If it falls off the current trendline, we have a second weaker trendline and if that fails it would certainly retouch the previous bottom to form a W pattern. Overall, I see bullish momentum. The 1088% FTD report, the short interest percentage bouncing between 17-19%, the 93% utilization, the continuous media coverage, (and more!) has the apes jacked to the tits.
Apes aren't leaving until they get phat juicy tendies 🤤🤤
(not financial advice, it's just my personal opinion based on community sentiment, data and negative media coverage the harder they bash it the more it's bullish)
Apes aren't leaving until they get phat juicy tendies 🤤🤤
(not financial advice, it's just my personal opinion based on community sentiment, data and negative media coverage the harder they bash it the more it's bullish)
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IV is also extremely low at 145-150%! This makes the option chain very attractive to new money, to big money. The stars are alligning folks.
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Seems like the second trendline held strong. We're currently at 19.5% SI , 96% utilization. I saw around 11million shares get borrowed today, that's nuts. Who in their right mind would short it with those stats. Still Bullish AF.