ADMA - Episodic Pivot - 2024-08-09

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.