when analysing charts I prefer tick charts it makes them look much cleaner. 

This morning ZFGN had a nice spike with a top 12.78 connecting the dots and drawing the channel gave me some selling targets, but honestly got really surprised we got no real bounce here

The stock did fall out of the channel right now but sitting at perfect support level. So hopefully we get a morning spike, however the mother stock $IBB got brutally crashed not fulling that theory 

 

Anyway trading plan:

buy: 

we hold the $9 level for a push into the 10 area

 

short:

failure of the $9 level

 

 

good luck