PYX at 22 year resistanceInteresting why anyone would go long at this point.
Hard to short this stock cause you don't want to get caught in a squeeze, IV of 250% rules out puts and that leaves selling deep ITM calls.
PYX
Wedge on timeframe 1 dayThe wedge was formed on timeframe 1 day. I expect growth of quotes if the price breaks the upper limit of the pattern.
PYX Weekly Potential Bullish Turn ($16.12 Price Target)Weekly Bar that closes over $9.73 would indicate a bullish reversal. Price target $16.12
$PYX Is A Potential Short Squeeze Play$PYX has been ticking up recently as light short covering. We think there's more room to squeeze the shorts as 29% of the float is short. Our only concern is that the stock has been rising on no news. It has been climbing with sympathy among beaten down cannabis names. While we aren't going to shout buy from the top of buildings, $PYX is worth watching.
Pyxus International, Inc., an agricultural company, engages in the provision of various agricultural products, ingredients, and services to businesses and customers. It offers leaf tobacco; e-liquids used in vaporizers, electronic cigarettes, and other vaping hardware and accessories; and industrial hemp-derived cannabidiol products. The company was formerly known as Alliance One International, Inc. and changed its name to Pyxus International, Inc. in September 2018. Pyxus International, Inc. was founded in 1873 and is based in Morrisville, North Carolina.
As always, trade with caution and use protective stops.
Good luck to all!
Possible PYX squeeeeeezeWith earnings due to report early June this thing is looking a little squeezy! Somewhere about 30% of the float is short on this, held mostly by institutions, and has the momentum of MJ/ industrial hemp / CBD. If macros can stabilize this thing has a chance to fly!
This Weeks Three Top Stock - Blended Price Chart for PerformanceThese are this week top three stock plays with a custom chart showing how they all move going forward. These are expected to rally within a 21 day window.
$weed looking for pull back on daily chart , RSI OB, Fib level$weed looking for pull back on daily chart , RSI OB, Fib level closed right around .382 level or $50.80. Looking for consolidation and higher low, volume is not bullish and $spy is hitting resistance at $259. Tech Earnings next will set market direction. *own canopy shares, $nbev calls and bought $pyx feb calls friday. Shortdata.ca for short interest information. Good luck, happy trading!
