Aug. 15 at 11:00 PM
$UUUU update from my weekend deep dive!
The 8/12 poke above 15.20 failed and trapped the chasers, that part's real. But look what happened since: the floors keep stepping up, 14.03, then 14.31, then 14.70, and Friday closed 15.10 pressing right back into the rejection zone.
Sellers slapped it down once and haven't been able to follow through. That's a coil, not a top. 20% of the float is short into this. The ceiling at 15.37 is 1.8% away and it's the whole trade.
Clean close above on volume and the trapped shorts do the lifting. Another rejection and third time's the pattern, respect it. Rare earth story hasn't changed since my
$USAR pairing post. Same tide, this one's just still behind the wall.
