$30 FLT PARTY, page-277

Hi FLT Holders and non holders

Updated chart below - looking strong

Here is a thought:
1) Lets think of the shorts at this moment. Generally you put stop losses on the previous resistance points
2) If one was short, and if FLT broke 23.55, or 25.35, then you would expect some heavy short covering.
3) Question is how much covering is required, and where will the SP go to? Any guesses? I am betting they will cover the gap between 25.04 & 25.64 as first target

Lets talk about shorts
3) Keep in mind there are approximately 18.23% shorts out there
4) Shorts increased from 18th october 2021from 9.87% to todays number of 18.23%. Share price was 22.74 on 18th october 2021.
5) At todays price, it be fair to argue that approximately 8-9% of shorts are underwater, based on todays closing price of $22.55




Short Vs Price Shart below
1) Yellow line is % of shorts on the access to the left (%)
2) Grey line is Share price on the access to the right ($AUD)



Mind the GAPS - Gaps get filled more often then not!!!
1) 25.64 first gap fill
2) 33.70 second gap fill - bit far!!! but absolutely possible, perhaps not this run!!!