By Barrie Einarson | Trade Ideas

Hey everyone, Barrie Einarson from Trade Ideas with today’s edition of What Makes This Trade Great? To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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We’ve had a really nice day with our AI, guys! In fact, we’ve seen about four or five solid opportunities today, but there’s one in particular that caught my attention: SBC.

Our AI alerted on SBC at $6.40, and before experiencing any significant pullback, the stock climbed all the way to $6.95.

That’s a fantastic move from the original alert!

But what makes this trade interesting isn’t just the move higher. It’s how you might manage the position as the stock continues trading.

If you look at the chart, you’ll notice that SBC has been following the TI Wave higher. As that wave begins to flatten out, it might be a good opportunity to consider taking some profits.

Now, I wouldn’t necessarily sell everything at that point.

Why?

Because the wave hasn’t turned orange yet, which means we haven’t seen that particular signal suggesting the upward momentum may be weakening.

Personally, I would consider taking some profits off the table while keeping a portion of the position open in case the stock continues higher.

And there’s another reason I’m interested in SBC.

I believe this is an earnings-related play, which could mean we’ll continue seeing activity throughout the trading day.

Now, here’s the important level I’m watching: $7.00.

That’s a clear resistance area on the chart, and SBC could have some difficulty breaking through it.

However, if the stock manages to push above $7 and maintain its momentum, we could see another nice little run.

Of course, there’s no guarantee it’ll break through, but it’s certainly worth watching.

The big takeaway? Finding a strong AI alert is only part of the equation. Knowing when to take partial profits, how to follow the TI Wave, and where to watch for resistance can be just as important.

SBC gave us a great move from $6.40 to $6.95, and now the question is whether it can break through that $7 level.

Another fantastic opportunity from our AI today!