Posted September 1, 2021
Daily Chart – Despite dropping to 4.59 yesterday following its bankruptcy announcements, SQBG jumped to 9.47 in today’s regular session. The numbers favored this bounce, as there are only 1.66M outstanding shares, and yesterday’s volume was absorbed by buyers. Add likely high short interest piling on yesterday, and you get a modest squeeze today. Bankruptcy takes time, and with nearly 50 million in volume today, it is likely a follow up surge is coming (today’s close was 7.86 and after-hours trade is currently around 7.40). Potential resistance levels are noted.
Posted July 18, 2021
4-hour chart with support/resistance trendlines, current price points and some date projections.
Posted July 6, 2021
This 30-minute chart shows a nice consolidation setup ahead of continuation. Just completed impulse wave 4. Now in extension wave 5, with 1.618 coming in at $41.05.
Posted July 2, 2021