MTBC-no shares to short and it tried to push on Friday but failed and it puts out fluffy PR this morning again and not enough volume traded Friday etc..these whole things led me to believe today is the day for unwind. But guess what..as long as no offering/dilution announced the thing could keep going. I bet lots of big time short biased traders must got caught on this shorting on day2, day3 thinking that it's going down and won't come back. Huge trapping action just like DRYS!!! The difference is DRYS got more volume and squeezed on Day3 whereas this one has one more trap day and do it on Day4. Slight variation but the outcome is the same. In fact this is what I consider "killer setup"!!!! the only risk is midday halt which rarely ever happen. This setup doesn't come along often but if happens the risk vs. reward is superior!!!!!!!
I guess that's how parabolic happen, lots of stuffing action happen. you see lots of sellers keep refreshing but taking out again and again...on 1-min chart it keeps making new how and each red candle gets weak and sulked up then BOOM!!!! thin up then fireworks happen!! In order to produce firework: it needs trap+no dilution+low float+volume!!!!! It's hard to long it because it's counter-intuition and logical, you think no way it can keep go go go but nope...it can always do crazy shit! I guess the bottom line is it's okay not making $ on longside but this type of setup is account killer!!! avoid it!!!!!!!!
CCCR definitely trades along MTBC!!! However it's the same mistake I been making for 3 years!!! 0 regret shorting into first cluster of pop BUT here comes the problem: when it pulls back and puts higher low I reshorted the bounce!!!! that's fucked up action!!!!!Experience tells me this is consolidation and considered the frontside and it can keep going very likely but for whatever reason I did it again!!!! This is not even a good setup. Shorting on first pop is considered 5-star setup but after it pulled and held the quality of setup deteriorated!!!!!!!!! AVOID!!!! avoid!!!!!!!
Gratefully here comes 5-star setup!!!!! the only problem was SSR is on which makes shorting difficult but could be good thing because it prevents bad players slamming the bids!! From my experience MTBC shines the light on it and caused weak retail ppl chasing it so my thesis was shorting it and the very first sign of weakness appears people will rush to get out and therefore caused big red candle which is exactly what it did!!! If keep holding, GTFO!!!!
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