PLAY shares printed an RSI well under 10, which is historically unprecedented. But, like a lot of stocks right now, this is a balance sheet play. The company is pricing in a strong chance of liquidation and death. Watch for a very volatile range ahead, but know that shorts are plenty and vulnerable if the squeeze heats up.
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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.