MP1 2.34% $8.34 megaport limited

MP1: Short Squeeze, page-39

  1. 6,452 Posts.
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    Shorts still controlling the daily movements until they have exited. Long way to go. Wondering when fund managers will realise this may be one of the cheaper tech stocks around and squeeze them out. No CR to save to save shorters (and they now know it).

    https://hotcopper.com.au/data/attachments/5285/5285356-4aa98edb0ad1a6b606e1b24c7c3c9bd0.jpg


    Contracting volatility and volume dropping off. Looks like this ain't coming down to close that gap. That 200MA @ 6.31 would be a good first target, imo. The bull flag pole height suggests a target of 7.25.

    https://hotcopper.com.au/data/attachments/5285/5285375-daf8c024b30cac0ba746a44f2a88f79c.jpg
 
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