Aug. 12 at 9:53 AM
$ZJYL HA TA aka Half-ass Technical Analysis
Free float: 2M (will go up to 67M in 3-6 months)
ETB: No
CTB: 500% (went up from 50% to 550% and trending down)
ORBISA Lending Analytics: 11 Aug
Utilization: 99% (shorts have covered)
Depth (few, medium, many): Lender – few, Borrower: many
Hold duration (days): 12.5
Theory:
Utilization and CTB remain high. Presume borrowed stock price 3.00, cost = 4c per share /day and 13 days avg hold implies a bleed of 52c/share/day. Shorts are bleeding money BIG TIME.
I suspect momentum brewing under the surface to at least rise to 3.75
Daily chart looks good. Hourly looks good.
Extreme bullish signal: Volume of around 100K on 10s, Price above 3.85ish and price certainly above 5.75 to 6.
Risk of drop all way to 2 so lets see if 2 becomes support.
I think the price will retest 3.75 and shorts will short the stock unless bulls push harder and catch them for a multiday squeeze.
What are your thoughts?
