Q: Open interest fell by 10.52% over $AGT 24 hours while the price rose by 69.86%. What does this mean?
A: The rally appears to have been driven more by short covering, with no clear signs of new money entering the market yet. Short covering has its limits; whether the move continues depends on whether new money comes in.
A: The rally appears to have been driven more by short covering, with no clear signs of new money entering the market yet. Short covering has its limits; whether the move continues depends on whether new money comes in.