$ELAB gapped up 17.45% today on absolutely zero corporate updates.
In our database of 4,826 historical instances of low-float stocks gapping up over 15% on no news, the statistics are exceptionally grim: the setup closes red 66% of the time, with a median intraday return of -6.90%.
Even more specific: in 20 historical gap-up days for $ELAB itself, the stock has closed red 75% of the time.
Chasing this hoping for a multi-day continuation means trading against a 3-to-1 historical headwind. Let the gamblers have the risk.