SlideShare a Scribd company logo
D2 continuation –
Earnings beat
Catalyst: Earnings beat
Setup: D2 continuation
Trades: Wedge pattern
Ticker: LW
Date: 6-1-2
Catalyst &
Fundamentals
Catalyst: Earnings beat. 60% EPS surprise which is a lot. Doing a
lot better than expected. On D1 there was strong elevated
volume. After a huge gap up, 5ATR, the price action was still
bullish where we held the opening range.
Setup: D2 continuation.
Float: 139 million.
Institutional Ownership: 91,5%.
Short %: 2,17%
ATR: 2,19
Average Daily volume (50 day): 1,6 million.
Daily volume: 3 million.
Gap%/Gap ATR: 1,8% / 0,8ATR
RVOL: ?
Key levels Trading at All Time High (ATH)
Support:
HOD1 and
ATH are 96,31
and 96,87.
TA Daily Chart: Prior Earnings
Analyzing prior earnings.
Even with large gap ups and strong surprise we can make solid moves. All d2’s
had some significant volume. Chronologically:
1)The 5ATR gap up was too strong extended even though we had a 50% positive
surprise. We closed red and made a huge move down. D2 was a reversal setup.
Perhaps some people wanted to buy the good earnings.
2)A 60% surprise led to a big gap up of 2.4atr. Still managed to make 2ATR
intraday. BUT the hourly shows that that move was made with the first 45-60
minutes of the day! Then it traded below VWAP on a big down move. It trended
without a lot of action and closed quite strong. On D2 we have a continuation
play where we make just over 1 ATR. Similar PA: holds HOD1 but major move is
done during the open. Not a trend day.
3)Smaller beat than last two earnings. Therefore, it doesn’t gap. During the
open the price action is everywhere. A big spike results. But we start to trend
higher and close near HOD. This was a HTF BO setup given a strong breakout
from the base.
This is what probably caused the strongest D2 of them all. We gap up a little big
and trend all day long. Great trade2hold.
4) Preceding price action is weaker than former earnings dates. Strong gap up
but not as extended on a strong beat again: 44% surprise. Weird intraday price
action again. Big spike and reclaim during open followed by a new LOD. Then we
reclaim and start to trend near the open high again, which was a 1.6 ATR move.
D2 gave a strong open but then turned into a failed continuation play.
Last Earnings
days
Beat/
miss Surprise
Gap
ATR
ATR
move
Most recent
earnings 0,23 44,2% 1,024 1,60
2nd last 0,14 27,5% -0,392 1,98
3rd last 0,29 65,9% 2,414 2,18
4th last 0,17 51,5% 5,295 3,53
D2
continuation
Earnings beat–
Trade Strategy
Stock selection
-Stock in play with a significant (technical) catalyst, earnings report or strong theme.
-Elevated RVOL above 3.
-Strong move from the open (0.75ATR move) OR exceptionally strong volume during open.
Trade2hold factors
- Holding above significant support level: HOD1 8/10 importance level and All Time High (ATH).
-Strong market, holding the lows in an uptrend.
-Strong catalyst: Earnings beat
-Very strong daily chart! Trending up for almost one year.
- Elevated RVOL. The volume on D2 wasn’t that great, but it’s often less than D1 and therefore of less
importance if it’s lower.
- Solid Wedge pattern
- Room to trend on the daily.
- Strong open through resistance (8/10), but not extended (+0.75 ATR) = Room to trend intraday.
Taking out support resistance levels on a D2 setup indicates the potential of a trend day.
Overall thought process – D2 continuation
We are at ATH’s, and we are quite extended. With the lack of volume coming in on D2 I shouldn’t expect a
2ATR trend day. I think it makes sense to sell a large proportion of shares at lower, prepared profit targets
instead of holding everything into the close.
Trend day
A stock with a good catalyst doesn’t always have to trend on D1. When on D2 we immediately take out
important resistance and we don’t even retest that level but consolidate higher. The optimal trade strategy
considering all the other factors is trade2hold. Anything else is a mistake.
I want to hold through PB’s
Wedge Pattern Trade2hold – Trade Management
Trade2hold - Flat
Significant 5m close below 20
EMA:
1) close on above average
selling volume;
2) a new 5m low that occurs
after close;
Goal: don’t sell more than
50% when going flat.
Trade2hold – Exit strategy
ATR moves: 1,25ATR, 1,5ATR
Psychological level: 100
Wedge pattern- Entry
Entry: First higher low
Risk: consolidation low, otherwise
pattern has failed.
Add: When price starts to break
out of tight pattern on volume.
Risk: Move stop to low of the
breakout.
Technical Analysis: D1
Technical
Analysis:
Wedge pattern
Break through HOD/resistance.
Wedge visible on multiple
time frames.
Low volume in consolidation.
Elevated volume when price
breaks out of wedge.
Pattern with higher lows and
lower highs. Tight pattern!
Holds above premarket/
opening range high.

More Related Content

Similar to D2 continuation - Earnings beat - wedge - LW - 6-1-23.pptx

D1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptx
D1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptxD1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptx
D1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptx
MaartenvanBemmel3
 
D2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptx
D2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptxD2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptx
D2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptx
MaartenvanBemmel3
 
D2 continuation - HTF Trend PB - ILMN- 13-1-23.pptx
D2 continuation - HTF Trend PB - ILMN- 13-1-23.pptxD2 continuation - HTF Trend PB - ILMN- 13-1-23.pptx
D2 continuation - HTF Trend PB - ILMN- 13-1-23.pptx
MaartenvanBemmel3
 
Gap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptx
Gap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptxGap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptx
Gap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptx
MaartenvanBemmel3
 
D2 continuation - Open wedge - GOOGL - 23-1-23.pptx
D2 continuation - Open wedge - GOOGL - 23-1-23.pptxD2 continuation - Open wedge - GOOGL - 23-1-23.pptx
D2 continuation - Open wedge - GOOGL - 23-1-23.pptx
MaartenvanBemmel3
 
Trend Trend Day - First consolidation - TSLA - 3-1-23.pptx
Trend Trend Day - First consolidation - TSLA - 3-1-23.pptxTrend Trend Day - First consolidation - TSLA - 3-1-23.pptx
Trend Trend Day - First consolidation - TSLA - 3-1-23.pptx
MaartenvanBemmel3
 
Trend Trend day - Trend PB - TSLA - 3-1-23.pptx
Trend Trend day - Trend PB - TSLA - 3-1-23.pptxTrend Trend day - Trend PB - TSLA - 3-1-23.pptx
Trend Trend day - Trend PB - TSLA - 3-1-23.pptx
MaartenvanBemmel3
 
Positive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptx
Positive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptxPositive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptx
Positive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptx
MaartenvanBemmel3
 
Bounce continuation - Market play - Wedge - AMZN - 11-1-23.pptx
Bounce continuation - Market play - Wedge - AMZN - 11-1-23.pptxBounce continuation - Market play - Wedge - AMZN - 11-1-23.pptx
Bounce continuation - Market play - Wedge - AMZN - 11-1-23.pptx
MaartenvanBemmel3
 
D1 Catalyst - HTF BO - MRNA - 13-12-22.pptx
D1 Catalyst - HTF BO - MRNA - 13-12-22.pptxD1 Catalyst - HTF BO - MRNA - 13-12-22.pptx
D1 Catalyst - HTF BO - MRNA - 13-12-22.pptx
MaartenvanBemmel3
 
Gap up Bounce Day - Breakdown VWAP - 29-12-22.pptx
Gap up Bounce Day - Breakdown VWAP - 29-12-22.pptxGap up Bounce Day - Breakdown VWAP - 29-12-22.pptx
Gap up Bounce Day - Breakdown VWAP - 29-12-22.pptx
MaartenvanBemmel3
 
Earnings gap up - DELL - 22-11-22.pptx
Earnings gap up - DELL - 22-11-22.pptxEarnings gap up - DELL - 22-11-22.pptx
Earnings gap up - DELL - 22-11-22.pptx
MaartenvanBemmel3
 
D1 Earnings Gap Down - WBA - 5-1-23.pptx
D1 Earnings Gap Down - WBA - 5-1-23.pptxD1 Earnings Gap Down - WBA - 5-1-23.pptx
D1 Earnings Gap Down - WBA - 5-1-23.pptx
MaartenvanBemmel3
 
Gap up Bounce Day - Wedge (scalp) - 29-12-22.pptx
Gap up Bounce Day - Wedge (scalp) - 29-12-22.pptxGap up Bounce Day - Wedge (scalp) - 29-12-22.pptx
Gap up Bounce Day - Wedge (scalp) - 29-12-22.pptx
MaartenvanBemmel3
 
D1 Gap and Fail - Technical trades - NKE - 21-12-22.pptx
D1 Gap and Fail - Technical trades - NKE - 21-12-22.pptxD1 Gap and Fail - Technical trades - NKE - 21-12-22.pptx
D1 Gap and Fail - Technical trades - NKE - 21-12-22.pptx
MaartenvanBemmel3
 
Gap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptx
Gap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptxGap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptx
Gap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptx
MaartenvanBemmel3
 
HTF BO - BABA - 4-1-23.pptx
HTF BO - BABA - 4-1-23.pptxHTF BO - BABA - 4-1-23.pptx
HTF BO - BABA - 4-1-23.pptx
MaartenvanBemmel3
 
Bounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptx
Bounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptxBounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptx
Bounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptx
MaartenvanBemmel3
 
DAILY ANALYSIS REPORT MAY 26 2021
DAILY ANALYSIS REPORT MAY 26 2021DAILY ANALYSIS REPORT MAY 26 2021
DAILY ANALYSIS REPORT MAY 26 2021
TPGlobalFX
 
DAILY ANALYSIS REPORT MAY 24 2021
DAILY ANALYSIS REPORT MAY 24 2021DAILY ANALYSIS REPORT MAY 24 2021
DAILY ANALYSIS REPORT MAY 24 2021
TPGlobalFX
 

Similar to D2 continuation - Earnings beat - wedge - LW - 6-1-23.pptx (20)

D1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptx
D1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptxD1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptx
D1 earnings gap up - VWAP Pull In - MS - 17-1-23.pptx
 
D2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptx
D2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptxD2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptx
D2 continuation - HTF BO D2 - Wedge - MRNA - 14-12-22.pptx
 
D2 continuation - HTF Trend PB - ILMN- 13-1-23.pptx
D2 continuation - HTF Trend PB - ILMN- 13-1-23.pptxD2 continuation - HTF Trend PB - ILMN- 13-1-23.pptx
D2 continuation - HTF Trend PB - ILMN- 13-1-23.pptx
 
Gap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptx
Gap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptxGap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptx
Gap down bounce day - Wedge - Trend PB - DFS - 20-1-23.pptx
 
D2 continuation - Open wedge - GOOGL - 23-1-23.pptx
D2 continuation - Open wedge - GOOGL - 23-1-23.pptxD2 continuation - Open wedge - GOOGL - 23-1-23.pptx
D2 continuation - Open wedge - GOOGL - 23-1-23.pptx
 
Trend Trend Day - First consolidation - TSLA - 3-1-23.pptx
Trend Trend Day - First consolidation - TSLA - 3-1-23.pptxTrend Trend Day - First consolidation - TSLA - 3-1-23.pptx
Trend Trend Day - First consolidation - TSLA - 3-1-23.pptx
 
Trend Trend day - Trend PB - TSLA - 3-1-23.pptx
Trend Trend day - Trend PB - TSLA - 3-1-23.pptxTrend Trend day - Trend PB - TSLA - 3-1-23.pptx
Trend Trend day - Trend PB - TSLA - 3-1-23.pptx
 
Positive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptx
Positive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptxPositive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptx
Positive earnigns reaction - Earnings miss- Trend PB - NFLX - 20-1-23.pptx
 
Bounce continuation - Market play - Wedge - AMZN - 11-1-23.pptx
Bounce continuation - Market play - Wedge - AMZN - 11-1-23.pptxBounce continuation - Market play - Wedge - AMZN - 11-1-23.pptx
Bounce continuation - Market play - Wedge - AMZN - 11-1-23.pptx
 
D1 Catalyst - HTF BO - MRNA - 13-12-22.pptx
D1 Catalyst - HTF BO - MRNA - 13-12-22.pptxD1 Catalyst - HTF BO - MRNA - 13-12-22.pptx
D1 Catalyst - HTF BO - MRNA - 13-12-22.pptx
 
Gap up Bounce Day - Breakdown VWAP - 29-12-22.pptx
Gap up Bounce Day - Breakdown VWAP - 29-12-22.pptxGap up Bounce Day - Breakdown VWAP - 29-12-22.pptx
Gap up Bounce Day - Breakdown VWAP - 29-12-22.pptx
 
Earnings gap up - DELL - 22-11-22.pptx
Earnings gap up - DELL - 22-11-22.pptxEarnings gap up - DELL - 22-11-22.pptx
Earnings gap up - DELL - 22-11-22.pptx
 
D1 Earnings Gap Down - WBA - 5-1-23.pptx
D1 Earnings Gap Down - WBA - 5-1-23.pptxD1 Earnings Gap Down - WBA - 5-1-23.pptx
D1 Earnings Gap Down - WBA - 5-1-23.pptx
 
Gap up Bounce Day - Wedge (scalp) - 29-12-22.pptx
Gap up Bounce Day - Wedge (scalp) - 29-12-22.pptxGap up Bounce Day - Wedge (scalp) - 29-12-22.pptx
Gap up Bounce Day - Wedge (scalp) - 29-12-22.pptx
 
D1 Gap and Fail - Technical trades - NKE - 21-12-22.pptx
D1 Gap and Fail - Technical trades - NKE - 21-12-22.pptxD1 Gap and Fail - Technical trades - NKE - 21-12-22.pptx
D1 Gap and Fail - Technical trades - NKE - 21-12-22.pptx
 
Gap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptx
Gap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptxGap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptx
Gap up trend reversal - Earnings beat - VWAP Pull in - UAL - 18-1-23.pptx
 
HTF BO - BABA - 4-1-23.pptx
HTF BO - BABA - 4-1-23.pptxHTF BO - BABA - 4-1-23.pptx
HTF BO - BABA - 4-1-23.pptx
 
Bounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptx
Bounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptxBounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptx
Bounce trend day failed continuation - Trend PB - NVDA - 9-1-23.pptx
 
DAILY ANALYSIS REPORT MAY 26 2021
DAILY ANALYSIS REPORT MAY 26 2021DAILY ANALYSIS REPORT MAY 26 2021
DAILY ANALYSIS REPORT MAY 26 2021
 
DAILY ANALYSIS REPORT MAY 24 2021
DAILY ANALYSIS REPORT MAY 24 2021DAILY ANALYSIS REPORT MAY 24 2021
DAILY ANALYSIS REPORT MAY 24 2021
 

More from MaartenvanBemmel3

Antiplaybook - SPOT - 31-1-23.pptx
Antiplaybook - SPOT - 31-1-23.pptxAntiplaybook - SPOT - 31-1-23.pptx
Antiplaybook - SPOT - 31-1-23.pptx
MaartenvanBemmel3
 
negative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptx
negative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptxnegative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptx
negative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptx
MaartenvanBemmel3
 
Negative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptx
Negative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptxNegative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptx
Negative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptx
MaartenvanBemmel3
 
Negative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptx
Negative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptxNegative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptx
Negative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptx
MaartenvanBemmel3
 
Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...
Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...
Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...
MaartenvanBemmel3
 
Failed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptx
Failed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptxFailed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptx
Failed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptx
MaartenvanBemmel3
 
D3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptx
D3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptxD3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptx
D3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptx
MaartenvanBemmel3
 
HTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptx
HTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptxHTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptx
HTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptx
MaartenvanBemmel3
 
Bounce continuation - Market play - Trend PB - COIN - 12-1-23.pptx
Bounce continuation - Market play - Trend PB - COIN - 12-1-23.pptxBounce continuation - Market play - Trend PB - COIN - 12-1-23.pptx
Bounce continuation - Market play - Trend PB - COIN - 12-1-23.pptx
MaartenvanBemmel3
 

More from MaartenvanBemmel3 (9)

Antiplaybook - SPOT - 31-1-23.pptx
Antiplaybook - SPOT - 31-1-23.pptxAntiplaybook - SPOT - 31-1-23.pptx
Antiplaybook - SPOT - 31-1-23.pptx
 
negative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptx
negative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptxnegative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptx
negative earnings reaction reversal -Trend PB - MSFT - 25-1-23.pptx
 
Negative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptx
Negative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptxNegative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptx
Negative earnings reaction - earnings miss - EOD Trend PB - NEE - 25-1-23.pptx
 
Negative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptx
Negative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptxNegative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptx
Negative earnings reaction reversal - EOD Trend PB - GE - 24-1-23.pptx
 
Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...
Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...
Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-2...
 
Failed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptx
Failed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptxFailed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptx
Failed gap down bounce day - trend pb - AP vwap pull in - PG - 20-1-23.pptx
 
D3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptx
D3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptxD3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptx
D3 continuation - Earnings beat - VWAP Pull in - TSM - 17-1-23.pptx
 
HTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptx
HTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptxHTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptx
HTF BO - D1 earnings gap up - Trend PB - TSM - 12-1-23.pptx
 
Bounce continuation - Market play - Trend PB - COIN - 12-1-23.pptx
Bounce continuation - Market play - Trend PB - COIN - 12-1-23.pptxBounce continuation - Market play - Trend PB - COIN - 12-1-23.pptx
Bounce continuation - Market play - Trend PB - COIN - 12-1-23.pptx
 

Recently uploaded

SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...
SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...
SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...
rightmanforbloodline
 
https://silverone.com/investors/presentations/
https://silverone.com/investors/presentations/https://silverone.com/investors/presentations/
https://silverone.com/investors/presentations/
Adnet Communications
 
Top Five High Growth Mutual Funds in India.pptx
Top Five High Growth Mutual Funds in India.pptxTop Five High Growth Mutual Funds in India.pptx
Top Five High Growth Mutual Funds in India.pptx
MyAssignmentPartner
 
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full DayLucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
annarivihqrika
 
Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?
CRYPTO SPACE 🪙
 
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS JUNE 2024
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS  JUNE 2024MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS  JUNE 2024
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS JUNE 2024
Antonis Zairis
 
Sustainable-Development-Goals-presentation-by-Office-of-National-Statistics.ppt
Sustainable-Development-Goals-presentation-by-Office-of-National-Statistics.pptSustainable-Development-Goals-presentation-by-Office-of-National-Statistics.ppt
Sustainable-Development-Goals-presentation-by-Office-of-National-Statistics.ppt
JayanthAdithya1
 
VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...
VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...
VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...
AK47 AK47
 
Integration PowerPoint covering various areas
Integration PowerPoint covering various areasIntegration PowerPoint covering various areas
Integration PowerPoint covering various areas
Vaidyanathan11
 
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
seenaoberoi
 
Cornell University degree offer diploma Transcript
Cornell University degree offer diploma TranscriptCornell University degree offer diploma Transcript
Cornell University degree offer diploma Transcript
yyfabne
 
Introduction to Islamic Banking and Finance
Introduction to Islamic Banking and FinanceIntroduction to Islamic Banking and Finance
Introduction to Islamic Banking and Finance
NasrudinMohamedAhmed
 
University of Southern California degree offer diploma Transcript
University of Southern California degree offer diploma TranscriptUniversity of Southern California degree offer diploma Transcript
University of Southern California degree offer diploma Transcript
oywfdy
 
Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...
Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...
Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...
simran aarya
 
‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf
‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf
‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf
John Leonardo
 
Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.
CRYPTO SPACE 🪙
 
ppt on Review of literature 1720335948098.pptx
ppt on Review of literature 1720335948098.pptxppt on Review of literature 1720335948098.pptx
ppt on Review of literature 1720335948098.pptx
coolpool363
 
University of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma TranscriptUniversity of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma Transcript
yyfabne
 
How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?
CRYPTO SPACE 🪙
 
Northeastern University degree offer diploma Transcript
Northeastern University degree offer diploma TranscriptNortheastern University degree offer diploma Transcript
Northeastern University degree offer diploma Transcript
oywfdy
 

Recently uploaded (20)

SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...
SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...
SOLUTIONMANUALInternational Financial Management, 9th Edition By Cheol Eun, B...
 
https://silverone.com/investors/presentations/
https://silverone.com/investors/presentations/https://silverone.com/investors/presentations/
https://silverone.com/investors/presentations/
 
Top Five High Growth Mutual Funds in India.pptx
Top Five High Growth Mutual Funds in India.pptxTop Five High Growth Mutual Funds in India.pptx
Top Five High Growth Mutual Funds in India.pptx
 
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full DayLucknow Girls Call Adil Nagar 08630512678 Available full Day
Lucknow Girls Call Adil Nagar 08630512678 Available full Day
 
Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?Is it possible to sell hamster kombat tokens?
Is it possible to sell hamster kombat tokens?
 
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS JUNE 2024
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS  JUNE 2024MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS  JUNE 2024
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS JUNE 2024
 
Sustainable-Development-Goals-presentation-by-Office-of-National-Statistics.ppt
Sustainable-Development-Goals-presentation-by-Office-of-National-Statistics.pptSustainable-Development-Goals-presentation-by-Office-of-National-Statistics.ppt
Sustainable-Development-Goals-presentation-by-Office-of-National-Statistics.ppt
 
VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...
VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...
VIP Girls Call Noida 9873940964 Provide Best And Top Girl Service And No1 in ...
 
Integration PowerPoint covering various areas
Integration PowerPoint covering various areasIntegration PowerPoint covering various areas
Integration PowerPoint covering various areas
 
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...
 
Cornell University degree offer diploma Transcript
Cornell University degree offer diploma TranscriptCornell University degree offer diploma Transcript
Cornell University degree offer diploma Transcript
 
Introduction to Islamic Banking and Finance
Introduction to Islamic Banking and FinanceIntroduction to Islamic Banking and Finance
Introduction to Islamic Banking and Finance
 
University of Southern California degree offer diploma Transcript
University of Southern California degree offer diploma TranscriptUniversity of Southern California degree offer diploma Transcript
University of Southern California degree offer diploma Transcript
 
Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...
Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...
Exclusive Girls Call Mumbai 9833325238 Unlimited Short Providing Girls Servic...
 
‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf
‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf
‘Not afraid to die’ Kenya tax protests inspire broader demand for change.pdf
 
Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.
 
ppt on Review of literature 1720335948098.pptx
ppt on Review of literature 1720335948098.pptxppt on Review of literature 1720335948098.pptx
ppt on Review of literature 1720335948098.pptx
 
University of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma TranscriptUniversity of California, Irvine degree offer diploma Transcript
University of California, Irvine degree offer diploma Transcript
 
How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?How do I sell my Hamster kombat currency?
How do I sell my Hamster kombat currency?
 
Northeastern University degree offer diploma Transcript
Northeastern University degree offer diploma TranscriptNortheastern University degree offer diploma Transcript
Northeastern University degree offer diploma Transcript
 

D2 continuation - Earnings beat - wedge - LW - 6-1-23.pptx

  • 1. D2 continuation – Earnings beat Catalyst: Earnings beat Setup: D2 continuation Trades: Wedge pattern Ticker: LW Date: 6-1-2
  • 2. Catalyst & Fundamentals Catalyst: Earnings beat. 60% EPS surprise which is a lot. Doing a lot better than expected. On D1 there was strong elevated volume. After a huge gap up, 5ATR, the price action was still bullish where we held the opening range. Setup: D2 continuation. Float: 139 million. Institutional Ownership: 91,5%. Short %: 2,17% ATR: 2,19 Average Daily volume (50 day): 1,6 million. Daily volume: 3 million. Gap%/Gap ATR: 1,8% / 0,8ATR RVOL: ?
  • 3. Key levels Trading at All Time High (ATH) Support: HOD1 and ATH are 96,31 and 96,87.
  • 4. TA Daily Chart: Prior Earnings
  • 5. Analyzing prior earnings. Even with large gap ups and strong surprise we can make solid moves. All d2’s had some significant volume. Chronologically: 1)The 5ATR gap up was too strong extended even though we had a 50% positive surprise. We closed red and made a huge move down. D2 was a reversal setup. Perhaps some people wanted to buy the good earnings. 2)A 60% surprise led to a big gap up of 2.4atr. Still managed to make 2ATR intraday. BUT the hourly shows that that move was made with the first 45-60 minutes of the day! Then it traded below VWAP on a big down move. It trended without a lot of action and closed quite strong. On D2 we have a continuation play where we make just over 1 ATR. Similar PA: holds HOD1 but major move is done during the open. Not a trend day. 3)Smaller beat than last two earnings. Therefore, it doesn’t gap. During the open the price action is everywhere. A big spike results. But we start to trend higher and close near HOD. This was a HTF BO setup given a strong breakout from the base. This is what probably caused the strongest D2 of them all. We gap up a little big and trend all day long. Great trade2hold. 4) Preceding price action is weaker than former earnings dates. Strong gap up but not as extended on a strong beat again: 44% surprise. Weird intraday price action again. Big spike and reclaim during open followed by a new LOD. Then we reclaim and start to trend near the open high again, which was a 1.6 ATR move. D2 gave a strong open but then turned into a failed continuation play. Last Earnings days Beat/ miss Surprise Gap ATR ATR move Most recent earnings 0,23 44,2% 1,024 1,60 2nd last 0,14 27,5% -0,392 1,98 3rd last 0,29 65,9% 2,414 2,18 4th last 0,17 51,5% 5,295 3,53
  • 6. D2 continuation Earnings beat– Trade Strategy Stock selection -Stock in play with a significant (technical) catalyst, earnings report or strong theme. -Elevated RVOL above 3. -Strong move from the open (0.75ATR move) OR exceptionally strong volume during open. Trade2hold factors - Holding above significant support level: HOD1 8/10 importance level and All Time High (ATH). -Strong market, holding the lows in an uptrend. -Strong catalyst: Earnings beat -Very strong daily chart! Trending up for almost one year. - Elevated RVOL. The volume on D2 wasn’t that great, but it’s often less than D1 and therefore of less importance if it’s lower. - Solid Wedge pattern - Room to trend on the daily. - Strong open through resistance (8/10), but not extended (+0.75 ATR) = Room to trend intraday. Taking out support resistance levels on a D2 setup indicates the potential of a trend day. Overall thought process – D2 continuation We are at ATH’s, and we are quite extended. With the lack of volume coming in on D2 I shouldn’t expect a 2ATR trend day. I think it makes sense to sell a large proportion of shares at lower, prepared profit targets instead of holding everything into the close. Trend day A stock with a good catalyst doesn’t always have to trend on D1. When on D2 we immediately take out important resistance and we don’t even retest that level but consolidate higher. The optimal trade strategy considering all the other factors is trade2hold. Anything else is a mistake. I want to hold through PB’s
  • 7. Wedge Pattern Trade2hold – Trade Management Trade2hold - Flat Significant 5m close below 20 EMA: 1) close on above average selling volume; 2) a new 5m low that occurs after close; Goal: don’t sell more than 50% when going flat. Trade2hold – Exit strategy ATR moves: 1,25ATR, 1,5ATR Psychological level: 100 Wedge pattern- Entry Entry: First higher low Risk: consolidation low, otherwise pattern has failed. Add: When price starts to break out of tight pattern on volume. Risk: Move stop to low of the breakout.
  • 9. Technical Analysis: Wedge pattern Break through HOD/resistance. Wedge visible on multiple time frames. Low volume in consolidation. Elevated volume when price breaks out of wedge. Pattern with higher lows and lower highs. Tight pattern! Holds above premarket/ opening range high.