A Lesson from OUST

A Lesson from OUST

Mar 28, 2024

By Barrie Einarson

Hey there, traders! Barrie Einarson here, ready to delve into another intriguing trade scenario in today’s edition of “What Makes This Trade Great?

$OUST – What Makes This Trade Great!!
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Today, let’s zoom in on OUST.

So, why am I shining the spotlight on this one? Well, let me walk you through it. Picture this: I’m in the trading room yesterday, dropping some knowledge bombs as usual. And what was my advice? Follow those AI alerts, folks, especially when they’re showing promise at the closing bell.

And lo and behold, OUST pops up on our radar with an AI alert right around the $5 mark. Now, fast forward to today, and what do we see? It closed yesterday around the $7 range, post-after-hours excitement included.

Now, here’s the kicker—it was an earnings play. My advice? Keep your eyes peeled on those AI alerts for potential follow-through the next day. Now, let’s be real, not every alert is going to lead to fireworks like this one, but check out that movement! From the $7 range, it shot up to $8 before easing back a tad. And would you look at that? It’s revving up again.

So, here’s the takeaway: Don’t just treat AI alerts like one-day wonders. Give them the attention they deserve for a few days after, maybe even up to three. Who knows? There might be more magic brewing under the surface.

Alright, fellow traders, time to wrap it up for today. Dive back into those charts, soak up the insights, and let’s reconvene on Monday for more action-packed trading adventures.

Until then, trade smart, stay sharp, and have yourselves a fantastic weekend!