The shorting of far and stocks in general follows an interesting pattern. Remember shorters can only benefit if there are active sellers in volume. Hence in general when significant events are on the horizon there will be an increase to generally cap a stock or the other reason is because there is negative news ahead. This is where a decrease in shorts is important to indicate the former I.e. Accumulation over the negative news. What I will be looking for is when that starts reversing in far. This will cause a drop and consolidation of the sp. this will be based on how many sellers get triggered. Then we see the brakes get released as the shorts percentage crosses down over the sp.
FAR Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
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