Trade Setups

Trade Setup: CART

Setup:

Maplebear Inc aka InstaCart (CART) was identified through our custom Mark Minervini Trend Template Screener. We entered near a defined support area with a clear stop, confirmation level, and profit-taking plan.

Why It Matters:

The trade offers a controlled risk point right below $50 support. CART must now prove it can hold that area and reclaim $51.06.

Current Price:

$50.11 at entry on August 10, 2026.

Technical Structure:

$50.00–$50.11 is the key support zone. A close above $51.06 would confirm the breakout and strengthen the setup.

Entry:

$50.11

Stop:

$48.60 hard stop. Exit if hit.

Targets:

First target: $53.13
Second target: $54.64

Risk/Reward:

Risk per share is $1.51. The first target offers 2R. The second target offers 3R.

Trigger:

The position is open. CART now needs to hold support and close above $51.06.

Status:

Open.

Trade Plan:

Hold while CART remains above $50.00–$50.11 support.

After a close above $51.06 that holds the following session, we may add 20–25% to the position between $51.25 and $51.60. The added shares would carry a $49.70 stop.

At $53.13, trim 15% and raise the stop on the remaining position to breakeven at $50.11.

At $54.64, trim another 15%. Hold the remaining shares above the rising 20-day SMA. Exit on a decisive close below that level with volume.

What We're Watching:

Whether CART can defend $50 support, close above $51.06, and build momentum without becoming extended.

Disclaimer:

This article is for educational purposes only and is not investment advice. All trading involves risk. Always use your own judgment and risk management process.

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