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This bullish candle for AIA is a bit hot to handle
It surged 29% in 24 hours,
with a trading volume smashing $70.3 million.
The strangest thing is the open interest skyrocketing by 74.9%,
new positions rushing in as if hitting the point.
Fee rate is 0.0381%,
continuously paying bullish premiums for 8 periods;
Retail investors are 66% long,
the carriage is already full of people.
Is this a continued short squeeze,
or a prelude to shaking out the longs?