AIP "Con" indeed. A conference held to con retail investors into catching a falling knife.
Seems like a fake breakout above $80. $80 becoming a strong resistance line here, lower high is seen, resistance lowered from $90 last time to $80 now. The price will shoot past $80, looking around $84, especially with AIP Con event as stimulant on 13th March 2025. Then the bear market continues with price likely to fall back to $63-$70 range. Beware of the dead cat bounce, cash is king, this is a chance to exit before tanking. Historically, in all three AIP Con in 2024, the stock price fell on the day after.
Short position on 13th March.
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