Apr. 23 at 8:12 PM
$GRPN - GREAT DAY!!! Here we go!
“With roughly 53% of the float sold short, the recent gap-fill pullback into the prior breakout zone, followed by a constructive hold and reversal attempt on building volume, creates the conditions for a potential short squeeze rather than a standard mean-reversion bounce. If price can sustain above the reclaimed resistance-turned-support area and press back through near-term highs, heavily crowded short positioning may become a source of incremental demand as covering accelerates, amplifying upside momentum. Risk should be defined against that reclaimed level or the low of the retest, as a decisive failure back below would invalidate the squeeze thesis and argue for stepping aside or reducing exposure.”
