【Original Seller Only】How Ange's Image Appears from the Perspective of the Seller
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Anges (4563) had more than 16.9 million short positions on margin at one point, but they have been reduced to 16.2 million shares, though the level remains high.
Unless there is a major change in fundamentals, we expect it will be difficult to close above the 750–850 resistance zone on a closing basis.
From the perspective of short sellers, the trading range has become clearer, so there is an image of aiming for a contrarian short near the upper end of the range. Even if there is an upside breakout, the presence of selling due to short interest may cause them to place average-up orders around the upper bound again.
If it breaks above this point, it seems likely that losses will be cut.
<If it breaks above the range>
<If it breaks below the range>
For more details on the analysis, please watch the video in the section above.
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