Volume tripled since morning and it jumped from $1 area "on air" to $1.30 area which means hundreds of million of shares are still trapped in this trade on the shortsell side and will have to exit one way or another without risking holding overnight and getting their accounts blown out.
We know when shortseller wants to exit he needs to cover to buy so it gives further buying to the stock.
We know when shortseller wants to exit he needs to cover to buy so it gives further buying to the stock.
Trade active
As explained, those huge sizes of trapped shortsellers got partially squeezed into $2+ which made stock reach +355% on the day. We'll see what tomorrow brings.
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🚨 JOIN LIVE TRADING CHATROOM
📢 GET BUY & SELL ALERTS
👉 FREE TRIAL: ProfitTradeRoom.com 👈
📢 GET BUY & SELL ALERTS
👉 FREE TRIAL: ProfitTradeRoom.com 👈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.