80 coming from two distinct yet equally insightful sources: our Trade Ideas AI and my personal go-to scan. Both recognized the latent potential wrapped up in this stock, but it was the additional details that truly showed how exceptional this opportunity was.

Unearthing an EV Goldmine

So, why did QS catch our eye? It wasn’t just the numbers—349 million shares in the float—it was the jaw-dropping 45% stock price increase. You don’t stumble upon such a staggering uptick every day, especially for a company with a float of that magnitude. It signals something special, a harmonious combination of factors stirring the market’s excitement.

“For a stock to be up 45% with that float is incredible. It truly is incredible.”

The Technical Tale: A Chart Worth a Thousand Words

Now, for the technical traders out there, feast your eyes on this weekly chart:

When you glance left at the chart, one peak stands out—the lofty height of $13.83. Remember, we’re not soothsayers predicting that QS will soar to these stratospheric levels, but as seasoned traders, we can appreciate the room it has to run. And there’s more. A daily high lurking around $9.67 lies just out of view. Should QS break past this threshold, well, “look out” is the understatement of the year.

The Intriguing Backstory: EV and a Wave of Good News

You probably wonder, “What sparks such a significant pricing shift?” Good question! QS is an EV play—and these days, any news in the EV sector can send stocks hurtling through price barriers. It’s the kind of industry where a single announcement can electrify the market, pun intended.

As this electrically charged narrative unfolds, we’re gripped by the potential. News in the EV space can range from breakthroughs in battery technology to new infrastructure incentives or even whispers of big-name partnerships. Each nugget of information seems to turbocharge investors’ confidence, making the stock surge with the speed of a Tesla on Ludicrous Mode.

A Personal Account: Trading Triumphs and Tactical Retreats

Full transparency—I’ve already ridden the wave and cashed in on QS. That said, the trader in me can’t help but feel the magnetic pull of a re-entry. The market’s dance is far from over, and QS appears to be leading the waltz.

The allure goes beyond the numbers and charts. It’s the ballet of buyers and sellers, the crescendo of momentum that can make or break fortunes. Going back in? I just might. The charts beckon, the numbers whisper, and the thrill of trading is a siren song too sweet to ignore.

Your Daily Dose of Trading Education

As you’ve likely surmised, our AI and combination scan form a potent pair, unearthing opportunities that might otherwise slip through the cracks. It’s the blend of human intuition and machine precision that often leads to remarkable results.

Before I sign off, I encourage all traders—veteran and novice alike—to keep an eye on the exciting EV sector. Its volatility and potential for rapid growth provide a fertile playground for strategic trades and significant gains.

To all who joined today, thank you! May your trades be prosperous and your decisions informed. It’s Barrie Einarson from Trade Ideas, and I’ll be back with more market insights tomorrow. Here’s to tapping into the next great trade!