SVU Supervalu Daily Chart Falling Wedges Positive Divergence

SVU shows a blue falling wedge and red falling wedge with positive divergence (green lines) which is a recipe for a launch in price. SVU is a heavily shorted stock making this an extremely dangerous play. The idea is that the positive divergence and falling wedges will launch price, then as the massive short positions have to run for cover, this will provide additional rocket fuel. It all sounds good, but we will see in a few days time. Keystone's 80/20 rule says price typically moves from 8's to 2's or 2's to 8's. Thus, once 6.2 was lost, the 5.8's are in play. Keystone started buying yesterday. Projection is a bounce from these levels; 5.75-5.95. Very high risk trade. Is Supervalu a super value, or, super failure? This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.