Navigating the Market: Trade Setups and Strategies for the Onward Grind

Navigating the Market: Trade Setups and Strategies for the Onward Grind

Hey there, traders! Andy here from Trade Ideas, checking in on this lovely Friday, January 26th. We’re seeing the market move upwards at a leisurely pace—almost like it’s taking a stroll in the park. Today kicked off in a pretty flat state, but let’s not count our chickens just yet. It’s Friday, so we could witness some folks cashing in their gains, but we’re not in the guessing game right now. Instead, let’s roll up our sleeves and jump straight into some potential setups that are catching our eye.

Expedia Setting Its Course

Moving on to Expedia, I can’t help but appreciate a fine setup when I see one. I’ve dropped in my price target—though I’m not placing bets on it hitting today—however, I’m all for seeing it soar past the $154.80 mark.

Low Float Alert: GCT Watch

“In the world of low float stocks, swift movements are the name of the game—handle with care.”

GRTS: The Ticking Time Bomb

Oh, and how could I forget about GRTS? This one’s been on our radar, stubbornly primed and appearing like it might just burst at any moment. I thought I set a price alert… wait, let me just pop another one on there. We don’t want to miss the party if it decides it’s time.

ArdX: A Setup Worth Noting

Now, let’s not overlook ArdX which is shaping up nicely. Cutting right to the chase, I’m setting a price alert a smidge higher just to get the jump on it. And from what I’m seeing, it’s not the only anticipation-worthy prospect in the line-up.

Playing Outside the Box: S

Before I let you go, here’s one out of left field: S. Actually, I’m currently vying for a small position around the $25.40 domain. You’ve got this dual moving average support that seems to be hinting at a possible cup and handle formation—now wouldn’t that be a sight?

Wrapping Up the Trading Week

Alright, fellow market enthusiasts, let’s keep things in check and not get too carried away with the Friday trading excitement. There’s a promising horizon ahead, but staying grounded is key.

Remember to set those alerts, watch your setups, and stay vigilant. And with that, I wish you all a profitable close to the week. Let’s reconvene on Monday to see how the market dances after the weekend. Until then, happy trading, and goodbye for now!