Sep. 16 at 2:44 PM
$ABAT Yesterday price action and late day push higher was accompanied by a decent increase in volume (confirming the move higher as price should follow volume) This should have gotten the Shorts nervous as I stated yesterday. For the Bears that ignored this, the positive action this morning and significant spike in volume should propel them that the Short trade is off and time to cover. Short Squeezes make resistance levels nearly insignificant. Additionally, Bullish money flow along with multiple other bullish short term indicators should equate to nice gains for the Longs. Unless the Fed majorly disappoints, (which I dont think will happen) it appears the path of least resistance is for higher prices.
