I think, today shorts took the opportunity (red day) to buy back...

I think, today shorts took the opportunity (red day) to buy back some shares. However, low volume of trade indicate there is no many investors willing to sell their shares at that low price.

Bollinger Bands are 49.6% narrower than normal. The narrow width of the bands suggests low volatility as compared to EHL's normal range. The bands have been in this narrow range for 3 bars. This is a sign that the market may be about to initiate a new up trend.

When sellers dried out, they might burn their fingers hehehehe

NJ