no. that's not right. the resistence line is super clear, but the support you Just made up. dare some more orizontal between 37-39-40. much better however, Just bounced at support.
if you were short you would buy when is down to 39-40 has they did with the cap ampliation. no way go down 39 , and High chances to close above 47... if HFs would have covered or soldi already that would e unlikely, but we are not there yet. One cannot have a squeeze without a Red candle.... HOLD !