Exro Technologies Inc T.EXRO

Technically speaking

[tamaracktop]

From a technical analyst's perspective, the chart shows a perfect short-term inverted head-and shoulders formation, with the $2.09 close on December 1st and the $2.10 close on December 31st forming the neckline.

You can see the shoulders at $1.73 on December 9th and at $1.76 on December 23rd.

The "head" is the $1.68 low-close on December 19th.

Conventional technical analysis suggests that a target can be established by measuring the distance from the neckline to the head and then adding that number to the price where the stock first breaks out above the neckline.

In this case, the distance from the neckline is $0.42. ( $2.10 - $1.68 )

The stock broke out on Friday very convincingly at $2.13 on 193% of its trailing 50-day average volume.

Technical analysis in its purest form indicates a short-term target of $2.55. ( $2.13 + $.42 )

Many people disregard technical analysis. They write it off as hocus-pocus.

I admit that when I first became a stockbroker, I was one of those people.

I thought to myself " What are all theses idiots doing running around with charts?"

The truth is that I've since come to respect the practice, and the truth is that there are so many technicians out there that, to some degree, technical analysis can become somewhat of a 
self-fulfilling prophecy.

[TheGroup]

This post has been removed in accordance with Community Policy

[Kappyo]

As well, there is far more activity on this board, for a Sunday morning than usual. 100+ reads on your post and the market isn't open...me thinks a lot of people are getting interested in this stock/company and so it begins to feed itself. As for the cash burn, Exro has been completing their manufacturing facility which will be a nonrecurring expense. Series production is slated to begin in

[TheGroup]

This post has been removed in accordance with Community Policy

[tamaracktop]

That was 10 days ago. This is today. The stock traded 300,000 shares in Toronto in  the afternoon yesterday to close at its high. A 19% upside reversal. Listen to the market.  How can you not? This is it.

[tamaracktop]

January 8th, $2.13. Just a reminder/refresher how I arrived at my own personal target. I could be absolutely wrong of course, but I don't think so, and this is low-balling it.

[Kappyo]

My personal target for when news breaks of new strategic partner is $2.90-3.00 Cad. Timeframe should be about next Tuesday-Thursday. The next good news could then take it closer to $3.75, where we spent some three months prior to the ann of the now defunct patent infringement suit. With sales being made in q-3, this will be factored in late this quarter. So maybe 5.00 Cad. By April 1st. This is my

[Kappyo]

Strong bid in the US today...people are climbing aboard!

[Flyer47]

Been here 2+ years as well, and would fully agree with you on all counts.

[Kappyo]

Is the next news or getting baked into the price, or will Exro still pop when new strategic partners are announced?any bets?

[tamaracktop]

Very good question.  Likely highly dependent on who it is. And very dependent on the nature of the business relationship.  Additional surprises may be attached to the news that could catch the market flat footed.  For example an equity arrangement with a recognized name maybe.  Like when Hydro Quebec partnered with Innegex by investing $600 million in a non-controling

[tamaracktop]

In a nutshell, believe it or not, from both a "psychological" and "mechanical" perspective, the $3.00 level is more significant than many people think. Far more so than $2 or $4. Anyway, yesterday's action not only reinforced the notion that this rally is intact, it reinforced it. The big money wasn't wasting time messing around. The big money rarely blows its load

[Gates2000000]

NO the new in not bake in the price . its just going back to the price before the lawsiut , where it should be 

[SIMPLICITI1]

I prefer to think of the Share price on its way back to where it was before that ridiculous short attack. Mr. Market is always selling and pricing based on potential. (that's why the mean PE on the S&P 500 is nearly 16)  The short report tried to tell Mr. Market there wasn't any. The lawsuit was another bump on that road.  The road is now clear. Any future stumble will be

[ddogold]

Very valid points . Great to see so many knowledgeable and grounded points of view .Things are certainly getting very exciting for Exro . Long and strong 

[PennyStockApp]

Yes snap crackle pop...my opinion only