Expecting an upcoming short squeeze on RileyAfter Riley hit its lows at 4.57 by end last month I have been monitoring its uptrend and short interest.
Currently this is stock has a short interest of 76.6% indicating another push up soon for this stock.
ENTRY point: 5.70
First target 9.62
You can trade this as a short term swing trade or keep this as a long term investment!
I will keep updating this trade as we go!
RILY trade ideas
Short Squeeze SetupThis chart highlights key movements in RILY's stock with changes in short interest and trading volume serving as focal points. Initially, short interest grew from 4 million to 11 million from the start of November to the end of December, indicating increasing bearish sentiment. However, a notable shift occurred in February, with a slight decrease in short interest to 10.4 million, suggesting a potential reversal and a short squeeze setup.
Short Squeeze potential of 180% The anticipation surrounding the earnings report, scheduled for February 28th, has sparked speculation of a potential short squeeze immediately following its release. The forecasted movement, expected to unfold over a span of 6 to 9 days, is characterized by a notable intraday increase, with expectations set around a 15% rise during this period. This bullish outlook targets a price point of $45. The underlying sentiment suggests that the market reaction to the earnings report could catalyze a significant shift, driving up the stock price as short sellers are compelled to cover their positions. This phenomenon, commonly referred to as a short squeeze, occurs when a stock's price increases sharply, forcing those who bet against it to buy shares at higher prices to mitigate losses, further fueling the upward momentum.
RilyThis stock has been considlating for a while. Super high short interest , low float stock that has so much potential to rip to 30-40$ easily. A huge double bottom was put in with a higher low and now we are considlating between 21.80 and 24.50. If we can break out o this current bullish pennant we could see a move towards 29$. I have been buying this between 21-22.80 sitting with an averge around 22.15. The bears aren’t strong enough to keep this down, only way next is up!! Keep on your radar or start buying anything under 23$
RILY Financial? RILY FUGGEDABOUTITIn my past RILY analysis videos, the basis of our theory of a potential breakout and short squeeze was bulls being in control and holding the teal taper. Since then, we've broken through and shown 0 control by the bulls - and bears are now well in control using the strong selling magenta channel.
This company shot themselves in the foot with sketchy dealings and will now be in full-on recovery mode.
Happy Trading!
RILY - Updated Analysis - Still holding the taper!Here's what to look out for in order to fulfill our breakout dream and trap all the short sellers (and yes, there are a lot of them). As long as our teal tapered selling holds, we know buyers are still in control and just waiting for the wedge with our stronger selling magenta channel to break loose.
Stay tuned!
Happy Trading :)
RILY Update - Breakout Still Imminent! Buyers ARE in control!Keep an eye out for a break of this magenta strong selling channel - this will be our initial indication of a retest of the top of teal tapered and that is where, if yellow and purple channels are holding price, we can see a large breakout.
Until then, there is a massive short float on this stock so we'll likely need to wait for the teal and magenta wedge for this to happen.
As always I will keep you posted with further updates as we move forward
Happy Trading :)
B. Riley Trade Idea - Breakout Imminent!It could happen, tomorrow, or in 2 months from now - but the chart is giving us an opportunity to potentially catch a huge move on this one if we break out of this tapered selling channel, as we saw happen before the huge spike in early 2023.
Feel free to reach out with questions or comments!
RILY LongRILY (Riley Financial Inc.) is a financial company offering diverse services including investment banking and brokerage services. As of the latest data, the stock has a substantial short interest of 10,571,625 shares. This figure is crucial as it represents the total number of shares that have been sold short but not yet covered or closed out.
Short Interest Analysis
Short Interest Volume: With over 10 million shares in short interest, RILY exhibits a significant bearish sentiment among investors. This high level of short interest indicates that a considerable number of investors are betting on the stock's price decline.
Potential for a Short Squeeze: When a stock like RILY has a high short interest, it can lead to a short squeeze. A short squeeze occurs when the stock's price starts to rise, and short sellers rush to buy back shares to cover their positions, driving the price even higher.
Current Price and Accumulation Zone
Accumulation Zone: The stock is currently in what is described as an 'accumulation zone.' This zone is typically where investors believe the stock is undervalued or has significant potential for growth, leading to buying interest.
Potential for Price Increase: The combination of being in an accumulation zone and having a high short interest suggests that the stock price might see an upward movement. This is because as more investors buy into the stock, the price may rise, prompting short sellers to cover their positions, further accelerating the price increase.
B. Riley Financial also sinking.We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
RILY looks very promisingNASDAQ:RILY is about to break out, price action in the recent down trending market is impressive. Long the break out of the flag, anticipated price action and targets are shown on the chart, stop loss 72$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
$RILYEntry price : 49.59
Fundamentals :
- Sector: Finance - Investment Banks
- EPS % Chg (Last Qtr): 866%*
- EPS % Chg (Previous Qtr): 44%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): -%
- Sales % Chg (Previous Qtr): 27%
- 3-Year Sales Growth Rate: 28%
- Annual Pre -Tax Margin: 23.7%
*Q4 preliminary results
RILY - Breakout WatchRILY could add nearly 10 points by the end of the year, but I'm looking for a short term impulse to the recent highs around 29. I'm waiting to enter until trend line is broken to the upside.
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