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When short sellers have to cover their positions, the price of Emulant is likely to squeeze. Despite failing to surpass the 35 cent mark last time, the price is now testing a critical area. We will analyze where shorts need to cover and anticipate a squeeze and reversal for Munn, which is currently down 10 percent. We previously discussed a potential squeeze for Emulant around the 14th of the month, leading to profit-taking at 35 cents and nearly reaching 44 cents. However, the price failed to hold above 35 cents, closing below resistance. Stay tuned for updates on price action.
