What Makes This Trade Great: NRGV – “Look Left” and You’ll See It Coming

What Makes This Trade Great: NRGV – “Look Left” and You’ll See It Coming

Jul 24, 2025


👋 Hey traders, Barrie Einarson here from Trade Ideas, breaking down another smart move from our AI. Today we’re looking at NRGV—and more importantly, why zooming out on your chart can give you the upper hand. $NRGV – What Makes This Trade Great!!
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🔍 Why I Ditched the 5-Minute Chart

Now, if you were in the trading room with me, you probably heard me say “Look left, look left, look left” about a dozen times. Today was no different. Our AI alerted NRGV at $1.34, and instead of pulling up the 5-minute, I went straight to the weekly chart. Why?

Because sometimes the next resistance level is hiding out on a longer timeframe.

🧭 The $1.69 Resistance Zone

On the weekly chart, I spotted the next key high sitting at $1.69. That level wasn’t obvious on the daily or intraday charts, but it stood out clearly on the weekly. That’s why I warned: If you’re in this trade, be aware of that $1.69 level—it’s where the stock might stall.

And wouldn’t you know it? NRGV hit $1.64 and then paused—almost to the penny near that weekly resistance.

🎯 The Trade in a Nutshell

  • AI Alert: $1.34
  • Target Resistance: $1.69 (weekly chart)
  • High Reached: $1.64
  • Strategy: Watch historical levels and manage exits accordingly

The lesson? Sometimes the best setups don’t show up on your default chart. When in doubt, zoom out. Those long-term levels often act like magnets, pulling price action toward them and then either rejecting or confirming continuation.

📌 Final Thoughts

I’ll keep saying it: Look left. If you’re not watching the bigger picture, you’re trading blind. The AI gave us the alert, and the weekly chart gave us the roadmap.

Catch you in the room