Before, I brought up the head and shoulder on the RSI for the 1D candles. Today it’s at 65.05 on the RSI. With super bullish being considered 65+ and the head of the rsi is at 85. There’s still room for it to run before the head and shoulder is out of the picture. There is a lot of hype about the short interest that still could drive in more buyers. With more upside is still in the picture, if the head and shoulder pattern is and option on the RSI, it could head down to 20-30.
The days to cover is only .2 days. Shorts aren’t worried. Once this stock gets accumulated. Shorts will make bank. This is just accumulation. Nothing about this is a squeeze
Levnoo
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@Stocta 0.2 days, mm has to deliver all OIM from last week, shorts have to buy 4m. Free float is 1.9m. They can buy and sell 60m shares on finra or margin.