Performance metrics and trade details for GAP breakout.
GAP reported strong earnings yesterday, leading to a 15% gap up at the market open. However, volume did not surge immediately, prompting a switch to the 5-minute bar instead of the 1-minute.
There was no clear entry using the ORH (Opening Range High) without taking excessive risk, as the 5% stop loss exceeded the ADR (4.1%). However, the Anchored VWAP (AVWAP) presented a potential entry, reducing risk to 2.3%.
The choppy market conditions and the upcoming Powell speech at a monetary forum makes trading on this day very challenging.
