Aug. 19 at 10:36 AM
$TRUG HA TA aka Half-ass Technical Analysis
Free float: 1M (I think they have an active S-3)
ETB: No
CTB: 550% (rising)
ORBISA Lending Analytics: 18 Aug
Utilization: 99.99%
Depth: Lender – medium, Borrower: high
Hold duration (days): 2
Theory:
Recent bear news sold off the stock but demand for shorting rose and the CTB. Presume borrowed stock price 1$, cost = 1.5c /share /day.
Daily chart looks good – bullish engulfing but EMA200 has lots of room.
Levels to watch: 1.80 and hold could go to 2 and if it holds could go to 2.35 and above.
Catalyst: If there a catalyst it could send it TTM.
Hold! Don’t sell, DON’T lend and if you can buy! Cut off the supply and add to demand (fuel to fire)
Why? Accumulators sold the news, they are back to accumulate (buy) shorts want to buy to cover. So if no one sells low the shorts will be forced to stop the bleeding and cover their positions.
What are your thoughts?
