What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers...
$BKE after its earning and a positive over reaction following its release, The PEAD projected a neutral outlook for the stock placing the stock in Drift B
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NYSE:BKE
BKE cleared resistance and heading towards next level representing roughly a 15-19% gain. Strong momentum at the moment considering they have had 5th straight month of sales increase. Interesting given COVID 13 week fiscal quarter sales ending Oct 31 2020 jumped 12%to 251M from 224.1M. Sales in certain units were hit due to COVID but has successfully...
Good earnings but not clear at this point. Has to hold the level above 19.60 and to hold above 200 sma
On watch as bullish scenario. If holds, it has potential to go to 24
Ascending Triangle
Waiting for confirmation after break out
Pros
R/R ratio above 8
ER = good
Descending volume during formation
High volume at breakout
Crossed 200MA (but came back)
PPS above 50MA
250RSI almost 50
ATR climbing, more volatility
Cons
200MA descending
PPS below 200MA
Gigher price rejection on ER day (bearish)
If confirmed (watching monday)
PT1 =...
What I see...
+ Side way move within channel since prices hit bottom back in early April
+ Reversal candle with confirmation painted last week
+ Triple NR7 bars with descending vol., followed by a wide range bar with higher vol.
+ 10ma is crossing 50ma
+ MACD is about to turn bullish!
+ RSI is at 56
+ Prices are supported by 50MA and 10MA
+ Somewhat narrow...
$BKE delivered a strong Q3 earnings report and the stock gapped and made new 52-week highs. With 35% of the float short, we believe $BKE is set to keep climbing as the shorts get squeezed. Here are the highlights from Q3:
Buckle (NYSE:BKE): Q3 GAAP EPS of $0.53 beats by $0.10.
Revenue of $224.12M (+4.2% Y/Y) beats by $6.34M.
Buckle reported a comparable sales...
Let's leave the Oil Futures Behind.
Because this is a Clothing, Shoe and Accessory Store company listed in the Consumer Services Industry
And here the idea is based in Technical Analysis only, and the simplicity of my analysis.
First look the major support in the 14.00 level (Red Arrows) then go to the now and look how the price, did an aggressive rally and...
