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Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Comment by tamaracktopon Feb 13, 2023 12:31pm
104 Views
Post# 35283244

RE:RE:If in Sue we trust...

RE:RE:If in Sue we trust...
tamaracktop wrote:
NoRetire wrote: Why are we down here?  Opportunity?  I thought so and grabbed 1000 more


That's the spirit! 

Exactly the right modus operandi for this stock, in moderation.

This has been a "buy on weakness" stock for well over four months now. 

Ever since the low.

Look at a chart, and count the higher lows and higher highs since mid September. 

There are lots of them.

Every time this stock makes a new high there are reams of people kicking themselves thinking " Damn! I knew I should have bought more when it sold off."

Forget the Area chart, look at the OHLC chart.

The open-high-low-close chart.

Each vertical line shows the stock's range that day. 

The little horizontal line on the left side of the vertical line shows where the stock opened. 

The one on the right shows where it closed.

A look at the OHLC  chart shows that the uplegs in this stock have usually begun with upside reversals on volume. 

In fact, the latest upleg began on January 17th, when the stock reversed from its low at $1.80 to close at its high at $2.13.

I pointed out that reversal at mid-day that very day when I posted this:

"The stock is hanging in nicely at $1.93, only three cents off its high of the day after an 8% reversal off the low on 254,000 shares at 12:40 pm, already better than the 30-day average volume of 229,000.

I'd bet it doesn't trade much more than 40k shares in the next hour-and-a-half over the lunchtime lull, but a resurgence of volume towards the close similar to what we saw in the first hour could still take this nicely higher on the day.


Very possibly setting up for the next upleg."

I'm sure some people dismiss my opinions as being biased because I'm unashamedly bullish on Exro, but I do try to remain objective and reasonable in my assessments.

I truly believe the next upleg will surprise everyone, will come out of nowhere, and will begin with an upside reversal on volume. 

I'm not so presumptuous as to suggest that today is the day, but the volume with one hour to go doesn't rule it out 





That post was from February 6th.

There hasn't been an upside reversal, but this little move certainly qualifies as "coming out of nowhere."

Volume today is underwhelming, but there's a whole afternoon of trading left for that to change.

$2.70 now on 160,000 shares.

Personally, I think that if the volume picks up, and if the stock closes sharply higher, it will have the same effect as an intraday upside reversal.

There's serious money watching this that is fully aware of the risk of being left behind by a sudden move sharply higher.



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