ADMA - Episodic Pivot - 2024-08-09
ADMA Trade Summary
Performance metrics and trade details for ADMA breakout.
- Gain %
- 14.0%
- Market Condition
- Bearish
- Entry
- OPH
- Stop
- LoD
- Exit
- Signs of Weakness
- About
The market experienced its biggest drop in early August, with the Japan carry trade triggering a significant decline on August 5th and 6th.
Despite this challenging environment, ADMA reported a very strong earnings and revenue growth report on August 9th.
The stock skyrocketed, gapping up 24% on the second day. An entry was possible using the 1-minute ORH with a 2% managed risk.
The stock continued its upward momentum for the next two weeks. A bearish engulfing pattern signaled an exit, locking in a 14% gain—7 times the initial risk.
Intraday Entry
After Breakout
Market Correlation Analysis for ADMA
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Top Inverse Tickers
Stocks that move opposite to ADMA
| Rank | Ticker | Score |
|---|---|---|
| No inverse stocks found in the current universe. | ||