GREY:XEBEQ - Post by User
Post by
tamaracktopon Jul 21, 2021 4:15am
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Post# 33580122
Double bottom at 3.76
Double bottom at 3.76A successful test of the bottom at $3.76 would require a greater than 10% rally off that bottom to confirm it. A 10% rally off Monday's $3.76 low would take us to $4.136. Yesterday the stock closed at $4.13. Futures right now are firming up nicely. Looks to me that all systems are go. Obviously I could be completely wrong, mine is just one of many opinions, but that's how I call it. The market climbs a wall of worry. The market peaks when everyone is euphoric. I don't see an overwhelming abundance of euphoria here. I don't think Xebec reached its intermediate high when. It traded at $11.55 in February. Remember when TD initiated coverage with a $4.60 target in October 2020? Four months later, their 3rd target revision was to $17.50. Forget the analysts and just hold on to this stock. There are very exciting times ahead. For a long way ahead.