Very interesting trading pattern here (again)
Nids are building up in the 2,20$ to 2,23$ and asks are getting thinner indicating that IF filing was to occur toady, some could be facing kind of a short squeeze and buying pressure could lead the stock value above 2,40$ very rapidly.
Do not forget that a lot more than 115M shares (July 31st report) are now shorted and with actual volume it could mean up to 6 trading days for shorters to cover up if RAD stays without news.
In case of great news, whoever shorted RAD could get in trouble and forced to buy very rapidly.
So, volume is still needed but anything over 20M shares traded could indicate a rapid upward movement.
Stay tuned.
Nids are building up in the 2,20$ to 2,23$ and asks are getting thinner indicating that IF filing was to occur toady, some could be facing kind of a short squeeze and buying pressure could lead the stock value above 2,40$ very rapidly.
Do not forget that a lot more than 115M shares (July 31st report) are now shorted and with actual volume it could mean up to 6 trading days for shorters to cover up if RAD stays without news.
In case of great news, whoever shorted RAD could get in trouble and forced to buy very rapidly.
So, volume is still needed but anything over 20M shares traded could indicate a rapid upward movement.
Stay tuned.
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