Hey everyone, Barrie Einarson here from Trade Ideas with today’s What Makes This Trade Great. I want to break down a really interesting mover from this morning—GPUS—that gave us a clean look on the Trade Wave setup. To Subscribe: https://go.trade-ideas.com/SHQ
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This one came out of nowhere for me. Around 7:15 AM Eastern, GPUS popped up in the pre-market with a nice surge. We saw it pull back not long after, but it was definitely on my radar heading into the open.

At 9:30 AM, right as the market opened, we spotted a beautiful buy flag forming on the Trade Wave. Now, to be clear, while the move looked great and I’d expect many of you to have started trimming positions on the way up, what stood out was that the Trade Wave remained blue—signaling that the move had underlying strength even as it progressed.

One thing to always keep in mind with plays like GPUS: it’s a very low float stock. Even though the Trade Wave was still holding its blue color, I’d personally be lightening up on most of my position into that move, just to stay on the safe side. Volatility can spike fast in these setups.

I’ll be watching GPUS later in the day to see if it reclaims the earlier range and maybe pushes through to new highs. Always good to keep these on your list in case momentum circles back.

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Back to the room for now—see you all tomorrow and happy trading!