ADMA - Episodic Pivot - 2024-05-10
ADMA Trade Summary
Performance metrics and trade details for ADMA breakout.
- Gain %
- 52.0%
- Market Condition
- Bullish
- Entry
- OPH
- Stop
- LoD
- Exit
- 10 EMA
- About
ADMA reported earnings with an impressive 367% YoY growth and a 44% revenue YoY growth on May 9th, 2024. The following day, the stock skyrocketed.
It gapped up 18% the next day, and with the market being super bullish, an entry was possible after breaking out of the 1-minute ORH (same as 5-minute ORH), using LoD as stop with a 6.4% risk.
The rest is history. Trailing the stop with the 10 EMA, the trade yielded a 52%+ gain in 80 days, before the next earnings report.
Intraday Entry
After Breakout
