ALLR
Potential trade setup:
Short interest:
According to fintel it has 360% short interest however that is likely untrue (but don't fade what other people see, retail may see that number and foam at the mouth) as other sources like finviz and market beat state 4-7%.
Open gaps:
No open gaps within extended hours. However, during normal trading hours during the 15min timeframe there is a small gap at $0.75 and a larger gap at $0.35-0.45.
TA:
There is a chance we are already at the bottom at $0.1950 (2.618 downward extension from the last peak from $1.15-3.45), but from looking at previous squeezes there is about a 25% downward shakeout to the bottom. 25% from $0.1950 is about $0.1450.
Levels:
Entry - $0.1580
Above a psychological $0.15
TP 1 (Take Profit) - $0.275-0.32
Around 0.236 fib of estimated bottom $0.15-3.45
TP 2 - $0.46-0.52
Around GP (Golden Pocket) 0.35-0.382 fib of estimated bottom $0.15-3.45
TP 3 - $0.62-0.76
Around 0.5 fib of estimated bottom $0.15-3.45
SL - $0.1070-0.1220
Below or around fib extensions from prior peaks in the $0.50 region
Potential trade setup:
Short interest:
According to fintel it has 360% short interest however that is likely untrue (but don't fade what other people see, retail may see that number and foam at the mouth) as other sources like finviz and market beat state 4-7%.
Open gaps:
No open gaps within extended hours. However, during normal trading hours during the 15min timeframe there is a small gap at $0.75 and a larger gap at $0.35-0.45.
TA:
There is a chance we are already at the bottom at $0.1950 (2.618 downward extension from the last peak from $1.15-3.45), but from looking at previous squeezes there is about a 25% downward shakeout to the bottom. 25% from $0.1950 is about $0.1450.
Levels:
Entry - $0.1580
Above a psychological $0.15
TP 1 (Take Profit) - $0.275-0.32
Around 0.236 fib of estimated bottom $0.15-3.45
TP 2 - $0.46-0.52
Around GP (Golden Pocket) 0.35-0.382 fib of estimated bottom $0.15-3.45
TP 3 - $0.62-0.76
Around 0.5 fib of estimated bottom $0.15-3.45
SL - $0.1070-0.1220
Below or around fib extensions from prior peaks in the $0.50 region