CVM - Morning Panic & Bounce

CVM is a biotech had news on the 30 of trial underway this is a former spiker that currently has multi green days under its belt current shares short % is 12% this also sitting well above vwap which shows longs are holding over the weekend and with shorts getting paid I will be looking for a morning panic at open for a nice bounce, also observation last panic bounce was on friday and I didnt bounce until around 9:45ish so want a little let it truly panic
Entry mid 4.90s looking for a 10-20% bounce will pla
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