XpresSpa Group Inc (XSPA)

[Realizer]

The best thing we could see now is:

A slow controlled increase in price.

Sudden dips followed by buying.

A slow decrease in shorts.

Volume of 4-8 mil a day.

This will signal a move from accumulation by institutions to a pattern of covering.

We may see a day or two of downward pushes to try and take some retail out and cover at lower price.

My thought process tells me without news we will be sitting close to these levels come Friday. Then we start seeing the incremental increase as I spoke of.

The wildcard (without news of course) would be another institution stepping on someone's toes to cause a squeeze. Unlikely until RR is ruled on but possible.