Juba, unless it breaks out of its downward channel - or consolidates above .10 - it's not a higher low. In fact, I don't think it can be a higher low because there is a lower low on the 30min timeframe. Until it at the very least regains its 10day moving average (and it has to almost triple from here to do that), it's low is not in.
On the capitulation during the resumption after the T12 halt, there should have been a real bounce. There really hasn't been any. And off the .10 bottom, there was no follow through on a pretty violent squeeze that should have seen a second leg up. That's because they stacked the ask to preclude it.
In short, the stock won't make a higher low until the short volume subsides. This can only happen on a catalyst or if the institutional shenanigans cease. And… in fact… a string of catalysts given the pervasive skepticism; and any actual long-term speculators will look to recoup whatever they can, wherever they can.
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