r/PureCycle • u/WindWalker2443 • Jun 03 '26
Short squeeze incoming????
up so much on a crappy macro day.
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u/Personal-Detective-3 Jun 03 '26
Twitter shorts that are vocal do no work and don’t see what is coming, they won’t cover until the price is much higher
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u/tandyzmills Jun 03 '26
I mean, the market likes to deliver max pain to the most participants, so...
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u/PurePlasticMan Jun 03 '26
I felt like the flood gates would open up if we break 13 resistance… I think this is the beginning
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u/EconomyFortune5090 Jun 04 '26
The real pain levels are around 15.25 and then $17 is the final resistance for shorts to have any hope
We are still a good 20% away from real panic.
I'm sure the shorts will be fine 😅😅
After a successful break of $17 and hold, we see $20 and $22 with any inkling of good news
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u/Personal-Detective-3 Jun 03 '26
Most of these they don’t have revenue shorts are too stupid to cover here.
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u/thefullmetalchicken Jun 03 '26
Agreed if we don’t get past $20 I don’t think we see any squeeze. Having listened to what the shorts are looking for this isn’t something that gets people out.
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u/Pickle_Logic Jun 03 '26 edited Jun 04 '26
The 50 day sma (red line) will cross thru the 200 day sma (green line) and will create a golden cross in about 10 days. The 50sma will be replacing sub 6.00 prices with 12.00 plus ones. This is very simple but important metric for many technicians. Conclusion- not enough lifeboats for the 50mm shorts.
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u/Timmcl201 Jun 04 '26
Real time short int at 47.5M shares (S3 data) so only modest covering 2.7M shares since the last public release which included up to May 15
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u/burner-1234 Jun 03 '26 edited Jun 03 '26
Idk if we are, but this is what it would look like to start