$SRNE- this has been a short squeeze for the past few days as it has come up from the 1.60's and ran up to the high 3.90's. It has been taking a few days to fall. I am happy I understood that as it went side ways and bounced near the highs and held i did not take a position. this was because this is the signs of a possible short squeeze. Today it has finally cracked the 3.40 support level which brakes the long bias and strength. Even though it is down 10% now it still has a lot more downside now as it is up from the low 1.60's. there is support all throughout the high 2's so this would be a swing short for a few days until it reach the support levels of.
NO DT (Day trades left or I would be short) from 3.48's n bounce short into resisted area and weakness would cover near 3.17
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