MMs could definitely pull the rug out from under this again, after yesterday it’s obvious.
If this ends up churning right here in this range it’ll be healthy consolidation. Doji candle already forming for the daily, if that holds true through close its an excellent confirmation for all that bottom is in and we’ll pop hard on some positive news.
Expected news:
Q1 fins 8k update of chapter 11 being closed. I expect some sort of filing for the “Q” removal as weli. Since they are no longer under any form of BK. June 29th is when bids are due for the buyout as well.
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