Long
CEI:Hot on the heel of a recent Rule of 4 Breakout, CEI broke
out again after the market close on Friday Nov 19, on news that CEI had filed the 10-K form with the SEC. This is critical as Short Seller Kerrisdale Capital wrote a scathing report a few months ago that CEI has been delinquent in SEC filing which brought the stock down from a high of $5 to its present low of around $1. Of course Kerrisdale failed to mention that CEI had been granted an extension for the filing.The interesting part is that the announcement of the filing came after hours and the price was rapidly bidded up and short sellers left out in the cold.
Note
Two days ago, RTY bottomed and CEI followed suit on Monday with a bullish Engulfing candle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.