CBL: Great Potential. EW ABC correction near completion with C
near bottom channel. Wait for the 1-2-3 points to develop.
Kommentar:
Since the printing of an ATL, it has broken out of the downtrend line, broken out of the iHnS neckline, printed two higher highs, and a higher low. Also a perfect match of the wave 3 target and iHns Target
Kommentar:
Short squeeze.....60% in 2 days. NYSE required CBL to maintain stock price above $1 for 30 days....Exeter acquired 11% activist shares. Short float 28%. Outstanding shares 173M. Short volume 44M. Volume in the past 2 days 20M. Expect another 2 days of short covering