RE:RE:RE:Quick update on the 21-day MAnedstar71 wrote: tamaracktop wrote: tamaracktop wrote: The MA and the stock price are converging fast.
Remember this?
"The 21-day MA ended the day yesterday at $2.477
It will be down to ~ $2.46 today.
Just over 30 cents away.
Hardly insurmountable.
It will continue to drop".
The 21-day MA has now dropped from $2.5127 to $2.437 in the last 6 days.
It's converging with the stock price.
There will be a big technical boost when the stock breaks through.
It's only 21 cents away now.
March 31st or June 1st still look viable.
When the stock breaks through it to the upside,
It will take on a whole new complexion
Yesterday's close wasn't what I was hoping for, but the highest close since May 23rd and it traded well above the issue price so personally I'm happy with it.
The 21-day M/A is down to $2.33 now.
The stock came within five cents.
The stock will have to trade $2.40 or higher for a few weeks to turn the short-term averages higher again so patience is the order of the day.
The upturn draws nigh.
You are naive to think that trading in Exro is influenced by technicals as much as you post about it. The markets had the biggest point gains of this year yesterday. Exro ended up 9 cents after weakening mid-day, and is still trading below the recent financing price. Not a bad day but far from a great one either.
This will rebound, and when it does try not to pat yourself on the back too hard. It will have had little to do with moving averages or your analysis.
You're bang on nedstar. We got hammered by that financing after the company stated how healthy the balance sheet was . Confidence in management was surely shaken and, until there is meaningful news ( UL, official start up of the Calgary facility , contracts with $$ figures attached , etc. ) the share price will be range bound . As I've stated earlier, I'm giving us until year end , at the latest to get their act together . It's been years of NDA's , talk of potentials , yada yada ...