CDR Short Squeeze Failure?This is an update to: www.tradingview.com
As noted before we lacked upward movement that could end 2nd elliott wave in a statistically popular fibo retracement level. As short squeeze against Mevlin Capital inspired detail investors we have reached a popular level of 61.8%. It seems that memes have lost their momentum for buying stocks like GME or AMC according to what can be seen on the charts I assume the same will happen CDR. Just as writing this possibly S&P500 and NDX stocks are starting to loose upward momentum for the day tomorrow might be a crucial day for CDR. Reaching MA200 cannot come unnoted.
New Fundamentals (previous are still in effect):
Polish WIG20 index which CDR is part of has reached a significant barrier where bears can return.
New Speculation (previous are still in effect):
Short squeeze against Melin Capital (still shorting CDR but at significantly lower level) is loosing momentum as panic movements can be observed both on GME and AMC.
