What Makes This Trade Great: A Stellar Move by MIRA
What Makes This Trade Great: A Stellar Move by MIRA
Jul 22, 2024
Hello everyone, Barrie Einarson from Trade Ideas here with another edition of “What Makes This Trade Great.”To Subscribe: https://go.trade-ideas.com/SHQ
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Let’s dive into MIRA and its phenomenal performance. We first spotted this stock in the pre-market session due to some positive news about their preclinical trial results. The stock made a substantial move from $0.66 to $1.34 even before the market opened.
Once the market opened at 9:30 AM, MIRA continued its impressive ascent, reaching a peak of $3.66. This movement triggered numerous alerts across various scans and strategies. I often get asked where such opportunities can be spotted, and the answer is simple – MIRA showed up on almost every momentum scan available. Additionally, it dominated our race algorithm, winning nine races in total, indicating its strong momentum and interest from traders.
Looking at the weekly chart, I humorously questioned if MIRA could ever hit $4.85. Remarkably, it has reached a high of $4.30, currently holding at $3.55. There’s potential for further gains, possibly filling the gap and reaching new highs, maybe even by tomorrow.
To sum up, MIRA’s performance today has been exceptional, and it’s been highlighted by numerous scans and races, showcasing the power of using advanced trading tools to spot and capitalize on such opportunities. Check out my Homepage for more information.
Have a great evening, and I look forward to seeing you all tomorrow with more exciting trade insights. Happy trading!