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BOASS (Big Brother of all Short Squeezes)
Medical History:
Based on Fibonacci levels expect a return to high 200s. Also expect some profit taking at that point. I am not expecting a return to low 100s, and although I wouldn't rule it out, R/R is favorable for long positions. Regardless of earnings details there will be volatility, and if a retracement occurs those who have been on the sidelines are likely going to take this opportunity to jump on the bandwagon.
Lab Investigations:
-Fibonacci levels
-Wyckoff accumulation model
-Decreasing Volume and MACD divergence
Diagnosis:
Squeeze
Management Plan:
Buy the dip
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Based on Fibonacci levels expect a return to high 200s. Also expect some profit taking at that point. I am not expecting a return to low 100s, and although I wouldn't rule it out, R/R is favorable for long positions. Regardless of earnings details there will be volatility, and if a retracement occurs those who have been on the sidelines are likely going to take this opportunity to jump on the bandwagon.
Lab Investigations:
-Fibonacci levels
-Wyckoff accumulation model
-Decreasing Volume and MACD divergence
Diagnosis:
Squeeze
Management Plan:
Buy the dip
Don't forget to like & subscribe!
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