Let’s talk about PHUN (Phunware) – one of those social media stocks that’s been on quite a tear. It caught our attention today and gave us a fantastic setup. Here’s how it all played out:To Subscribe: https://go.trade-ideas.com/SHQ
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Alert and Setup

We got an alert on PHUN at $5.74. Now, this is where it gets interesting. Once the alert triggered, you could see the blue arrow on the five-minute chart – it was a clear signal, but it took some time to gain momentum. This is one of those trades where you get a little breathing room to decide. It wasn’t an immediate take-off, but sometimes those slow starters turn into the biggest winners.

The Move

After a bit of back-and-forth, PHUN finally started climbing, pushing all the way to $7.98 before it pulled back. That’s nearly an $8 high from our initial alert price – a tremendous percentage move in a short span of time. It’s these kinds of setups that showcase the power of patience and timing. I’m a big fan of those moves where you can let the chart develop a bit before the real action kicks in.

What’s Next?

Right now, I’m also watching RUM (Rumble). It’s another social media stock that’s been trailing a bit, but I’m already in it, watching for a similar move. RUM was alerted at $6.13, and I’m keeping a close eye to see if it follows PHUN’s lead.

These social media stocks have been on fire lately, and I’m excited to see where they’re heading next. As always, if you’re interested in getting in on these alerts and trading setups, make sure to join us in the trading room.

Until next time, happy trading! I’ll see you in the room.