Hey everyone, Barrie Einarson here with today’s breakdown of an interesting trade setup. Now, I don’t usually swing trade, but I’m making an exception with SAIL (Sail Technologies)—a fresh IPO that caught my attention. To Subscribe: https://go.trade-ideas.com/SHQ
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So, why am I watching this one? Let’s get into it.

Why SAIL?

First off, this IPO debuted yesterday at $23, and what really stood out to me is the backing behind it. We’re talking JP Morgan, Morgan Stanley, Goldman Sachs, Bank of America—some of the biggest names in the game. When you see those kinds of underwriters involved, it’s worth paying attention.

Another key factor? It’s holding its IPO price. That’s huge. A lot of IPOs can dip right after launch, but SAIL is showing some strength at that $23 level. If it keeps holding or building momentum, we could see a solid move.

My Position & Plan

I got in right around $23, and for now, I’m holding. This isn’t a recommendation, just sharing my approach. I’ll watch how this trades next week and decide how long I want to hold.

Market Outlook

Markets are closed on Monday, so we’ll pick things back up on Tuesday. If you’re watching IPOs, keep an eye on SAIL’s price action—especially if buyers step in after the long weekend.

That’s it for today. Enjoy your weekend, and I’ll catch you all next week!