Performance metrics and trade details for ZIM breakout.
ZIM reported strong earnings on May 19th, 2025, (80% YoY revenue growth and 479% earning per share YoY growth) and the stock gapped up 2.3% in pre-market trading, triggering a potential earnings gap up setup.
However, the stock quickly faded after the open and went below the daily anchored VWAP and never went above the VWAP. If entered using a 1-minute open range breakout strategy with the low of the day as a stop, the trade would have resulted in a small profit at the close.
ZIM continued to move lower in the following days, confirming the breakout as a failure.
