Editor’s Note: Monument Traders LIVE! is hosting its first-ever AI Power Blitz with Nate Bear on Thursday, October 17th @ 2PM EST.

Nate has previously delivered massive wins of 100%, 287%, and even 1,129% within days during his trading blitzes.

Now, he’s leveraging AI to hunt explosive trade setups in just two hours!

Join Nate as he demonstrates his AI-powered scanner, S.A.M., and get a first look at innovative NEW features that could revolutionize trade identification.

It’s all happening LIVE and FREE in the Monument Traders LIVE chat room.

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Room opens at 1:45PM EST.

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Don’t miss this game-changing opportunity.

See you Thursday!

Ryan Fitzwater, Publisher

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Today we’re taking a look at a stock that’s been flying under the radar but might be ready to make some serious moves.

I’m talking about RH (NYSE: RH), formerly known as Restoration Hardware.

Now, I know what you’re thinking – a furniture retailer?

In this economy?

But hear me out, because the charts are telling an interesting story.

First off, let’s address the elephant in the room. RH has been underperforming the broader market this year.

It’s currently trading in the $330s, well off its 52-week high of $354.86, and nowhere near its 2021 peak when it was flirting with $740.

But here’s where it gets interesting…

The Fed’s expected interest rate cuts could be a game-changer for RH.

Lower rates typically boost the housing market, and what do people do when they buy new homes?

That’s right, they furnish them.

Now, let’s get into the nitty-gritty of what I’m seeing on the charts:

Daily Squeeze Alert: RH is showing a squeeze on the daily timeframe. For those new to the game, a squeeze is like a coiled spring of volatility. When it releases, we often see explosive moves. It’s like the stock is building up energy, ready to blast off in one direction or the other.

Stacked EMAs: The Exponential Moving Averages on the daily chart are stacked and pointing upwards. This is like a bullish staircase, with each EMA supporting the ones above it. It’s a strong indication of upward momentum across multiple timeframes.

And while I mainly focus on the technicals, it’s like a cherry on top when the fundamentals match up:

• In their Q2 2024 earnings, they beat expectations with $1.69 EPS vs. $1.56 estimated.
• Management is expecting 85% product newness by 1H25, which could drive significant demand.
• They’re opening three new design galleries in Q4, which should help attract high-end customers.
• Here’s the kicker – RH’s margins are expected to improve as they move past some strategic price investments made last year. Better margins could mean bigger profits, and we all know what that does to a stock price.

Now, I’m not saying RH is guaranteed to rocket back to its all-time highs overnight.

But with the technical setup we’re seeing and the potential catalysts on the horizon, this could be a stock to keep on your radar.

Your Action Plan:

This setup has all the hallmarks of a Power Blitz trade. I wouldn’t be surprised if RH is trading at $400 within the next month.

Now, I don’t have a position yet, but if I do plan to trade it, I’ll be using options to play this.

Remember, in the world of trading, it’s all about staying ahead of the curve. RH might just be positioning itself for a significant move, and now you know what to look for.

Want to see how we spot setups like this in real-time? Join me for the first-ever AI Power Blitz!

Monument Traders LIVE! is inviting you to join me on Thursday, October 17th @ 2PM EST during this special event.

Over the past year, I’ve scored massive wins of 100%, 287%, and even 1,129% within DAYS during my week-long and single-day trading blitzes.

But during Thursday’s AI Power Blitz, I plan to use my AI-powered scanner, S.A.M., to hunt down explosive trade setups within just a two-hour window!

This is your opportunity to:

• Look over my shoulder as I demonstrate how to use the power of AI to spend LESS time finding explosive trade setups
• Get an inside look at how my proprietary AI tool works
• Watch as I search for REAL, actionable trades… LIVE!
• PLUS: You’ll get the very first look at some innovative NEW features that will forever change how traders find MASSIVE trades.

All of this is happening FOR FREE and will be streamed LIVE inside the Monument Traders LIVE chat room on Thursday, October 17th @ 2PM EST.

Click here to join the event.

(Clicking the link above will automatically RSVP you for Nate Bear’s AI Power Blitz, email alerts for this event, and offers from us that we think may interest you. You can unsubscribe at anytime I Privacy Policy)