$LAB Continue to stay bearish. The number of people going long has already surged to nearly 80%; the load is too heavy—there are a bunch of traders who are trapped and have been adding to their positions to chase longs. If they really want to pump the market, they first need to shake out a large portion of this batch of long positions. With such heavy sell-pressure from near-term unlocks, I think it’s hard to hold up. The 0.1 target remains unchanged—if there’s a pullback, keep shorting. Don’t pile in too much; watch your own risk management.

LAB-23.37%
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