Indeed. I would imagine the shorters alarm bells will be ringing when the wedge breaks i.e. a close at or above 40.8p, but as cdu pointed out 44p and north will be unequivocal breakout territory.
There is very little float available at the current price - yesterday morning it was not possible to fill a £10k order at full ask.
When the short squeeze was on with AQP last year, the lack of news helped push it up - there was a dribble of volume from the 10% profit types selling, but nothing like enough to sell the shares OAM et al needed to buy back. The big shorts need volume to close.
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