$KRTX Will Retrace, Use Fibonacci To Cover$KRTX exploded up the charts on Monday rising 442%. This was clearly a short squeeze and we told our followers as such. After squeezing the shorts, $KRTX is out with an offering and raising money like all biotechs do on a big run. Now, it's the bagholders turn to get screwed over.
Karuna Therapeutics, Inc., a clinical-stage biopharmaceutical company, primarily focuses on developing novel therapies to address disabling neuropsychiatric conditions characterized by significant unmet medical needs. The company’s lead product candidate is KarXT, an oral modulator that is in Phase II clinical trial for the treatment of acute psychosis in patients with schizophrenia, as well as in Phase Ib clinical trial for the treatment of central nervous system disorders, such as cognitive and negative symptoms, Alzheimer’s, and pain. It also focuses on developing other muscarinic-targeted drug candidates. Karuna Pharmaceuticals, Inc. has a license agreement with Eli Lilly and Company; and patent license agreement with PureTech Health LLC. The company was formerly known as Karuna Pharmaceuticals, Inc. and changed its name to Karuna Therapeutics, Inc. in March 2019. Karuna Therapeutics, Inc. was founded in 2009 and is headquartered in Boston, Massachusetts. Karuna Therapeutics, Inc. operates as a subsidiary of PureTech Health plc.
As always, use protective stops and trade with caution.
Good luck to all!
Shortsqueeze
Machine Learning - Algos trying fractal Cup and handle patternsYou can clearly see the difference in terms of relative strength. The market is easy manipulable ... the algos in pattern recognition are squeezing shorts by creating and following previous patterns that are in "vogue" (Inverted IH&S), sort of bullish flag that are in fact a hidden handle in a Cup and Handle pattern and so forth.
Pay attention to the manipulators, do the opposite of your initial thoughts and see if the algos will squeeze by trying new (old) patterns out ....
The market then indeed went back to 5878 after it bounced back from the current low of the day (need to check smaller time frames)
Tesla Cup and Handle Formation setup for Breakout tomorrow!Tesla has formed a nice Big Cup and Handle formation after a Blowout earnings and surprise Profit, while reaffirming its guidance. The Company just announced it will unveil its the Highly Anticipated Cyber Truck in 2 weeks and rumored to start deliveries of its Model 3 out of its Shanghai Gigafactory on Monday Way ahead of schedule. Short interest is massive and they started to squeeze but have pushed the stock down into this Cup and Handle formation. A crazy bullish setup in the MOST SHORTED stock. S&P also just upgraded its Debt from negative to positive yesterday. Tomorrow will be huge and shorts are pressed on friday. Elon Hates them so he is sure to help inflict pain, and has set the stock up with an announcement every week this month to ensure they get squeezed out. Get long.
THE 10K QUESTIONWe are all watching price action, we are all shouting 20K hoping this will move the charts by hope alone. Many traders are looking to make up for the losses from 2017 maybe you bought in at 18K and thought the fudd about 30K Bitcoin was a no brainer....and then reality set in. 2018 was a BLOODY year many people exited the market and will probably never return. we have seen BTC as low ar 3200 dollars in 2019 and in a few weeks, we surpassed the 10K mark, lets pause for a minute. The good news is an investor bought at 3K and in a few weeks tripled their investment, the bad news is the inverse is also true! Now we see BTC shooting up from 7K to the covenant 10k in about 2 days, we can thank China for that one. Looking at the chart I laid out BTC is struggling to break the 10K ceiling (which is good news) volume is down and selling pressure preventing BTC for rallying. This Short squeeze is over and it's my belief that BTC will test the 10k mark any time between now in mid-NOV. I do believe it will break the 10K either in Dec or the first part of 2020 the market is going through a consolidation period and will rally in time. This is not without concern any lessonS to take from 2017 is BTC will nose dive, shake off the weak hands and rally to the moon in a matter of a few weeks. Let's trade carefully and remember Crypto is a highly volatile market and 9500 is not a lot to pay for BTC when it reaches 18K but it's unsettling if BTC goes back to 3K. Take some profits at 10K (thank me later) and set an exit point if BTC takes a downward trend.
BTC bear trap in makingBTC is showing absorption signs at a high timeframe support level.
Agressive sellers getting too comfortable.
Late shorters getting trapped and likely to get punished soon with a move to the upside.
Targeting the 9000 area.
Break and close above 8264 will be the confirmation for the anticipated move.
$TCEL record breaking squeeze can happen here
TCEL $TCEL LOOK AT THE TAPE its not dumping its pure manipulation by a group trying to load cheapies and market makers holding it down. FINRA CUSIP change causes all short positions all naked short positions all positions in general to be closed and accounted for as the TCEL shares will never be traded again the new ticker symbol uses new stock. so if they do not close out then they automatically close so they have been doing everything they can to prevent this from running. my theory is the market makers naked shorted the whole float past year and from the last pop as a reverse split was announced the figured this stock would be dead so they opened positions at .0002-.0003 range they were not expecting a press release to cancel RS and they def were not expecting 400+m .0003’s to get bought in less than 3 minutes and pps ti jump in minutes from .0003-.0006 i would estimate the market makers are in the hole $1.6m thats after subtracting the covering and daytrading trying to get money back. basically any trader would be stupid to sell in this situation if everybody that bought that first day and held this would be at a penny right now. if you look at the tape it says it all. you can clearly see the blatant manipulation market makers are doing and on TCEL its ugly NITE MAXM CSTI GTSM OLMN OTCX are all working together doing coordinated dumps you can see on the tape ever since july 14 there has been coordinated signals disguised as cross trades 37,500 etc to signal to sell down this right here is a major SEC violation. so combined with big groups trying to load up cheap for the run and MM’s trying to push pps down it looks as if its dumps but its not....over half the float is locked up by traders that know whats going on. if nasdaq traders get whiff of whats going on here and they come in and make MM cover their naked shorts we will have a squeeze that will be very memorable. at $0.002 MM will be in the hole $3.6m
$0.008 $14m
$0.01 $17m
thats counting in them day trading it the best they can to cover
all this needs is big money or nasdaq boys to come in n push hard and fast catch the mm offguard same way 3-4-5’s were took someone needs to come in n clear .001’s with one huge slap then clear .002’s with huge slaps n this baby will then be in squeeze mode
ADVAXIS Bullish Stock Chart (ADXS)A few days ago ADXS spiked to 60 cents premarket. But it closed at 44 cents. Now it's presently oversold and looking to bounce back to the resistance levels. The Enterprise Value to EBITDA is 0.55 so I think 50 cents is a realistic target to get to. Buying anywhere below 36 cents is a great deal as it's the first and least difficult resistance level to break.
High-risk, high-reward drug catalyst play on ASRTAssertio therapeutics is slated to get an FDA ruling on its new drug application for cosyntropin depot by October 19. If the FDA approves the drug, the stock could move up significantly. Assertio has an 8.9/10 Equity StarMine Summary Score and is rated extremely undervalued by S&P Capital IQ. Despite relatively good earnings last quarter, the stock price is down due to a stock offering after the earnings report. Assertio also has a lot of exposure to litigation or regulation around opioids, because its most successful drug is an opiate. A new drug approval could shake the stock out of its lethargy and give it a really nice boost. Short interest in the stock is reasonably high, at 15% of float, which could contribute to a short squeeze. Of course, failure to get approval would send the stock tumbling.
US 30 Possible Bullish Scenario: Rosy PerfectionLast time we had Cup & Handle in Jun/Jul the market roared up 2k pips. Now we got a monster consolidation in August, with a perfect Cup formation; the countertrend Handle should follow shortly, as an EW 5-wave minor impulse is concluding now, in the right wall of the Cup. Another 2k pips from this level would target Dow price over 29K. SPX could push over 3200.
Expect ATH on Friday or Monday, with weakness leading into the FOMC and after the decision. Trump says now he will consider 'interim trade deal' with China; if they can get a handshake on a partial solution in October we are gonna see a mammoth explosive exuberance into the New Year. If the Fed also plays Dovey and we get a happy meal, we'll have a Perfect Rosy Scenario in which put holders and call short-sellers get creamed.
I offer this alternative hypothesis to the corrective structure I published earlier. IMO it could get really, really Bullish this fall, look out shorters!
This is definitely NOT investment advice; just a short-squeeze nightmare. Trade at your own risk; GLTA!
Bullish SharkLeap is looking to make another leap. Harmonic shark patterns leave more room for volatility trades and make for high reward scenario's when traded correctly.
As of today (09-04-2019), 84,220 of the 261,828 shares traded where short. This is equivalent to a sizable 32.17% short percent.
The technical's are now aligning with some key dates with a potential short squeeze on its way (assuming good data).
$LPTX is trading at the lower end of the long-term trading range.
Bullish harmonic shark pattern, look for profit taking and/ or chances to add at the 382 and 50 retracement levels to ride up to the top of the range.
Not only does this trade have massive upside potential for a swing trade, it is also showing confluence with Fibonacci time-cycles, fib-retracement and trend.
Tip of the day: Learning how to be disciplined is vital to trading volatility. Follow our trading team for ideas on how to stay more disciplined in biotech.
Disclosure: I have no position in LPTX. I may buy or sell in the next 72 hours. This is not a note to but or sell. Please do your homework before investing.
Interesting bullish engulfing candle on weeklyEarnings this past week and surely smoked the short on gap up after earnings. Probably the biggest short squeeze of the week. I don't have a position yet, but will be stalking it around the 54.13 pivot. Up on massive volume too, probably continue higher Mon/Tue and then looking to buy the dip.
Guardion Health Sciences (GHSI) Swing tradeGHSI has recently peaked at $3.05 and showing signs (again) of a reversal. Volume has been steadily increasing. Not a lot of sellers below $1.80 so a good opportunity for a decent swing trade
$ALK is set to rally, bear trapped by good ER move.1. $ALK for the last few weeks was getting ready to breakout above long term resistance line. However, unknown result was keeping stock under the resistance line. Indicators however was showing more and more strength.
2. Stock currently above all MA's , 9,21, 50 100 and 200.
3. Right before earnings we had "golden cross" of 50 SMA crossing 200 SMA. $ALK rallied on that signal but was attacked the next day by shorts betting on fear before ER.
4. Now, as many institutions will re-balance their portfolios into the end of the month and move money into new positions we will see upgrades and higher prices for this solid stock.
5. Day before ER short volume was 60%. Now they have to get out and the only way out, to push it higher because is they do not cover, money inflow will force them out at higher prices. Cut your loss guys and move on.
GHSI Chart - Potential Reversal/BreakoutMy previous charts failed so this is my last attempt to chart this stock. This chart is a little more conservative. Target is $1.80 - $2.00
Overstock $OSTK May Be The Next Hyper-Shorted Stock to Blast-OffDISCLAIMER: I am not an Overstock bull. I don't believe in the future of Overstock.com or tZero, however this is a potential trade setup based on market conditions
1) On Friday, Dillards had an outsided 20% run on no news, but suspected that it was a short squeeze given the stock's 45% short float
2) Monday (yesterday) Lannett $LCI had also a large outsized run (up 40%) on no news but traders suspecting the 74% short float as the cause
3) Now speculation is which is the NEXT high-short-float stock to go. I would put $OSTK at the top of that list, with other candidates as $HIIQ, $HEAR, $PETS
Make sure you visit behindthebid.com for everything you need for your premarket at a glance and other trading ideas.
Adjusted Chart for Guardion Health Sciences Inc (GHSI)I think we will make it to $2.40-$2.50 as I don't see many sellers below $2.00
Your Favorite Bear ReportVolume Oscillation - paradigm shift on the belief. The attitude is gone. The Bull is in question and the traders are in waiting. Everyone is either looking for a deal to take this thing higher or they're looking for confirmation to get the hell out. We've dipped in volume to levels not seen since the start of the rally.
RSI - Doesn't matter. Relative strength is uh.. No one cares.If price propagates around current levels for some time, the index could normalize and that'll give us relative room to go higher. If we do see a drop, the index will bottom out more suddenly and give us a new consolidation level fairly close to the current price. We're not going back down to $7,000 overnight. We'll likely test 10,500 and even 8,800 on the way down.
There's really nothing else to make of the patterns other than we're clearly consolidating to make a decision from there. From what I've seen, you have got to be cautious on the way down. Short positions notoriously get knocked out when bitcoin gets to these longer termed consolidations. It'll throw up $500 increase on you before simmering back down to confirm an appropriate time to short. Don't just look for the price to leave the 'wedge' beneath the bottom portion of the triangle. Look for some volume and distance away from the dogpile.
LONG TRADE CONFIRMED - TESLA Ready to rocket towards See my post below. I had activated 10 hours ago a trade. We are already up 7%+ since.
The stock had finally closed above the 50 day MA at 227 yesterday. Today it used the 50 day MA as resistance. The news about above expectation deliveries will push it to at least 270 and maybe beyond.
The key fundamentals are still active as per previous post! The key driver of the 50% drop in the share price was driven by demand issues. However, the 95k deliveries today shown that this is not an issue. Furthermore, China GIGAFactory will push the business case even further.
Note that there is currently a short interest of OVER 30%+!!!!! Approximately 5-10% of those are currently under-water. I expect a lot of them to close, which will push the stock towards the margin / stop-losses of the remaining shorts.
Let's see exciting times!
