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ISharpE
Oct 15, 2023 6:25 PM

TTOO - Temporary Bottom Likely Long

T2 Biosystems, Inc.NASDAQ

Description

Through deceitfulness of the current CEO regarding a surprise share split, the stock has seen a lot of damage recently.

However, keep in mind that in order for shorts to make their money/profit. They need liquidity to exit their trade. There's a ton at this level given VPR, that combined with the 0.886 Fib level, we're definitely at the max pain zone. Highly likely that shorts are exiting their positions in mass near this level.

We're looking at an initial strong response of buying pressure due to mass shorts exiting + some high risk long entries, second move will be likely to a mix of short squeezing and new opportunistic buyers after seeing a solid higher low on the daily level.

THIS ENTIRE PLAN IS INVALIDATED IF TTOO CEO COMES OUT AND ANNOUNCES PLANS FOR MORE SHARE DILUTION.
Comments
DefiWolf
Nice work!
ISharpE
@DefiWolf Thank you!
yurii678
what is the next step for this stock?
ChadGraham
reverse stock split is criminal. i lost 80% of my investment. management in this company is disgusting!!
ISharpE
@ChadGraham reverse splits change nothing underlying about the company - this reaction was only so harsh due to the deceptive nature it happened by.
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