This small float has been trading in a sideways range since an Aug breakout. According to shortsqueeze.com it has a 23.8% ratio, with 42.2 days needed to cover. Since the all time high is around 53, there is very little breathing room to cover those positions that were looking for a large selloff.
There seems to be solid support around 48.5, with Accum/Dist, RSI and short term MFI sloping upward. A bullish MACD crossover occurred on 10/2 on the daily period.
I am long from 49.80 on 9/30.
There seems to be solid support around 48.5, with Accum/Dist, RSI and short term MFI sloping upward. A bullish MACD crossover occurred on 10/2 on the daily period.
I am long from 49.80 on 9/30.