As the chart shows there was indeed a concerted effort by daytraders to break the short but the overall market sentiment was down which has resulted in the VAIS reaching the first target, a reaction from the long which has reached the first target, to the point where the short would fail but subsequent bad news has added more short sellers. The AIL is close to being tested for the 4th time on the 60 minute chart.
We have identified the next short targets for the intraday at this point. If there is a considerable gap down, the VAIS 2nd target will likely be the target for the gap.
Note that AIL has been tested several times and has been aggressively bought with a MAE of 50 cents and a MFE of $2.20 so far which computes to 1 risked for 4.4 gained. Favorable MAE/MFA multiple will increase as price advances.