GREY:XEBEQ - Post by User
Comment by
ZouZS3on Nov 26, 2022 7:17pm
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Post# 35131220
RE:RE:Will this be viewed as a successful test? I don't know
RE:RE:Will this be viewed as a successful test? I don't know
10 days later, xebec filed for CCAA. Never heard back from him since. Hope he's doing well.
September 19, 2022 - 12:17 PM
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Post# 34971357
Winston1 wrote: I agree, the volume is extremely high, it's now time for the swing upwards.
tamaracktop wrote: When Xebec traded at .57 on August 12th, it reversed on big volume and went on to rally to $1.00 very quickly.
I confess I was 100% wrong in feeling convinced that the low was in.
Now, despite my wildest dreams, the stock has come all the way back down and in fact
traded at yet another new low only a month later.
I posted on Friday that the trading that day had all the hallmarks of capitulation.
The low today was only 2 cents below the low set over a month ago.
If this stock closes ten or fifteen percent higher today, as unlikely as that seems, and if it does it on big volume, it will very likely be seen by technicians as a successful retest.
A fleeting intraday penetration of the low over a month ago by 2 cents isn't an egregious violation that will do any serious damqge.
A strong close on big volume would have the exact opposite effect.
.59 right now on 473,000 shares.
I'm actually optimistic, but I doubt I have much company.