What Makes This Trade Great: LGVN Analysis with Barrie Einarson
What Makes This Trade Great: LGVN Analysis with Barrie Einarson
Jun 13, 2024
Hello everyone, Barrie Einarson here from Trade Ideas. Welcome to today’s edition of “What Makes This Trade Great.” Let’s dive into LGVN and see what made this trade noteworthy.
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At 9:21 AM, our Real-Time Artificial Intelligence (R.A.I.) alerted us to LGVN at a price point of $2.45. What happened next was quite exciting: the stock climbed to $3.11 before pulling back. If you were quick, you likely took some profits on that initial surge and held on to a portion of your position for further gains.
For those who missed the first opportunity, we discussed it in the trading room, focusing on the importance of the $3.00 break. LGVN tested the $3.00 mark multiple times, fluctuating around it. Finally, around 11:10 AM, it almost reached $4.00 before another pullback.
As we speak, LGVN is still up 22%. If the $3.00 level holds later in the day, we might see another run, making this a remarkable percentage move flagged by our A.I. today.
That’s a wrap for today’s trade analysis. I’ll head back to the trading room now, but I’ll see you all tomorrow for more insights. Happy trading!