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
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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