Hello, it’s Barrie Einarson here from Trade Ideas, and in today’s edition of “What Makes This Trade Great,” we’re diving into a particularly intriguing play highlighted by our AI-powered system.

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This morning, our AI pinpointed an excellent entry point at $11.98 for a long position. Following this alert, the stock showed a strong upward movement, peaking at $12.73. This surge represents a substantial gain, but as is often the case in trading, the stock then retraced its steps somewhat.

For those who might have missed the initial move—don’t worry. As I’ve mentioned repeatedly, the market often presents a second chance. This stock nearly revisited its starting point, coming within a dime of the original alert price. Observant traders could have seized this opportunity for entry during the pullback, potentially securing even greater returns than from the initial spike.

As the day progressed, the gains continued to accumulate, with an impressive 7.6% increase from the first alert. And while the high for the day stood at $13.22, there’s always potential for the stock to test this level again before the day closes.

So, what’s the takeaway here? Whether you catch the first wave or the second, the key is to stay alert and ready to act on the opportunities presented by the market. Keep an eye out for those rebounds and recoveries—they can often offer a second shot at a profitable trade.

Remember, the essence of a great trade often lies in vigilance and the readiness to capitalize on opportunities as they arise.

Have a great evening, sign up and prepare to catch the next great trade!