ELAB Parabolic gapper into supply: watching for VWAP / PMH rej.PMGC Holdings Inc.NASDAQ:ELABRendon1TL;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