Hey everyone, Barrie Einarson from Trade Ideas here, and today’s “What Makes This Trade Great” centers around a name that gave us multiple opportunities from the opening bell: PLAB. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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This one came in hot as an AI alert at $36.66, and before it even thought about pulling back, it pushed all the way up to $38. That’s exactly what you love to see in an earnings play — immediate momentum, clean direction, and a stress-free entry for anyone who reacted quickly.

But what made PLAB really interesting today wasn’t just the first burst. It was the way it kept offering new setups as the day unfolded.

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Strong Opening Move

Right off the alert, PLAB surged nearly $1.50 without hesitation.
If you grabbed the alert entry, you were rewarded instantly. No chop, no indecision — just a straight run into strength.

This kind of move is why we love earnings catalysts combined with Trade Ideas’ AI:
the volatility is already there; the scan just directs us to where the action starts.

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Pullback Right to the Alert Price

After hitting $38, PLAB pulled back exactly into the alert zone again.
For anyone who missed the initial breakout, this was your second chance — and a very controlled one at that.

Re-tests of AI levels often serve as strong risk-managed entries, and PLAB respected that structure beautifully.

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Trend Shift: The Short Side Opens Up

Later on, momentum shifted and many traders in the room began shorting PLAB.
The stock gave a clean rollover and worked its way below $35, offering a completely different opportunity.

That’s what makes days like this so powerful:
same ticker, same catalyst, multiple tradable directions.

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Bounce Potential Off $35

When PLAB dipped under $35 and began reclaiming the level, I mentioned in the room that this could become a bounce setup.

Why?

• $35 is a psychological whole number
• It sits between the alert price and the lower stop zone
• A reclaim often signals a shift in order flow

And of course, if it pushed halfway back toward the alert level, there was the potential for another AI alert to trigger — always something to watch for.

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Final Thoughts

PLAB was the definition of a flexible earnings trade today:

• Early momentum long
• Re-entry on the pullback
• Clean short setup
• Bounce potential off support

A single ticker offering four different styles of trades is exactly why we keep a close eye on these AI-driven setups throughout the session.

Nice work if you captured any part of this one.