Hello traders, Barrie Einarson here with today’s edition of What Makes This Trade Great.

Today, I want to share an example that truly showcases the power of Trade Ideas. Let’s talk about a stock that most of you probably hadn’t even heard of before this week: CING.To Subscribe: https://go.trade-ideas.com/SHQ
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August 2024 Test Drive & Contest: https://go.trade-ideas.com/SHxI

Yesterday, CING made a notable move after receiving a European patent for a treatment related to Attention Deficit Hyperactivity Disorder (ADHD). It surged from around $4.84 to $6.87, but by the close, it seemed like the action was over. That might have led many to think this stock had peaked for now. But what happened next is why we use Trade Ideas.

This morning, CING was back in action with a continuation of yesterday’s momentum, despite no new news. This kind of move is what we love to see—a low-float stock flying under the radar of major media outlets, yet making waves among savvy traders. As of today, CING has traded an incredible 62 million shares, a staggering 164 times its normal volume. And what’s more exciting is that there’s potential for even bigger moves. Looking at the monthly chart, the next significant levels are $18 and then $54. Whether it gets there or not, you can bet I’ll be watching closely next week.

This is the beauty of Trade Ideas. We’re able to spot these obscure stocks that have the potential to explode, even when nobody else is talking about them. Stocks like CING don’t make headlines on CNBC, but they make a difference in our trading portfolios.

For those of you participating in the current test drive, I hope you’re seeing just how powerful this tool can be. We’re only scratching the surface of what Trade Ideas can do.

Enjoy the rest of the test drive, and have a great weekend! I’ll see you back here on Monday for more trading insights.

Happy trading!

— Barrie Einarson