WOLF - Episodic Pivot - 2021-10-28

WOLF Trade Summary

Performance metrics and trade details for WOLF breakout.

Stage
Catalyst
Risk
3.4%
Gain %
18.0%
Trade Duration
0 days
Market Condition
Bullish
Market Cap
$NoneB
Shares Float
NoneM
Entry
OPH
Stop
LoD
Exit
10 EMA
About

Wolfspeed (WOLF) reported strong earnings pre-market on October 28, 2021, causing the stock to gap up 19% at the open.

Entering with a 1-minute ORB and setting a stop loss at LoD (3.4% risk), while trailing the exit with the 10 EMA, would have resulted in an 18% gain over three weeks.

Intraday Entry

WOLF - Episodic Pivot - 2021-10-28 intraday entry

After Breakout

WOLF - Episodic Pivot - 2021-10-28 after breakout

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Episodic Pivot

Wolfspeed reported strong earnings on August 18, 2022, amid a bear market.

Entering with a 1-minute ORB and risking 4.8% (below the 5.3% ADR) provided an opportunity. However, in the bearish environment, the stock lacked follow-through. Exiting upon spotting the "Dark Cloud" top signal resulted in a modest 7.4% gain.

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WOLF