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FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

FormerXBC Inc > XBC price move 16 September to 30 September
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Comment by iknowsmthingon Oct 23, 2020 10:46pm
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Post# 31775793

RE:RE:XBC price move 16 September to 30 September

RE:RE:XBC price move 16 September to 30 SeptemberTD agrees with you!!

STOCK BULL AND BEAR REPORT

Xebec Adsorption Inc forms bullish "Pennant" chart pattern
Oct 23, 2020

Trading Central has detected a "Pennant (Bullish)" chart pattern formed on Xebec Adsorption Inc (XBC:TSXV). This bullish signal indicates that the stock price may rise from the close of $5.44 to the range of $6.60 - $6.90. The pattern formed over 8 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance. 

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

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