I am learning how to trade these stocks but my answer would be A. To me the pattern seems to follow that there is a short squeeze.
But the shorts have come back and shorted more in an attempt to bring the price back down to levels where they can try to cover at a lower cost.
I saw there was a gap up so I would also assume the MMs will try to close the Gap, which the shorts are probably counting on.
Then I think that it could go back to $19.57 if the shorts and the MMs push it down there. But I see a big problem with that.
If the stock were to drop that low, they would end up with I think an even heavier buying frenzy than before, so the compromise would be $20.18 for the low then off to $28 area IMHO.
Does that make sense? Thank you.
Anything that I state is speculation and my opinion only. Please do not take anything I say as information you should invest on.
