AKBA - Episodic Pivot - 2025-03-14

AKBA experienced a Delayed Earnings Episodic Pivot, gapping up 5% on Day 2, two days after reporting earnings.

A 1-minute ORH entry with LoD as the stop provided a solid day trade opportunity, yielding a 16% profit.

Given the choppy and bearish market conditions, short-term trades proved more effective. While a swing trade might have been an option in a stronger market, quick exits were preferable.

There were 3 potential exits:

• Breakdown of the upper trendline. (16% gain)
• Retrace to the daily VWAP—typically where buyers attempt to regain control and form an uptrend, with the second exit at the break of this uptrend. (17% gain)
• Risky - exit at close. (22% gain)