First, one thing: don’t chase at this level. Let it finish its move on its own.

Let’s use SNDK to explain a term: volume ratio.
It’s the volume of this bar divided by the average volume of the previous 20 bars.
“This bar: 3.96 million shares.”
5.58x. At 22:00 on 11-11, someone really stepped in—not just scare orders on the book.
“The next bar: 4.62 million shares.”
5.25x. It was pushed from 921.33 all the way to 1012.61, a gain of $91.
“But over the next 19 hours, the volume ratio stayed between 0.2 and 0.8.”
No one cared anymore. The price fell back from 1008.59 to 934.15.
Up $91, gave back $78, leaving only 15% of the gain. All that effort for nothing.
The overnight fee was 0.023%. Longs were only willing to pay that much, which means there weren’t many eager to catch it.
So $SNDK is now at 934.59, with the MA20 at 960.58 overhead.
I won’t go long until it gets back above 960.58; if it breaks 921.33, then we can talk about the next leg.
(Not investment advice; trade at your own risk)