Exro Technologies Inc T.EXRO

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

Industrials

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

Exro Technologies Inc > Analysts Ratings Summary FYI

<< Previous

Bullboard Posts

Next >>

Comment by tamaracktopon Jul 14, 2023 11:03am

117 Views

Post# 35541197

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Analysts Ratings Summary FYI

tamaracktop wrote: Excellent.

I didn't much believe in technicals either when I first became a broker at RBC back when the Earth was still cooling.

At first I used to wonder "what are all these people doing staring at all these stupid charts?"

A few years of it changed that opinion in a big way.

Leon Tuey was a frequent guest on BNN at the time.

He was a big technician at RBC that mentored me to some extent.

Anyway, there's a well-known expression amongst technicians that it something of a Mantra.

"Resistance, once broken, becomes support"

The last time this stock closed above $2.25 was May 17th, two days after the financing was announced.

The stock has never closed above $2.25 since then, until today.

Any true technician will tell you that $2.25 is now a support level closing basis.

There are a lot of technicians.

These are people that have great influence.

If this is true, and my preamble is definitely true, then there are many influential players who will see the downside henceforth as being very limited vs the upside.

Today had a big effect on the market's perception of this stock's risk/reward parameters.