Hello everyone, Barrie Einarson from Trade Ideas with another edition of What Makes This Trade Great. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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Today, I want to take a look at SUNE, another great example of how the Trade Ideas AI can help identify opportunities—and, just as importantly, how the re-entry can give you another chance to participate in a winning move.

The original AI alert came at 3:20, with SUNE trading around $3.20. The stock popped a little initially, but then pulled back and eventually hit the stop at $3.10.

That’s where the re-entry strategy becomes particularly interesting.

The re-entry level is set halfway between the original alert price and the stop. In this case, that puts the re-entry at approximately $3.15.

And look at what happened from there.

Once SUNE reclaimed that $3.15 re-entry level, it started moving. The stock climbed from $3.15 to $3.49 before experiencing a pullback. Then it continued higher, reaching $3.82 before pulling back again.

That’s a significant move from the re-entry point.

We obviously never know exactly where a stock is going to finish its run, and I’ll be watching SUNE throughout the day to see where it ultimately goes. But this is a great illustration of why I like having the re-entry concept available.

A trade doesn’t always work perfectly from the initial alert. Sometimes you get stopped out, the stock resets, and then the setup presents itself again at a better level.

SUNE is a great example of using that second opportunity.

That’s what makes this trade great.