I don’t think it makes much of a difference, we have had selling pressure and the stock held up, it’s time for that move up! Until the chart setup changes, I’m going to stay long. It’s a perfect classic bull setup with several confirmed indicators! That tells me much more than hypothetical theories by a bunch of short sellers with their own agenda! In this business you have respect the trend, even if it’s not making sense to you! In every stock the are bears and bulls and that makes a market, know what you own!
Today more confirmed bull indicators: yesterday we closed above 50 day SMA and to confirm the trend today we closed above the 100 day SMA! Do some research on chart pattern and you will see how strong this move is :)
All in my own opinion, whomever wants to sell, there are plenty of buyers willing to buy at these levels
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