$ASST: Red Tape, Better Tape, and the $27 Warrant Magnet
$ASST is red three days in a row and the tape underneath got better on all three. โ
vs $MSTR: -3.6% โ -2.6% โ -0.8% โ +1.4% today. The de-rating stopped.
Volume: 17.5M โ 8.3M โ lighter again.
Daily range: 3.12 โ 2.01 โ 1.52.
Distribution fading, not building. Tagged the 38.2% at 28.26 and held. โ
Bull flag until 28.26 goes. โ
And the $27 warrant strike is working both sides.๐~25.8M expire Oct 13. Holders sell into rallies to lock the spread, which caps it. Under $27 they are worthless, which floors it.
28.26 must hold
29.29 then 29.83 to flip it back
27.00-27.21 is the magnet if it slips
