What Makes This Trade Great: A Deep Dive into KOSS and RAAI

What Makes This Trade Great: A Deep Dive into KOSS and RAAI

Jul 16, 2024

Hello, everyone! This is Barrie Einarson with Trade Ideas, and welcome to today’s edition of “What Makes This Trade Great.” Today, we’re shaking things up a bit because, honestly, the trade isn’t looking great right now. To Subscribe: https://go.trade-ideas.com/SHQ
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Let’s talk about KOSS and RAAI. I had an alert set at 10.90, and while it briefly popped above that level, it didn’t gain much traction and is currently sitting at 10.59. You might be wondering why I’m even discussing it. Well, it’s all about the potential.

As I’m recording this video, it’s 12:38 PM Eastern time. Let’s dive into the daily chart for a closer look. You can see that the next high, looking left, especially if it can get over 11, is 12.95. Not too long ago, about five or six days ago, it reached the 19 level. This makes it worth keeping an eye on, potentially for an afternoon break.

To make this trade work, we need some volume to come in. Let’s switch to the 15-minute chart. We need a big volume bar that stands out. If it can take out 11, we might see an end-of-day run.

Alright, traders, I need to get back into the room. Have a great evening, and we’ll see you tomorrow! Check out my homepage here