TL;DR:
ELAB gapped >100% on strong pre-market volume. I’m watching pops back into $14.20–15.35 (supply from the first spike) for a lower-high + VWAP rejection. If it stuffs under those levels, I’ll scale in short with risk above $16.00–16.90 (PMH) and look for a fade toward $10 → $9 → $7.20.
Why I care
Liquidity: >10M pre-market shares traded; dollar volume >$100M = plenty of liquidity.
Extension: +100%+ gap with a vertical first leg and overhead levels at $14.23 and $15.35 (see chart).
Playbook setup: classic “gap & go → stuff → lower high under PMH/VWAP.”
Key levels (from today’s pre-market)
$16.87 – Pre-Market High (PMH)
$15.35 – Supply shelf / spike base
$14.23 – Prior pivot / mid-shelf
VWAP – dynamic; looking for rejection from above
$10.00 / $9.00 / $7.20 – downside magnets if the unwind starts
Trade plan
Conservative short idea
Wait for open price discovery and a pop into $14.20–15.35.
Look for: rejection wick, lower-high, or VWAP fail.
Entry: scale starter on weakness back below the level; add on the first lower-high.
Risk: hard stop above $16.00; emergency stop above PMH $16.87.
Targets: $10.0 → $9.0 → $7.2 (trail on new 15-min lower highs).
Aggressive scalp idea
If it spikes through $15s and instantly stuffs back below VWAP, take a quick short with tight risk 30–40c above trigger, cover partial at $11s–$10s, hold a runner only if VWAP stays overhead.
If it squeezes instead…
Reclaims $15.35 and holds VWAP as support → no short. A PMH reclaim and hold above $16.90 invalidates the bias; switch to neutral/long scalp only on pullbacks.
Risk management checklist
Size down on >100% gappers (volatility tax).
No averaging above risk line.
Respect halts; avoid chasing into halts.
If VWAP flips to support after entry, take it off.
Alerts I set
Price crossing: $14.20, $15.35, $16.00, $16.87
VWAP cross alerts (up & down)
15-min lower-high confirmation under $15
ELAB gapped >100% on strong pre-market volume. I’m watching pops back into $14.20–15.35 (supply from the first spike) for a lower-high + VWAP rejection. If it stuffs under those levels, I’ll scale in short with risk above $16.00–16.90 (PMH) and look for a fade toward $10 → $9 → $7.20.
Why I care
Liquidity: >10M pre-market shares traded; dollar volume >$100M = plenty of liquidity.
Extension: +100%+ gap with a vertical first leg and overhead levels at $14.23 and $15.35 (see chart).
Playbook setup: classic “gap & go → stuff → lower high under PMH/VWAP.”
Key levels (from today’s pre-market)
$16.87 – Pre-Market High (PMH)
$15.35 – Supply shelf / spike base
$14.23 – Prior pivot / mid-shelf
VWAP – dynamic; looking for rejection from above
$10.00 / $9.00 / $7.20 – downside magnets if the unwind starts
Trade plan
Conservative short idea
Wait for open price discovery and a pop into $14.20–15.35.
Look for: rejection wick, lower-high, or VWAP fail.
Entry: scale starter on weakness back below the level; add on the first lower-high.
Risk: hard stop above $16.00; emergency stop above PMH $16.87.
Targets: $10.0 → $9.0 → $7.2 (trail on new 15-min lower highs).
Aggressive scalp idea
If it spikes through $15s and instantly stuffs back below VWAP, take a quick short with tight risk 30–40c above trigger, cover partial at $11s–$10s, hold a runner only if VWAP stays overhead.
If it squeezes instead…
Reclaims $15.35 and holds VWAP as support → no short. A PMH reclaim and hold above $16.90 invalidates the bias; switch to neutral/long scalp only on pullbacks.
Risk management checklist
Size down on >100% gappers (volatility tax).
No averaging above risk line.
Respect halts; avoid chasing into halts.
If VWAP flips to support after entry, take it off.
Alerts I set
Price crossing: $14.20, $15.35, $16.00, $16.87
VWAP cross alerts (up & down)
15-min lower-high confirmation under $15
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge, analysis and trades. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge, analysis and trades. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.