Tried to catch this for a short squeeze. Had a great run in the previous day but got down on the open. Seen it trending down but was looking as though it sounds support. Didn’t like The action after it pushed towards $4.85 area. Sold the rest of the position didn’t want to get caught in the downtrend.
This wasn’t on my watchlist at the beginning of the day but I have noticed it’s movements and from the pattern historically on that chart it has been known for squeezing when short interest is high.
Execution detail:
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