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zAngus
Apr 23, 2021 10:28 AM

Ontrak looking very compressed with a big gap to fill. 

Ontrak, Inc.NASDAQ

Description

Just one for interest. I found it on a site that lists the top most shorted stocks and OTRK sites at around 40% short interest.

I'm wondering if there might be a short squeeze about to play out.

Bollingers are crazy compressed and there is a big 80% gap so even a small rise could be interesting.

A stop order perhaps around the $35 to $36 mark could be an interesting way to keep an eye on it.

I haven't tried to play one like this before, so keen to see what happens.
Comments
loopityloop
creative idea! Looks like it broke out of the pattern but no volume confirmation yet:
ConConMcG
Interesting find - I will be watching it closely. Thanks for sharing!
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