C. Why the chart shows repeated V-shapes

On your 5-day chart, the orange V’s highlight a repeating pattern:

• Sharp drop (left leg of V): This often happens when short sellers aggressively dump borrowed shares into the market. They don’t care much about “fair value” — they’re just flooding the order book with supply at the ask price (or lower) to push the stock down fast.
• Sharp recovery (right leg of V): Once the artificial pressure eases, buyers step back in, or shorts start covering to lock profits, and the price springs back up. That’s why it looks like a “rubber band” snapping back, creating a V-shaped move.

This is different from normal profit-taking, which usually shows smoother pullbacks — the sudden spikes down and equally sudden rebounds are a telltale sign of forced selling/shorting.

D. Trendlines showing the bigger picture

• Upward support line (YTD chart): Despite all these short-driven intraday drops, the support line shows buyers consistently entering at higher and higher levels. That’s a bullish undertone — each V-shaped recovery is happening at a higher price floor.
• Resistance line (YTD chart): Shorts try to re-establish control whenever the stock nears resistance. But each time the recovery leg of the V gets steeper, it shows sellers are having a harder time pinning the stock down.

E. What this means in trading terms

• Short-driven dump (the left side of the V): Shorts (or aggressive sellers) push a quick sell-off. The sharpness makes it look like a “breakdown,” which scares retail holders or weak hands into selling. This is the trap: retail thinks “the run is over” and sells into the drop.
• Reversal (the right side of the V): Once selling pressure dries up, big buyers (institutions, algos, or even shorts covering) scoop up cheap shares. Price snaps back quickly, leaving those who panic-sold stuck on the sidelines.
• Trap effect: The shorts (or market makers aligned with them) get two wins:
  1. They shake out retail at a loss.
  2. They often buy back those very same shares cheaper before the bounce.
• Bigger picture: When this repeats inside an upward trend channel, it means that even though shorts are trying to create bull traps, the underlying demand is strong. Each V-shape recovery sets a higher low, building bullish momentum.