I think the market makers are going to deliberately push us into a higher trading zone to punish the ~25+mil shorts.
My guess, $4-$4.50 (not necessarily Monday, but i reckon by end of next week once all the weak retail hands have been shaken out).
When we get into the new trading range $4-$4.50 we will sit there and churn for a while.
Anyone that wants to get in will have to pay the new price, which will be above $4.
Trading range will move higher with every small positive announcement for next approx. 4 weeks.
Shorters will try and bring the price back down, but it wont be happening. Every share offered lower than the trading range dictated by the big longers will be mopped up, and shorts will have to pay whatever price the big longers are happy to sell at.
We will see a number of large XTs, as the intso shorts take their medicine soon instead of getting completely wiped out on a possible company making announcement.
I.e. we will see a repeat of what i would speculate happened after last CR @ $2.
Just my opinion, not adivce
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Last
$1.16 |
Change
0.070(6.45%) |
Mkt cap ! $1.318B |
Open | High | Low | Value | Volume |
$1.12 | $1.20 | $1.11 | $20.88M | 17.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 59978 | $1.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 34019 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 59978 | 1.150 |
9 | 317014 | 1.145 |
2 | 42121 | 1.140 |
8 | 119942 | 1.130 |
4 | 55950 | 1.125 |
Price($) | Vol. | No. |
---|---|---|
1.155 | 25519 | 2 |
1.160 | 51465 | 2 |
1.165 | 57384 | 5 |
1.170 | 62000 | 4 |
1.180 | 14000 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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|||||
Last
$1.15 |
  |
Change
0.070 ( 5.63 %) |
|||
Open | High | Low | Volume | ||
$1.12 | $1.20 | $1.12 | 3733217 | ||
Last updated 15.59pm 06/05/2024 ? |
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