Long Thesis: - Double bottom out of a broken downtrend - HIGH SHORT FLOAT: 38% - Market near all-time high
Could see a pop ahead of earnings, OR earnings could be the catalyst needed to turn this thing around. Market near ATH, plus high short float could see a nice short squeeze and rally.
Don't like the long-term downtrend, ton of bag holders on the way up.
Trade closed: target reached
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Popped into previous Support turned Resistance. Took position off
Watch out for a going concern warning on this one. It could come at any time at this point. Also what's to say this isn't a similar set up to the Oct. 2023 price action? I'm not trying to troll just curious what your stop is especially given the risk for a large downside move after hours