Hello, fellow traders! Barrie Einarson here from Trade Ideas, bringing you another edition of “What Makes This Trade Great.” Today, we’re diving into the recent action with VSTA, a stock that has been catching my eye. To Subscribe: https://go.trade-ideas.com/SHQ
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I’ve talked about this style of trading numerous times, and it’s all thanks to our incredible AI. We received an alert for VSTA at $23.81, as marked by the blue line on the chart. This alert came on a five-minute candle, and what followed was truly impressive. The stock soared from $23.81 and reached a high of $26.73 before experiencing any pullback—a tremendous move by any standard.

Now, here’s where it gets interesting. I always stress the importance of monitoring these alerts throughout the day because they often set up additional trading opportunities. Typically, I don’t take trades early in the session; for me, anything within the first 15 minutes is considered early. However, this time I took the plunge about 12 minutes after the alert. I entered the trade, made my exit, and then advised our trading room to keep an eye on VSTA for a potential bounce off the alert price.

In past experiences, we’ve seen some stocks bounce back even higher than their initial move. While VSTA didn’t exceed its initial peak this time, it still moved significantly from around $23.89 to about $24.70—nearly a dollar move. As of now, it’s hovering around this area, and I’m closely watching to see if it will break above $25.27 later in the day.

The takeaway here is to always keep an eye on the alerts throughout the day. Even if you miss the first move, another opportunity might present itself. Our Go No Go charts beautifully illustrate these transitions, making it easier to spot potential trades.

Feel free to join us in the trading room if you have any questions about these charts or the strategies we use. I’m always happy to explain and help you make the most out of your trading day. Check out my homepage for more information.

That’s all for today. Have a great evening, and I’ll see you tomorrow with more trading insights.

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