AMEX:ITP IT Tech Packaging, Inc
This is the weekly view of ITP . With a float of less than 25 million shares, and around 25% of them short, this chart looks primed for a short squeeze. Today, was about 5x the recent average, and was close to double the overall float. Based on the weekly chart, the next level of significant resistance is around $1.50/share. The stock closed at the highs of the day, and after hours it's up even further. If ITP can continue through $1.50 tomorrow, the next area of major resistance is around $2.00, suggesting a potential 30-40% upside from here.