$UMAC – What Makes This Trade Great!
$UMAC – What Makes This Trade Great!
Nov 27, 2024
Hey traders, Barrie Einarson here with a breakdown of today’s standout trade: $UMAC. Let’s dive into what made this trade so exciting.To Subscribe: https://go.trade-ideas.com/SHQ
Use Promo Code BARRIE25 for 25% off
This one caught my attention when it popped up on the radar after some big news—Donald Trump Jr. joined Unusual Machines, Inc. as an advisory board member. The company’s focus on bolstering U.S. drone manufacturing and reducing reliance on foreign components sparked serious interest, and the market reacted quickly.
The stock opened at $3.88 and absolutely ripped to an intraday high of $11.52. That’s an incredible run! But as we often see with moves like this, volatility followed. By the afternoon, $UMAC had pulled back to an intraday low of $5.59. As of the latest update, it’s trading around $7.99, still up a solid 49% from yesterday’s close.
For traders who caught this move early, it’s been a golden opportunity. But let’s not forget the lessons here—news catalysts like this can drive explosive price action, but they also bring significant risk. Managing your entries, exits, and position sizing is key when trading these volatile plays.
It’s a reminder to stay disciplined and nimble. If you had a plan and stuck to it, you likely came out ahead today. And for those who missed this one, don’t worry—there are always more opportunities waiting.
Keep your eyes on the news, watch those charts, and remember: preparation meets opportunity in this game.
Until next time, happy trading!