Apr. 7 at 12:33 PM
$LEXX The stock is currently locked in a high-stakes battle between a technical breakout and a desperate short attack.
Technical Breakdown
• Daily Chart: We’ve cleared the 100-day SMA (
$0.81). And the 200-day SMA (
$0.88). This level, once a ceiling, is now firm support. The MACD shows a bullish expansion, while the RSI (75-80) sits in the power zone, typical of high-momentum runs.
• Weekly Chart: The long-term & V-Bottom is nearly complete. Clearing
$1.10 opens a resistance void up to
$1.50–
$1.70.
• The Squeeze: With 373k shares short and a 1.5-day cover ratio, any positive news will force a violent covering rally.
Shorts are trying to break the
$1.00 psychological floor, but the trend is firmly bullish. With the April 30th MTA deadline looming and the cap table leaner after the Bunka gift, the risk is heavily skewed to the upside.
The tape doesn’t lie 📈
$LLY $JAZZ $TEVA
