XpresSpa Group Inc (XSPA)

[tobinator00]

Sellers making a stand at 38% Fibonacci Retracement

http://stockcharts.com/h-sc/ui?s=VRNG&p=W&yr=1&mn=2&dy=0&id=p61961673380&listNum=3&a=310237835

Thus far, I am seeing shorts and stale longs keeping a lid on the price. No evidence of panicked short covering though some retail have probably have. Bulls need a big short fund to blink. Today I think the price is fighting Whack-A-Mole syndrome.

We have seen 7.5 million shares traded as of 12:16 PM EDT, which is almost 3 hours of trading. Contrast this to the 4 million in a half-hour Friday. Thus far we have seen after the opening spike higher, a series of lower lows and higher highs. I think if bulls can grind through $3.90, we could see a spurt to $4.20.