How might the announced business update and upcoming conference call affect the stock’s short‑term price action and trading volume?

The Q1 release and the accompanying “business update” are likely to act as a catalyst that lifts both price and volume in the near‑term. In a thinly traded TSX micro‑cap such as BABY, earnings‑driven news tends to generate a sharp, short‑lived spike in activity as institutional analysts and retail traders scramble to digest the details. If the headline earnings beat, revenue growth or an upgraded guidance line is highlighted in the release, we can expect a bullish opening, with the stock breaking above the current day‑range and testing the nearest resistance (approximately the prior high‑plus‑2 % level). Conversely, any soft guidance or a surprise cost increase will trigger a quick sell‑off, likely taking the price back toward the nearest support (the 20‑day SMA or the low of the past 5‑day candle).

From a technical standpoint, the key watch‑points around the conference‑call window (10:00 AM ET) are the VWAP and the 9‑period EMA on the 5‑minute chart. A decisive move above VWAP with increasing volume will confirm buying pressure and could set up a momentum‑play for a short‑term breakout (target the next round‑number resistance or the 38.2 % Fibonacci extension of the recent up‑move). If the price stalls below VWAP and volume spikes on the sell side, a quick scalp or a defensive stop‑loss just below the 20‑day SMA would be prudent. In practice, traders should monitor the pre‑call order flow for any large block trades—these often foreshadow the direction of the post‑call swing. In summary: expect a volume‑heavy, volatility‑rich session; position long only if the update contains positive earnings or forward‑looking guidance, and use tight, intraday risk controls for the inevitable post‑call price swing.