Morning Trend | Quinstreet reduces volume and repeatedly accumulates positions, is a short squeeze reversal action about to come?
Quinstreet (QNST.US) continued to experience wide fluctuations and reduced volume during the trading session, with discussions in the community about the expectation of "short squeeze reversal" heating up, as everyone is waiting for the next collective movement to take action. The consumer advertising sector is closely related to macro liquidity, and after a long period of pressure, market speculation activity has actually increased. From the market perspective, there is a significant divergence between bulls and bears, frequently testing the key level of 13.75. Although the intraday support is weak, the intention to control the market is evident. Technical indicators MACD and KDJ are both weakly bottoming out; however, FOMO trading tends to favor this type of "extreme low-volume bottoming," just waiting for a surge in volume to create a small climax. The mainstream strategy in the community is to ambush in segments, always ready to capture any unusual movements. If there is a surge in volume that leads to a sharp rise, there may be wave funds following in that day, resulting in a rapid reversal. Conversely, if it continues to bottom out, the primary task is to observe. The short-term opportunity for a short squeeze reversal is continuously brewing, and new actions may occur in the next intraday segment!
Quinstreet (QNST.US) continued to experience wide fluctuations and reduced volume during the trading session, with discussions in the community heating up around the expectation of a "short squeeze reversal," as everyone awaits the next collective movement. The consumer advertising sector is closely related to macro liquidity, and after a prolonged period of pressure, market speculation activity has actually increased.
From the market perspective, there is a significant divergence between bulls and bears, frequently testing the key level of 13.75. Although the intraday support is weak, the intention to control the market is evident. Technical indicators MACD and KDJ are both weakly bottoming out; however, FOMO traders prefer this type of "extreme low-volume bottoming," just waiting for a surge in volume to trigger a small climax.
The mainstream strategy in the community is to ambush in segments, ready to capture any unusual movements at any time. If there is a surge in volume that leads to a sharp rise, there could be wave funds following in that day, resulting in a rapid reversal. Conversely, if it continues to bottom out, the primary task is to observe. Short-term opportunities for a short squeeze reversal are continuously brewing, and new actions may occur in the next intraday segment!
