NorthWest Biotherapeutics Inc (NWBO)

[Rkmatters]

It's starting. You know when you see a high volume day, which didn't start that way, and yet continues to remain overbought even as volume tapers, it takes out resistance as no one is selling. After that big buy, that's when things quickly got serious. It slowed down after some sell resistance triggers early on. But, the close at high of day, with all dips bought, means shorts are getting concerned of a gap up. And they should worry, it's heading higher from here. I doubt any of them will open a new short position anytime soon. It's too risky.

By the way, I wouldn't underestimate the Forbes article if I were you - that was news - big news! I imagine it's the first on many unexpected media catalyst, and it will help continue to bring interest to the stock, which should help with supports. The stock is overbought, supply is diminishing, at a point we're waiting for company news; combine that with renewed stock interest from retail and possible from institutions, and you get the makings of a grapefruit squeeze. It has potential to be epic. All those sales you joked about, will sure look like sales soon. New high is possible. :)