GREY:XEBEQ - Post by User
Comment by
Resilience19on Oct 25, 2020 3:52pm
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Post# 31778830
RE:RE:RE:RE:time check
RE:RE:RE:RE:time checkShortly after XBC announce Q3 results date the SP will rapidly hit $6. Last year this was announced 3 Nov, which this year would be Tuesday of next week. Afterwards just sit back as watch the SP progress nicely to $7.50 end-Nov before taking a December breather (perhaps pulling back 10-15%). 14 Oct:
Resilience19 wrote: My take is that there's a bit of profit taking going on along with some unease at lack of news. Short term, I could see the sp momentarily retouch sub-$5 (i.e. $4.95ish) over the coming days. HOWEVER, expect management to announce the Q3 results date next week, at which point the sp will start treading back up again, almost relentlessly, until end-Nov, to reach $7.50. My honest guess but confident enough. GLTA
tamaracktop wrote: Not enough history here to show obvious technical support, but a theoretical support would be at a 50% retracement from the high ( $5.62 ) to the old high ($5). $5.32. Right here. Given that the line of least resistance is obviously up, the probability is high the stock will make a stand here, and very possibly reverse.