AKCA buying opportunity!!

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.

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Dec 15
Comment: Dont tell me I didnt tell you....!!


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