Look at action on chart as candle rather than line
I've been doing this lately with the shorts around. You can tell they got their backs broken about 11:30 am. with a big trade. Heavy buying in the afternoon stopped them from bringing it lower. Later in the day they tried to drop it down little by little, but whenever it got around 1.89 someone would step in with a buy. Think the candle chart shows the story. Glad someone was around to finally give the shorts a bad day.
Excellent assessment. Stocks like this with small floats, thin volume and recent big gains end up on the radar of many short news letters. hence the periodic short raid is expected. we held up well but they will try again next week.
The molecule is significantly derisked with the recent positive Phase III, I think the majority of shorts have stuck their heads in the sand and ignored this fact. they have fixated on the charts and don't understand the fundamental value creation.
we wait for the next piece of news to drive us much higher!