Kraig Biocraft Laboratories Inc (KBLB)

[GTman1]

There has been a concerted effort today to try and keep the 50 day moving average from crossing the 200 day moving average. That indicator is called a golden cross, and it is one of the strongest indicators of a long term bull run that technical analysts use when studying charts. The indicator usually brings a lot of buying interest into a stock.

Whoever is short KBLB shares is terrified of this happening, hence the massive effort to drop the share price this morning. But it's not a bad thing really, because the shares sold this morning were likely more short sells, which will eventually turn that shorter into a guaranteed buyer, and if they get squeezed, then the price will run up much faster, just like it did in 2019.

We haven't had a 200/50 golden cross on KBLBs chart for years. It's going to touch today, and likely cross tomorrow. Whoever shorted those shares this morning did it out of desperation. I don't think the near future is going to be very fun for them.