Indicators : EMA show that the 9 days EMA is about to cut right through under the 18 and 27 EMA respectively, showing a pick up in the movement.
Previously, when the stock hit the recent bottom, according to FIB retracement, it ended up at 0.618 and then extended its gains based on FIB EXT also to 0.618. Following the same trend, and looking PSAR and EMA we it is evident that the stock is expecting another small before the it collapses.
The collapse could be due to the funds shorting over 30 percent of its float meaning . With that in mind, the occurrence of such small rallies is nothing more than the short squeeze where funds have to cover their position.
Previously, when the stock hit the recent bottom, according to FIB retracement, it ended up at 0.618 and then extended its gains based on FIB EXT also to 0.618. Following the same trend, and looking PSAR and EMA we it is evident that the stock is expecting another small before the it collapses.
The collapse could be due to the funds shorting over 30 percent of its float meaning . With that in mind, the occurrence of such small rallies is nothing more than the short squeeze where funds have to cover their position.
Trade chiuso: obiettivo raggiunto:
Target Reached