Jul. 7 at 9:48 PM
$VG The Algorithm "Backtest" tomorrow. They will likely try to pull the price back to
$11.30 or
$11.40 early in the session to check for buying liquidity.
Short sellers who were comfortably pinning the stock under
$11.00 for the last two weeks are now officially losing money on their positions.
The Goal: A move toward
$12.00 will likely force automated short-covering, adding extra mechanical buying power.
Expect the micro-algos to create some noisy, red-to-green intraday chop tomorrow to test the conviction of new buyers. But as long as the stock maintains a daily close above the old
$11.30–
$11.40 ceiling, the technical momentum has officially shifted from defense to Offense. Let the chart breathe through the morning noise; the path of least resistance is finally pointing back upward.
