Expecting an upcoming short squeeze on Riley

16 Eyl 2024

After Riley hit its lows at 4.57 by end last month I have been monitoring its uptrend and short interest.

Currently this is stock has a short interest of 76.6% indicating another push up soon for this stock.

ENTRY point: 5.70

First target 9.62

You can trade this as a short term swing trade or keep this as a long term investment!

I will keep updating this trade as we go!

18 Eki 2024

Not

This one has tested my patience a bit, but as of last week this has been pumping! Profit target is not reached yet, and it is seeing some difficulties on the weekly, but daily still very bullish! Still aiming for this 9.62 but this one seems to take a more moderate steady up move. We still also got a huge gap to fill and with Riley finally settling its financial difficulties and earnings on the way within 6 days I will keep this one for now!

28 Şub

İşlem aktif

Trade is still active, havent been updating much but i have been averaging down through the dips, finally the Oaktree deal was announced and FINALLY they will be presenting their future plans on Monday. For the past 2 days it has been banging to on the door for a breakthrough and I am sure once the plans are announced in which Oaktree has faith this will sqeeze up hard, once we break though previous high I foresee a very bright future for this stock! Sometimes patience is key and I am pretty sure this will pay off next Monday! Good luck all and thanks for following this trade!