WDAY - Episodic Pivot - 2020-08-28

WDAY Trade Summary

Performance metrics and trade details for WDAY breakout.

About

WDAY Cup with Handle + Earnings Gap Trade:

  • Pattern Formation: Formed a Cup with Handle and had a successful breakout right before earnings.
  • Earnings Reaction: Stock gapped up 11%, signaling initial strength.
  • Expectation: When both Cup with Handle and Earnings Gap align, it typically suggests a move to higher ground.
  • Reality: The stock quickly faded, dropped to the 50-day moving average, and even sliced through the handle area.

Lesson Learned: This is a perfect example of why it's crucial to follow the rules and respect stop losses without hesitation.

Intraday Entry

WDAY - Episodic Pivot - 2020-08-28 intraday entry

After Breakout

WDAY - Episodic Pivot - 2020-08-28 after breakout

Market Correlation Analysis for WDAY

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