Friday was another volatile day with a finish up .19 or 2.86%. Watching the bollingers on this stock can pay off much more than holding - at least for a while. Shorts covered 200k shares with the last short report. That brings us to 27 days to cover. Still a lot of play and a potential nice payday for another month or two. Sitting at the top of the BB's from 1 minute to 15. The 30min chart has some room to move up. Weekly and monthly are at the top as well.
Weekly chart closed it's latest candle in the green again - that is 8 of the last 9 green with last week having consolidation - as I expected - see a couple posts ago.
Hot to play this? Will likely go above the bb's early tomorrow. Then a little consolidation. The 30 min chart is still strong, so look for a move back up - even by 10am. I expect a good day Monday, but by the end of the week things will likely tighten up - still green candle, but likely won't close the week as high as early during the week. One of these days we will likely see $7.85ish. I expect it to happen after closing the 30 min (completed candle) above $7.20. If the volume drops on the way up, take some off the table. If volume increases, no need to sell even if well above the bb. If it happens according to plan, I will take some off the table at around $7.85 - volume and bb will be my strongest indicators. Should there still be considerable short, I will wait for the dip and then get back in with 2 feet.
News 
Market Data 
Discover 
AI
