It can honestly be pretty hard to tell and like all the things you mentioned, makes it hard to know what to follow. The high shorts do allow for a potential squeeze should sentiment change but short term i'd find that unlikely. Maybe a small squeeze but probably not, at least yet. TA right now is probably the best way to understand LKE while the fundamentals have been hammered and from the chart I did up, could be an opportunity at this level. But then again with how poor the sentiment has been, that level might be smashed through. Last I saw it was holding up well so guess time will tell. Like with anything though that chart is just an indication and may be completely wrong or change quickly. If the level breaks would need something hugely positive or a gamestop scenario to change the tone. And JP and State Street are abusing tf out of them with shorts which is kind of ironic considering JP was supposedly a line of credit for lake. Never been a big fan of shorting so always nice to see a short squeeze happen
LKE Price at posting:
21.3¢ Sentiment: None Disclosure: Held
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