TrickyRicky78

$WBAI breakout on decent volume

Long
TrickyRicky78 Updated   
NYSE:WBAI   None
Interesting looking chart with rising volume the last few days.
Might be shorts covering - short interest is high with 20% and might go in squeeze mode since it´s a small cap with relatively low liquidity.
Round bottom looks nice as well as the double bottom (almost.. more if you think of aa supportzone than the previous low)
Comment:
Well not this time. I went long right after breakout and got stopped out at 19.30 USD yesterday. Will have an eye on WBAI´s reaction when hitting the supportzone from about 17,30 to 16.50

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.