Gains on the news
Updated
RVOL -19 (huge)
AVOL (90) - 7 (OK)
ATR - 2.4 (OK)
Short interest -29%
Stock has absolutely blown through the shorts and squeezed people out. Short interest still remains elevated though, showing potential for additional squeezes. I am looking for a low volume pullback to either of the two yellow lines. It is a tricky one, so i plan to keep tight stops of 20-30c. ATR is elevated by the last two days, it used to be much lower before that, so 20-30c should be sufficient. Targets depend on the entry, but the key inflection points will trigger partial sells.
AVOL (90) - 7 (OK)
ATR - 2.4 (OK)
Short interest -29%
Stock has absolutely blown through the shorts and squeezed people out. Short interest still remains elevated though, showing potential for additional squeezes. I am looking for a low volume pullback to either of the two yellow lines. It is a tricky one, so i plan to keep tight stops of 20-30c. ATR is elevated by the last two days, it used to be much lower before that, so 20-30c should be sufficient. Targets depend on the entry, but the key inflection points will trigger partial sells.
Comment
What a great call this one was!Trade closed: target reached
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