What Makes This Trade Great: Insights with Barrie Einarson
What Makes This Trade Great: Insights with Barrie Einarson
Nov 8, 2024
Hey traders! Barrie Einarson here with today’s trade breakdown, showcasing some powerful moves and opportunities in this week’s markets.To Subscribe: https://go.trade-ideas.com/SHQ
Use Promo Code BARRIE15 for 15% off
AAOI Hits Big
The spotlight today is on AAOI, flagged by our AI alert system at $20.89. It’s all about timing here—AAOI took off but then pulled back into the VWAP (Volume Weighted Average Price). Missed the first run-up? No worries! It came right back into that VWAP zone, giving traders a second chance. Watching these patterns can pay off, especially as AAOI’s second move turned out to be even stronger.
Big Moves in Earnings Plays
We’re deep into earnings season, and both AAOI and another featured stock made moves of 20% or more. With over 1,400 companies releasing earnings this week, there’s been no shortage of volatility. Next week, we’re scaling down to about 400 releases, but opportunities remain strong. We’re not just focused on low-float, cheaper stocks; this season is showing gains in higher-priced, fundamentally driven plays too.
The VWAP Strategy
VWAP isn’t just a line on the chart—it’s a powerful tool. Stocks frequently bounce around this level, providing a support zone that often leads to renewed momentum. Missed the entry the first time? Keep an eye on VWAP; it often offers a re-entry point. Today’s trades underscore why VWAP is a go-to for technical insights, especially during earnings season when the volume is high and patterns hold strong.
As we wrap up the week, remember that patience, focus, and reliable tools can make a difference. Let’s recharge this weekend and come back Monday ready to tackle what’s next.