RBDX finally made that Breakout on the daily chart and following day we got some nice capitulation of shorts giving the master puppet of this manipulated ticker a beautiful opportunity to exit under/over $10 whole number.
Its important to highlight that CYN, another heavily shorted ticker that had holds its gains pretty well and similar to RBDX had just given a 1st Red day play the day before. Some context into the psychology of the players involved that trade similar tickers.
The fact that on capitulation day after that last 10.50s HOD clearout, it proceeded and end the day in such weak fashion was a sign that following day may come that 1st Bloody Red Day. Major gap down the next day and continuation of the bleed off. Took my whole short off after the opening bell and afterwards was just a matter of being patient and wait for a bounce to reshort. Range was fantastic overall.
Took some rehits a little early at 7.50s (Loss). Waited for it to top out and shorted key support from prior day, new resistance. Big Win
Its important to highlight that CYN, another heavily shorted ticker that had holds its gains pretty well and similar to RBDX had just given a 1st Red day play the day before. Some context into the psychology of the players involved that trade similar tickers.
The fact that on capitulation day after that last 10.50s HOD clearout, it proceeded and end the day in such weak fashion was a sign that following day may come that 1st Bloody Red Day. Major gap down the next day and continuation of the bleed off. Took my whole short off after the opening bell and afterwards was just a matter of being patient and wait for a bounce to reshort. Range was fantastic overall.
Took some rehits a little early at 7.50s (Loss). Waited for it to top out and shorted key support from prior day, new resistance. Big Win