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Volatile Crypto Miner Forms High Tight Coiled Bull Flag

by | Aug 18, 2024

Core Scientific (CORZ) shares are curling higher and very coiled in a narrow recent range near 10. Friday closed at highs up 9% and cleared the small trendline from the highs at 12.25 last month which now becomes a likely target to watch for on a breakout above 10. CORZ is a volatile name that operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services. CORZ also has an 18% short float which can accelerate any upside breakout squeeze. Dec 2025 $7 calls bought 3000x last week at $3.40 while the Dec $14 calls sold to open 20,000x so that 14 level might be an optimal target if goes there.

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