Update to my previous post:
Short-squeeze frenzy ignited volatility and catapulted the stock new consolidation level around $35 as point of control.
Further play will be much driven by earnings and lock-up period expiration on Feb 16 or 17.
Potentially, we may see pull back to key support level of $31 with possible false break-outs to $28 and in worst case $25.
However, the overall sentiment and fundamentals are in favor of the company to break the flag and target $43 and $50 levels.
Short-squeeze frenzy ignited volatility and catapulted the stock new consolidation level around $35 as point of control.
Further play will be much driven by earnings and lock-up period expiration on Feb 16 or 17.
Potentially, we may see pull back to key support level of $31 with possible false break-outs to $28 and in worst case $25.
However, the overall sentiment and fundamentals are in favor of the company to break the flag and target $43 and $50 levels.
