Hello traders, Barrie Einarson here from Trade Ideas, bringing you today’s edition of “What Makes This Trade Great.” Today, we’re focusing on an extraordinary stock that’s been making waves over the past week: IVP. To Subscribe: https://go.trade-ideas.com/SHQ
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To illustrate the incredible journey of IVP, let’s look at its recent performance. About five days ago, IVP was trading at a modest $1.48. This morning, it reached a staggering $12. The key to understanding this dramatic increase lies in examining the short-term charts and the race scanner.

For me, the 15-minute chart is essential, though some might prefer the 5-minute chart. Both can provide valuable insights into the stock’s movements. Early this morning, IVP started its ascent from $5, showcasing the importance of monitoring such volatile stocks closely.

The race scanner has been crucial in identifying IVP’s potential. It’s not just about seeing a stock rise; it’s about recognizing patterns and setups that can lead to profitable trades. IVP has consistently shown up as a winner in these races, making it a stock to watch.

It’s important to note that trading IVP hasn’t been easy. The stock has exhibited numerous topping tails and bottoming tails, which can make finding the right entry and stop challenging. However, with careful analysis and strategy, there’s potential for significant gains. We’ve seen moves of $2-$3 or even $4, which are substantial for day traders.

Many traders in our room took advantage of IVP’s movements today. While the stock’s future is uncertain, further action is still potential. If IVP can break back over $11 with increased volume, we might see another run. As of now, it’s noon Eastern Time, so we’ll have to wait and see how the rest of the day unfolds.

Trading isn’t easy, and days like today highlight the importance of vigilance, strategy, and quick decision-making. IVP’s performance this week serves as a reminder of the opportunities that volatile stocks can present. Keep an eye on those race scanners and be prepared for the next big move.

Have a great weekend, everyone. I’ll see you on Monday morning for another exciting edition of “What Makes This Trade Great.” In the meantime check out my homepage here