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Re: dangreene post# 143

Tuesday, 08/15/2017 11:50:05 AM

Tuesday, August 15, 2017 11:50:05 AM

Post# of 796
Trading volume has been low the past few days and that usually means the selling is exhausted which the shorts created, yet the shorts still have a hold on this. They may of covered some of their positions during this recent downtrend. So any buying interest that is sustained will drive the stock higher with little resistance. Any heavy buying or expected news released will move the stock more likely to the upside filling the gap created. That would be a decent gain from todays trading price.

Of course the shorts could take a larger position here and that would hinder any upward move.The institutional shorts have no idea what this stock is, the algorithms just caught the large up move and shorted it.

It`s technical not fundamental trading except for the news expected to come out on trials.

Hope that helps.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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