Aug. 25 at 8:52 PM
$IFRX I'd rate the situation:
Factor
Assessment
Short interest
🟢 Very favorable
Days to cover
🟢 Very favorable
Today's volume
🟢 Very favorable
Today's price action
🟢 Very favorable
New fundamental news today
🟡 Not apparent
Evidence shorts are covering
🟡 Not confirmed yet
Overall squeeze potential
7.5/10
The levels I'd watch tomorrow
$2.40–
$2.50: First important test. If IFRX can push through this area on increasing volume, I would become considerably more bullish on a squeeze.
$2.75: Very important. A move toward the old
$2.95 52-week high could force substantially more attention from momentum traders and potentially shorts. �
Finviz
$2.95–
$3.00: This is the big one. A clean break above
$3 could change the character of the trade.
If it breaks
$3 with very heavy volume, I'd start looking at
$4–
$5 as realistic squeeze targets, rather than assuming
$3 is the ceiling.
