The #1 Reason This Stock Is A Short Squeeze
The problem is that short sellers are trying to push the price of this stock downwards. Because we are in a bear market. How do we know this ? If you look at the latest chart of the sp 500 here SPX You will see that the price has crossed below the 50 EMA this is a taking profit signal. And also shows you that we are entering a potential bear market. Many people think its because of the drop in the fed funds rate which could be the cashflow investment most stocks in the market market Now look at this chart of FOX notice that the price is above the 50 EMA also notice that the price is above the 200 EMA This is also referred to as the rocket booster strategy. But the last step is the price has to rally in a trend or hit a new high Remember these 3 steps: Price is above the 50 EMA Price is above the 200 EMA Price has to rally in a trend or hit a new high As you can see on this chart the price has hit a new high but it later on dropped that is your entry point. Rocket boost this co...