Hindsight Markets Recaps Small-cap stocks on October 28, 2026
ELPW, October 28: a 4:00 headline, $3.84, and a bid pulled at $3.00
ELPW opened up 39% after news, then faded below its open by the close.
News via Stock News API
What happened
A 4:00 headline, a float gone in minutes
GlobeNewsWire ran a headline at 4:00 a.m. about a US$25.5 million annual cooperation agreement. By 4:09 more shares had traded than the whole 929,385-share float. From $2.27 at 4:02 the stock hit $3.19 by 4:06.
The top came before the bell
It kept climbing and hit $3.84, the high of the day, at 7:00 a.m., on 14.5M pre-market shares.
The bid at $3.00
It opened at $3.39. A bid wall had sat at $3.00 since 7:49 a.m.
Stop It's 9:33. ELPW is at $3.26, down from the $3.39 open. A bid wall at $3.00 has peaked near 41K shares. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:30 a.m. and stop at 9:33 a.m. ET for your call.
The wall was pulled at 9:33:44, and the minute's low was $2.88. The low after the open came at 10:45, $2.58.
The regular session ended at $2.98 (the 16:00 bar's close), 22% under the high.
What to take from it: A big bid under the price was not a floor: ELPW's $3.00 wall was pulled and the stock traded lower.
Replay ELPW's day
It starts at 1:56 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 1:59 p.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap and fade. It gapped up 38.9% to $3.39 at the open and traded below the open by 4:00 p.m., at $3.00.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | News (GlobeNewsWire): Elong Power Holding Limited (NASDAQ: ELPW) Announces Subsidiary's Entry into a US$25.5 Million Annual Cooperation Agreement, Marking a Critical Step Forward in Its Global Distribution Expansion | |
| 4:06 a.m. | First trade 20% above the previous close of $2.44 | |
| 4:16 a.m. | Volume since 4:00 a.m. passes the whole float, 929,385 shares | |
| 7:00 a.m. | Pre-market high, $3.84 | |
| 7:00 a.m. | High of the day to the close, $3.84 | |
| 9:30 a.m. | The open: $3.39, up 38.9% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.00, 21.9% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $2.44
- Open, 9:30 a.m.
- $3.39
- Gap at the open
- +38.9%
- Pre-market high
- $3.84 at 7:00 a.m.
- High, 4 a.m. to 4 p.m.
- $3.84 at 7:00 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.27
- Close, 4 p.m.
- $3.00
- Change at 4 p.m.
- +23.0%
- After-hours high, 4 p.m. to 8 p.m.
- $3.27 at 4:01 p.m.
- Volume, 4 a.m. to 4 p.m.
- 19.46 million
- Volume after hours, 4 p.m. to 8 p.m.
- 295,432
- Relative volume by 8 p.m.
- 920.1×
- Float
- 929,385 shares, from filings as of October 28, 2026
- Shares outstanding
- 929,541
- From news to the move: the first trade 20% above the previous close came 6 minutes after the latest news item before it (GlobeNewsWire, 4:00 a.m.).
- Volume, from the one-minute bars: 14.51 million shares before the 9:30 a.m. open (73%), 2.35 million in the first 30 minutes (12%), and 2.89 million in the rest of the day to 8 p.m. (15%).
- Float rotation, the volume since 4 a.m. against the float of 929,385 shares: past it once at 4:16 a.m., twice at 4:32 a.m., three times at 4:52 a.m.
- Other days ELPW met the small-cap rule in our recaps: 2, the latest on September 25, 2026.
On the day's lists: the pre-market gappers, gainers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for ELPW that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay ELPW on October 28, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.