Chart Summary:
Price: $4.50 (+28.57%)
Range: $3.52 → $6.19 (high volatility)
ATR: Exploded—momentum is strong
Volume: Surged massively with each leg higher
Trend: Clean parabolic breakout, multi-day runner
Key Observations:
Day 3 extension: Stock has already run significantly from sub-$2
$6.19 wick: Possible exhaustion or topping tail
Near vertical move: Could attract shorts into potential blow-off
Trade Idea:
Short Bias (high conviction):
Look for lower high near $5.50–$6.00, ideally with volume dying
Entry: On first clear crack or stuff move
Risk: Over HOD ($6.20+)
Target: $3.75–$4.00, and potentially lower on panic flush
Long Bias: Only if reclaim over $6.00 with volume + tight base intraday. Otherwise, risk/reward now favors short.
This is a classic parabolic third day setup—ideal for short sellers waiting on signs of topping.
Disclosure: This is not financial advice. Always perform your own research.