CMBM – Big Gap, Massive Volume, and a Likely Cool-Down AheadCMBM exploded today with a +260% gap and over 200M shares traded, turning into one of the biggest movers on the market. The float is relatively small compared to that kind of volume, which usually means one thing — the stock has become a playground for day traders.
After a few failed attempts to hold above $2.20, we’re starting to see signs of exhaustion. The momentum has clearly shifted from aggressive buying to profit-taking and fast scalps. When volume rotates this heavily and the price can’t push higher, it often leads to a sharp fade once liquidity dries up.
If we see a lower high form under today’s top and a break below VWAP, that could open the door for a pullback toward the $1.50–1.20 range. There’s still volatility left here, so patience is key — no need to chase the frontside.
Main levels to watch:
Resistance: 2.20 / 2.40
VWAP zone: 1.90
Support targets: 1.50 and 1.20
Not financial advice — just sharing how I see the setup shaping up. Always trade your own plan and size responsibly.
