Mar. 2 at 8:56 PM
$KNRX According to the 1-second chart's granularity, the YTD VWAP was
$2.52 at the end of February 19th. It is currently at
$2.44, representing a ~3% decline. On the other hand, the price on the screen dropped by ~60% over a week. Such a discrepancy is unprecedented in this stock's history and may be a rare case in the market. With just ~6% of the volume of Feb 19, they have caused a drop through low-volume trades since then, driving the price below the YTD VWAP-3SD. Some may try to create the impression that there is a genuine exit. However, it is not volume-driven, and it is extraordinary that the visible price is 60% lower, while the YTD VWAP is only 3% lower. With the borrowing fee continuously above 300% for the last 6 days, all these may indicate or have laid the groundwork for a notable squeeze, perhaps stronger than the one observed in
$BATL and
$STAK, having setups that share many similarities, such as their previous weeks' prices lower than VWAPs and high CTBs. (not advice)
