If it will make another strong move..it will do it with short little candles...any quick movement up..would suggest short lived energy aka Great SHORT opportunity...any gradual movement down with small candles would suggest "short trap" most likely will do another intra day spike, possibly 50% or more....
Any gradual move up.....would indicate strong bullish move once again.
On a chart like RPRX i would stay FAR FAR FAR away from shorting. Give it 3 days before CONSIDERING shorting.
Focus on making money here long
The float isn't exactly that tiny. But with that given factor , it still can prove to move nicely.
Also notice HEDGE FUNDS HEAVY interest in it. something like 60% or so i believe .
When HEDGE FUNDS own that much of a stock,,,its a good thing and bad...the BAD PART: is if they feel like , any moment , they can let go of half or 1/3 or full position at open market, creating a DUMPAGE situation. Or they can hold... point is...this can drop fast and without warning....something to keep in mind.
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