Currently 23% short float interest in TDW. Trending slightly above 20-55day EMA's. Beaten down stock from 9$ to $1.36 at it's 52 week low. Since it's low it's bounced pretty well tagging $4.50 at it's high. That will be the level where we could see this thing run with no resistance until we are above $6's. I put the support and resistance as such in the blue lines. Let's see how this plays out over the course of the week and I will draw trend lines and update as such.
Comment:
Trend confirmation continuing. Remember big short float % this squeeze is coming. 4.50 is last overhead resistance and 200dayMA so we explode upwards from there.