VIAC down from over $100 to less than $40 in a rapid decline, slow bleed for the last few weeks increased shorting.
Short Interest currently at over 100M shares on a float of 550M, solid company which got caught up in the forced liquidation of Archegos Capital positions.
Tightly packed Squeeze triggers above 20MA at 41.99,42.69,43.11,44.37,46.25,48.40,49.51.
Target $60 on Pop.
Short Interest currently at over 100M shares on a float of 550M, solid company which got caught up in the forced liquidation of Archegos Capital positions.
Tightly packed Squeeze triggers above 20MA at 41.99,42.69,43.11,44.37,46.25,48.40,49.51.
Target $60 on Pop.
Comment:
$37 Good support area, and daily volume still decreasing. Shorts unable to push down on volume. Watch this one over the next few days for Squeeze on volume.
Trade active:
Entered Long
