It's been in a range all year, and now the shorts are gone, I think we could see large accumulation.
The size of the shorts was underestimated when it ran to 10.5, and there wasn't enough buying to worry them.
The BEOT don't loose.
As the shorts have only just exited, I was expecting a buy up from here before another sell off to improve average.
But it also wouldn't surprise me to see the BEOT sell down from here to hit some stops and create more liquidity, and better average for a move up or long term.
The thing on their side right now is time. It's not expected major news will happen before the end of the year, so will need to watch for the tree shake or be wary of the pump and dump.
Could go either way, but wouldn't surprise me to see it dip down to the 7's from here for a liquidity grab.
Can't under estimate the long position sizes like last time.
All a bit of a guessing game right now, but I'm holding and backing Renascor to deliver.
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