$Ardelyx (ARDX.US)$ shorts dipping it so they can cover. as ...
$Ardelyx (ARDX.US)$ shorts dipping it so they can cover. as long as it stays above 1.45 it will recover to 1.75
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STD0313 : What is going on with CIT? Not looking to fill this gap or what?
Mcsnacks H Tupack OP STD0313 : It’s fine as long as it’s above 1.50. It will fill the gap near close then. They don’t want it to squeeze and start a run early in the day because they can’t stop it. So they hold it back until near close then let it go and let the bell keep it from running too far.
Mcsnacks H Tupack OP STD0313 : I meant 1.25. Not 1.50.
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : And the gap being the one from 1.25-1.70. That’s A big enough one so they can cover with 1.5 million shares and it not break 1.75 and gap up to 2.00.
Mcsnacks H Tupack OP STD0313 : They should start covering in 20min. Maybe 80min.
STD0313 Mcsnacks H Tupack OP : So you think they will try to clean it up before the 1430 report? Make sense
102235596 : Hey @Mcsnacks H Tupackit’s At $1.38 now means it won’t Recover to 1.75 anymore?
SugarMoon : Is the tp still 2.50? Or it's done?
alvinhill6666 : I might be wrong, but I see the shorts volume seems to have decrease quite significantly. It looks like they have both covered, and brought down the price significantly at the same time. Is 2.50 still achievable or any revised TP sir.
Mcsnacks H Tupack OP alvinhill6666 : It’s actually increased. It’s at 1.6 million with a borrow rate of 6%..It just needs to stay above 1.18 and it will uptrend again. It should open at 1.24 with a high of 1.82 and End the day at 1.78. That will leave 2 resistance points in a 7 day time frame to break at 1.93 and 2.01.
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