What's up guys, it is your favorite freaking, 158 pound limp noodle, coming back again for a quick uh update on ta, because i'm on my lunch break right now and looking at the chart, we have a pretty uh significant, looking bottom out that i'm actually liking. Quite a bit - and i wanted to just take this time - to give you a couple different levels that i'm particularly watching that are significant on the chart, so we're gon na go over that. I'm gon na give you a brief update on the ortex data, because we are actually seeing an increase in the overall short interest. I want gon na go over stonco tracker, which is gon na.

Show you how many available shares there are to borrow as well as about how many call options are in the money put options in the money, et cetera, et cetera, et cetera. You can take a look at all that sort of stuff, but there has been some changes and i haven't updated this information in a while so uh, let's get into this, as you all know, blah blah blah blah blah blah blah financial advice. Do what you got to do right? The best advice that i could give to anybody is only invest what you are willing to lose. So you are comfortable if this went down to a penny and your life is better off if this goes to the freaking uh.

To the pluto land, so what we have rocking here on the short interest is a big fat nasty. Looking georgia w on decent cover. This cover, in case you do not know, is short interest divided by some sort of time frame, and in this case it is three months and the days to cover being this high is actually higher than it was back before we had the massive run up to 72 back in june - and that is, you know, significant information, because basic coverage shows you how difficult it is for shorts to get out with the current amount of liquidity, getting pushed in and out of the stock on any given day. So that's good, and on top of that, the shorts decided they wanted to get out, not just a shovel, not not even a big shovel, not even an even bigger shovel.

They decided to get out the whole goddamn forklift and dig up a 20-foot grave, because the short interest is at 17.16 percent. A borrowed change of 2.55 million shares on the day up 2.82 and, as we all know, guys right. Obviously, there are some shorts that are profitable right now we can't we can't ourselves, you got ta, look at the chart and and recognize and admit that we've been in a downtrend for a while right, but this is ammunition and it is a a step in the Right direction in terms of shorts piling into this and cycling into this, as we've seen in the past, and that does drive up that days to cover ratio making it more difficult. When momentum comes back.

First words to get out of positions in a positive, uh positive way because, as we know, we've seen it before i can almost guarantee we'll see it again. There are going to be some some stupid, silly chickens out there that get clapped on the booty cheeks. On the weiner on the nipples and they're going to come away and they're going to say, oh, you clap my booty cheeks in my winner than my nipples, and i don't feel that bad. It is what it is.

Taco tracker, quite a few shares available to borrow right: 5.7 million total. I would not be surprised if some shorts - maybe a marginal amount, as we can see here by the ortex dad looking at the live, updates, uh exited positions. Today, you have about 2.61 million uh total borrowed shares and 61 000 total return shares, not a lot right. You look at the overall volume on the day, you're looking at what appears to be about 36 million, so it is still low, but it is higher than we saw yesterday.

I wouldn't be surprised if there was some potentially very very slim amount that pushed the price action up, but the majority of what you're seeing here today is just buying pressure and having this many shares available to borrow, as you can see, by stonco tracker. It's just basically one of those like hey come on. Let's come in, come in! Why don't you short this at the absolute bottom? Why don't you short this when the rsi is as low as it's been in literally months, come on bait, bait bait? This is essentially different brokers, whether it's uh individual brokers or it's brokers meant for institutions right. This is them baiting.

They want to make some money. The the fee is super low. The the amount of shares to borrow are super high, that's dangerous waters, and i don't actually don't mind seeing that uh and then we're gon na come over here to the actual charts, a couple different things that i've seen right. I wan na show you the four hour chart.

What i see here is what i would consider to be a speed line, an ascending level of support. Now, what do i? What do i mean by this? Why is this significant? Well, if you come back here to way back in what appears to be april, you have a couple different touch points that are significant, acting as resistance, acting as resistance acting as resistance, uh acts as resistance here, and it breaks that specific level. And then, if you fast forward quite a bit of time, what you'll notice is that you've got to bounce on that specific speed line? You can see that it bounced there twice uh forming what i would like to call a pretty nice u-shape, almost like a george w, looking setup, and with that being said, if you change over to the one hour, you can also see quite a few wicks that Have rejected off of this green box, i would call this a demand zone, a demand zone, meaning this is a specific zone of price action where buyers made it a point to step in to push the price back up. Typically, you see volatility in the opposite direction.

Once you enter at the man zone and you can see that uh we've been bouncing around quite a bit today, you come to the five minute uh candles on the daily, the intraday chart, and it has been volatile right. We had a push back down a double bottom, a george w set up here, just waiting for that neckline break at about 31 33 at that level of 27. I'm not guaranteeing you that this is uh the absolute bottom, but that is a very uh sell reversal. Set up in terms of where things are sitting uh right now, so i like that, a lot right, other things to watch for i'm gon na change this back to the one hour time frame.

One hour time frame, you also have a speed limit. Another speed line, doing a downside level of resistance setup where you have sort of this, this downwards channel right, where it's just consistently sold off over and over and over again. The first speed line is gon na be right here right, it would be acting as the downside level of support and breaking that is gon na be significant. You can see that it rejected off of that level right here.

I just drew this up literally right now. So you can see how well these levels are respected and breaking that's going to bring up to the next one. So if we were to come back up and retest this you're, looking at that 31 to 31 50-ish range to come back up to what i'd consider to be the 33-34 range and back into potentially some sort of uh shop right. I'm not gon na, say bull cycle, but i'm gon na say bottom.

Maybe consolidation getting ready for potentially uh a next move to the upside, because, as we saw here right, it was pretty bearish. We had a gnarly gnarly selloff. This is drastically oversold. This is the first time that the rsi has touched 31 literally since, before it was at a dollar.

Ninety one think about that think about how oversold this is guys. This is oversold two not even to the teeth. There's got ta be teats that are bigger than teats. It's like aphrodite's teeth.

That's how oversold this is right. It's pretty gnarly, there's gon na be a bounce here. There is, i don't know if it's gon na be at the end of the day. Today, i don't know if it's gon na be heading into tomorrow, but uh.

This is a nice sign of a reversal and a nice sign of uh a pretty solid buying opportunity to be absolutely frank with you, if you're interested in doing that. So that's kind of what i got for this update. I want to give you some information. Uh, hopefully pull some value from that.

Hopefully you guys are all chilling. You enjoy the rest of your day. I got ta go to a meeting in uh in about freaking 15 minutes here. So i'm gon na i'm gon na i'm gon na go hit the hit the rack yeah catch on the next one: much lovely taps, peace,.