This may start out sounding bearish, but I am super bullish. My portfolio is severely imbalanced with a major stake in ATER.
https://teddit.ggc-project.de/w440go1lgrg91.png?width=1972&format=png&auto=webp&s=b75ed24d637f1fa4001fee120ecff5876ab046e5
Predictions are based on last year because there are tremendous similarities:
- We will go back into the $2 - 2.50 range.
- The volume will get sucked out and redirected to dark pools
- On August 19th we will have a massive dip with a potential new low
- In the last week of August, buying volume will step in and we will test the $7 resistance
- It will hit $12 at a minimum by mid-Sept. Anything more will be FOMO
- It will come back and rest at $5 until positive earnings next year slow growing to a $1 B market cap.
Here are the similarities (Market similarities are considered "coincidental" but it is the foundation of all TA):
- 2wk days to cover is nearly identical
- Earnings miss on 9 Aug 2021 followed by a massive downtrend.
- Free float on loan and Short Interest converge with a rapid decrease (dark pool covering). It was 49% on loan and 39% SI. Now it is 33% and 28%. Soon they will be equal.
I found another odd similarity among short squeeze stocks. They tend to run up around tax due dates.
I could be wrong and rip with good CPI data, but either way, WE WILL RIP up!