WOLF - Episodic Pivot - 2022-08-18
WOLF Trade Summary
Performance metrics and trade details for WOLF breakout.
- Stage
- Catalyst
- Risk
- 4.8%
- Gain %
- 7.8%
- Trade Duration
- 0 days
- Market Condition
- Bearish
- Market Cap
- $NoneB
- Shares Float
- NoneM
- Entry
- OPH
- Stop
- LoD
- Exit
- Signs of Weakness
- About
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.
Considering we are risking near 5%, this result is not great, but we could have sold earlier into strength and make a 10%+, which makes it a 2R trade.
Intraday Entry
After Breakout
Related breakouts
More to study.
Table of breakouts
| Company | Catalyst | Successful? | Gain/Loss (%) | Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WOLF | Episodic Pivot | Oct. 28, 2021 | Bullish |
✅
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+18.0% | Detail https://breakoutdb.com/wolf/wolf-episodic-pivot-2021-10-28/ |
(*) This trade is still active; the gain is an estimate based on the current price.