bull flag on the weekly, structure looks good. My near term bull targets are $4.89, $7.82, $22.02. I suspect retracing at $5 & $8 tho, more so at $8 it's 52 week high, keep in mind this thing isn't tradable in the options paper so a gamma squeeze likely not in the cards right now. Lot's of volatility in XELA, but could see strong gains day after day this week if it stays in the green, leads on volume, and percentage-wise keeps chasers chasing and shorts covering....🤙🏽
Trade closed manually:
Nice pop today, but volatile, no true short squeeze materializing, it's just getting traded violently. Gap not filled but volume is waining here. Not enough open interest, my sense is it trades back down, creates a bull trap for those buying at these levels. Has a really hard time staying above $3.41. We'll see. Might get pumped tomorrow to 5 but it's really a dicey chase at this point.