What Makes This Trade Great: SGMT’s Stellar Move By Barrie Einarson

What Makes This Trade Great: SGMT’s Stellar Move By Barrie Einarson

Jan 6, 2025

Hey traders, Barrie Einarson here with today’s breakdown of a stellar trade, #SGMT, from the AI-powered tool, Holly. Let’s get right into it. To Subscribe: https://go.trade-ideas.com/SHQ
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So, the alert came in at $5.94, right? #AITrading, #SmartEntries. Now, as I’ve said before, patience is key. This is a 5-minute chart, and for about 20 minutes after the alert, SGMT gave you time to watch, assess, and decide. It dipped below that entry price for a bit, but if you stayed sharp, you could’ve caught the second move. #TimingIsEverything, #TradingStrategy.

Here’s the magic: once it reclaimed that $5.94 level, SGMT shot straight up to $7.38, no major pullbacks, just a clean, strong move. That’s a huge percentage gain, folks! #MassiveGains, #WinningTrade.

Now, check out the red line on the chart, that’s the VWAP. It’s a critical level to watch. If SGMT bounces off VWAP as support, it could set up for a late-day run, especially if it breaks back over $7. Keep an eye on that—momentum traders know what I’m talking about. #VWAP, #MomentumTrading.

Another great trade from Holly, showing once again how data-driven strategies can crush it in the market. Manage your risk, stay patient, and trust the process. That’s how you win. #TradeSmart, #AIInsights, #BarrieEinarson.

Alright, that’s it for today, folks. Catch you tomorrow for another look at what makes these trades