Analyzing the daily chart for AKCA, it can be noticed that the price held its long term support level and it's setting up for a rise. The price has been steadily increasing in the last couple days with new higher highs. If the price follows its established uptrend channel, or the newly forming downtrend channel, we can see that there is room for a big run up. For the moving averages, the MACD is about to cross up above the signal line, indicating a bullish signal.
AKCA has a high short float percentage (around 70%), but it had a negative (-4%) short growth today. The positive price changes (4.97% today) may has caused the negative short growth and a possible short squeeze.
Please leave your comments below and a LIKE or/and FOLLOW. I'd really appreciate it.
AKCA has a high short float percentage (around 70%), but it had a negative (-4%) short growth today. The positive price changes (4.97% today) may has caused the negative short growth and a possible short squeeze.
Please leave your comments below and a LIKE or/and FOLLOW. I'd really appreciate it.
Comment:
Dont tell me I didnt tell you....!!