(1) This stock is being shorted heavily
(2) No one is willing to buy because it really isn't at a bottom yet, the bottom is at $45 where the initial IPO price is announced
(3) Retest of low, rejection mid day, Depending on momentum and selling pressure, looking for a quick run to $75 after break of $78
(4) Past two days the short interest went from 15% to 23% and stayed, pretty big increase
(5) SL: $79
Chart Patterns

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