FormerXBC Inc XEBEQ

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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.

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FormerXBC Inc > If this holds, next stop is 1.78

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Comment by Ciaoon Mar 30, 2022 5:03pm

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Post# 34560616

RE:If this holds, next stop is 1.78

Why not just draw an upward channel on the chart with those 3 data points, then see that it's now already a broken channel pattern and no longer relevant (broken after the days of consolidation around $1.70) and we now have a breakout on fundamental news which has been supported by high volume. A new pattern will be formed.

ZouZS3 wrote: IMO this is mainly due to non-material news in the eyes of the market. This trend should keep going until the next material news, PT upgrades. and shorting activity.

1.74 to 1.50 (down 14%)
1.89 to 1.57 (down 17%)
2.05 to 1.69 (down 17%)

1.50 to 1.89 (up 26%)
1.57 to 2.05 (up 24%)
1.69 to 2.14 (up 27%)

Then, from 2.14 to 1.78 (down approx 17%)