ilmscore | $DRUG Squeezes 587% and HALTS in the Recap

$DRUG Squeezes 587% and HALTS in the Recap

Published: 2024-10-15
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
After two consecutive upward halts, DRUG stock is predicted to resume around $12-$13, then spike higher due to forced short covering and additional short covering from panic market orders.
"at this point after two halts in a row going up what often happens is you get a surge higher We're going to resume let's say 12213 a share so we're going to resume quite a bit higher here so let's say we resume at 13 what'll probably happen is we'll Spike up because some people who are short right now have a margin call they already have a margin call which means their broker is looking at their account and is saying uhoh this person is in the negative we've got to buy we've got to cover so they take over their account the person whose account it is gets locked out they take over their account and they just press the buy button to cover the position so now they've got to cover it so you're going to initially have a spike most likely you'll see a continued Spike higher from some additional short covering"
DRUG
Pending
DRUG stock is predicted to reach a blowoff top, then flush back down and almost definitely experience a halt down after its series of upward halts.
"at some point there's going to be the blowoff top and then it's going to flush back down and this will almost definitely halt down after these halts up"
DRUG
Pending
The current halt for DRUG is predicted to be 15 minutes long.
"now it's going to be a 15-minute long call right"
DRUG
Pending
After DRUG resumes and goes a little lower following a halt down, there will most likely be a good bounce opportunity as dip buyers enter the market, potentially seeing a $1 to $1.50 per share bounce (e.g., from $10 to $11 or $9 to $10.50).
"I I think what'll happen is it'll resume it'll go a little lower and then you're probably going to get some dip buyers who are going to come in just because typically when you get a halt down like this and then and then it opens lower you just typically do get a little bit of a bounce so that's a setup that a lot of people are going to look for grab you know a couple thousand shares or whatever more for some people and just catch that bounce back up it could be a bounce from 10 to 11 a dollar a share could be from 9 to 1050 $150 a share but there'll be most likely a good bounce opportunity on this"
DRUG
Pending