Feb. 25 at 1:50 PM
$IKT This creates a wave of "Secondary Buyers"—people who missed the first move and are now desperate to get in before the
$2.11 breakout happens.
3. Short Sellers are "Trapped"
With 8.84 million shares short, there is a massive amount of forced buying power waiting in the wings.
If the price hits
$2.11, the short sellers aren't just "choosing" to buy; they are forced to buy to stop their losses.
This creates a "Buying Vacuum." When the shorts start covering, they compete with the regular buyers, causing the price to "verticalize."
4. Technical "Magnetic" Effect
In technical analysis, once a stock proves it can "base" (which IKT did yesterday at
$1.90-
$2.00), the
$2.11 high acts like a magnet.
Traders see that "Yesterday's High" as the finish line for the first leg of the race. Once we cross it, the "Air Pocket" between
$2.11 and
$2.50 is usually very thin, meaning the price can move up with very little effort
