FormerXBC Inc XEBEQ

Major technical case to be made here

[tamaracktop]

Any true technical analyst would buy this stock right here, right now. Yesterday we closed tangential to the lower trendline off the March 23rd Covid low close at $1.99. ( the only close below $2 after repeated days well below it, incidentally). Not only that, the post-Covid, pre-issue high close was exactly $4.30, just over 2 months after the low, and 3 days before the issue was announced on June 4th. Yesterday we closed one cent above the high close in that period. One cent. Some people use charts exclusively to predict stock price moves, some use fundamentals, with no belief in technical analysis whatsoever. I don't belong in either of these camps, and don't focus on one method exclusively while completely disregarding the other. Those in the technical camp would probably tell you that it's not likely we'll see a trade in negative territory today, and if we do, it won't be very negative and it won't be for very long.