Looking at the daily chart, we had a similar setup near the end of January. Once the 14-day SMA crossed above the 50-day SMA, we ran straight to $1.50.
As of today, we are holding the same support level that we held in January, and the 14-day SMA is about to cross the 50-day SMA again.
I expect we’ll cross tomorrow or Monday, depending on how we open in the morning. Nonetheless, very bullish setup developing here.
Beyond that, there is still a very high percentage of the float being shorted, so I expect another squeeze coming - again, either tomorrow morning or on Monday. This should be the big push to $1.50 we’ve all been waiting for.
Good luck to everyone!
