Jun. 1 at 11:38 PM
$FBGL Still in the uptrend, people are stepping in still, however massive shorting and almost all of the pre funded warrant holders have yet to excersize the warrants. My take is they are waiting to see if the climb fails or not, if buyers cannot turn this back into the uptrend then the pre fundeds can short it heavy and excersize the warrants to cover creating a stagnation in price, this way they convert without a loss at these levels, and if it climbs back out then they wait till 1.23+ to cover to get money out or make profits on.
We will see, but the macd is just getting to the positive line so it will take time still 18th june to 6th July is my mark for it deciding. Could drop back down for a liquidity draw at that time frame also, will need to watch it carefully.
