I am watching TGL for a short squeeze. A recent pivot high in the past year was about 37 and the ATH of 168 was the winter and spring of late 2022 and early 2023. This is an app that matches merchants and consumers with incentives to both to deal and make transactions. I believe that it has been heavily shorted while in a persistent trend down. Relative...
Positive Divergences are developing in many stocks as they reach strong support levels. NVDA, SYNH and ZM are examples that showed signs of the run down ending as volume indicators diverged upward against the decline. This is an early buy to cover signal for short positions.
UTX was under heavy selling by High Frequency Traders for 2 days. The runs down ended at a weaker support level. Sell short traders should consider this a risk area for a bounce, due to Buy to Cover orders from Professional Traders closing sell short positions.
$CDTI rose sharply following a Gap Up over the previous few days due to good fundamentals and a contract win with Honda. However, the chart was over extended and volume started fading into the close on the 12th of July so I shorted on the first red day with one of my brokers who had shares to short. I anticipate that this will follow through to 0.50 (and...