FormerXBC Inc XEBEQ

RE:RE:RE:RE:at the open

[Ciao]

One would believe that with more analysts, fund managers and investors following the company (than a year ago)  the share price moves towards a more reasonable valuation for the projected growth and doesn't get too deeply discounted as it did during the COVID free fall. 

Analysts targets are still on average about $11 with TD's high of $17.50 representing 40 - 100% upside at a $8 share price. Green energy is a sector where funds from gov't for infrasrurture builds and from fund managers will flow into.

ferret_ca wrote: "if the momentum and market sentiment say it keeps sliding, then sliding it is.  "

I agree 100%  and what Powell says in the usa over today and tomorrow will probably determine what direction the market goes short to medium term. most high flyers are getting fair sized haircuts the last 2 days.

I'm looking at support levels for xbc and waiting to see if it holds around 8 ish which is what I predicted  as support in a previous post . if it breaks below this other than a quicky dip like this am, next bit of support would be 7.30 ish and below that , just below 6. I'm looking to get back in but am in no rush here, am happy to wait till next q results, which imho will most likely cause a bit of a sell off, especially if the market is in a fugly mood like now, lol

cheers ferret