$CSOC Shares Curl Higher as Shorts Scramble Amid M&A HintsCSOC shares have been breaking out as the stock carries apparently massive short interest while dropping increasingly obvious hints about the potential for a near-term M&A move involving a commercial stage enterprise.
Caduceus Software Systems Corp (OTCMKTS:CSOC) frames itself as a Wyoming-based holding company focused on M&A involving businesses already at commercial stage operations.
Right now, according to recent company communications as well as trading mechanics data, this could actually be a very interesting story.
The basic gist of that story is that this is a heavily shorted name that might be on the verge of some game-changing revelations based on hints dropped by the company in its recent corporate update release as well as its social media posts, as detailed here .
FUBO
FUBO - Don't chase, patience...Similar to the SNDL chart I posted yesterday, FUBO is cooling off and returning back to a more reasonable buying zone.
Despite Twitter being bullish at current price levels, I believe a more ideal risk/reward long trade is a bit further down.
Technical reasons for the trade:
→ Price has exploded on high volume . This means more eyes are on this stock, with people who missed the first move wanting in on the action
→ Very little volume traded overhead. When this breaks the old highs, it will fly. Extra rocket fuel with the current short float of 39% (!!!) according to finviz
→ Price retracing back into the RLZ. Ideal buy entry at the 0.618 fib level
Good luck!
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