First, let me tell you that I rarely trade stocks under $5, much less $1. Also, you need to understand that many of these shorted stocks are shorted for a reason. Most stocks on our Short Squeeze ChartList drift lower and lower and lower. Wolfspeed (WOLF) is on our Short Squeeze ChartList and, according to the Wall Street Journal, WOLF is preparing to file for
bankruptcy within weeks. So you do need to understand the risks involved in taking long positions on heavily-shorted stocks. Getting back to OCGN, though, you can see that the stock made a slight breakout on Tuesday and did so with volume creeping up above the 50-day SMA of volume. That's a start, but if you really want to see a short squeeze explosion, volume will likely need to jump by 4x, 5x, or even higher, to support a potential squeeze. Since the recent mid-March
bottom, OCGN has seen its AD line rise, as well as its relative strength vs. its biotech peers ($DJUSBT). The next couple days will be very interesting, but volume will be key. I'd want to see a MASSIVE jump in volume to accompany a further rise in price.
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