This content details a specific stock trading strategy focused on identifying buying opportunities when a stock tests and breaks through the Volume Weighted Average Price (VWAP) after showing signs of support, aiming for a quick profit.
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hey guys it's Brian from bearable
traders Friday April 6th had a good go
in the room this morning Andrew did a
great trade with elfin and I just wanted
to go over a quick trade that I did with
in I and CY watching out of the open it
gapped down I think significantly but it
was up and down and you can see here
picked it up just after seven this is
the V web line and you can see here's
running below vo app it comes up here
and tests the view app and then it tests
it again and is rejected and I think I
did something similar another similar
trade with Facebook earlier in the week
posted that but you can see one of the
things I liked about this trade you know
was testing the view app also here's the
low and here's a higher low so didn't
come all the way back down showed there
were buyers coming in there was support
and you know when it started to move
back up again I got in I believe just
under 65 64 90 and I kind of figured if
it punched if it did get through this
view app it would probably get at least
as high as this prior resistance and so
that's kind of where I bailed sold my
position around 66 for over a buck buck
gain and it continued to go higher I
really didn't expect this big of a run
but probably some some short selling
there but you can see the volume picking
up nicely as as it punched through the
view app as well so caught a lot of
attention from people anyway that was
the the trade one of the trades I did
and again just like this set up higher
lows testing the view app and then
punching through so kind of watch for
those in the future anyway it's a
weekend hope everyone gets out with some
family friends enjoys their weekend get
some exercise stay healthy
and we'll look forward to seeing in the
room on Monday morning have a good
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