RE: Ready for a bounce? - is this a bit oversold9 Dec 2021 12:24
exact, the game is now how to screw the shorts, as its far easily to rally up and have them cover position.
all it takes is one big boys to but a massive holding, trigger auto-buys and the algos, and this will rocket up to the 170's without breaking a sweat.
look at the trading patterns for the past week, every time this makes a break the shorts pull it back down out of fear, but they are now in the weak position as the share has been so beaten that it would be difficult to drag any lower.