Post by
Danno13 on Jan 24, 2023 10:02am
Breakout
That's the breakout with conviction I was waiting for!
Comment by
Moemoney42 on Jan 24, 2023 10:12am
Agreed with a nice punch of volume to set it off too..!! ;-) The volume is just as important as the price move to me.. now if the shorts get squeezed, all the better..! ;-)
Comment by
Moemoney42 on Jan 24, 2023 10:14am
No real resistance levels until ~$2.80 area... ;-)
Comment by
tamaracktop on Jan 24, 2023 11:26am
Just had a look, and you're right. Nothing too serious, but there is some resistance around the $2.80 level dating back to October 2021. My own personal ultra-short-term technical target becomes $2.55-$2.80(ish), unless of course there's news, in which case all bets are off. My technical target assumes no news. This is a textbook breakout after a textbook consolidation.
Comment by
Moemoney42 on Jan 24, 2023 12:47pm
Agreed that $2.80 resistance level had very low volume.. EXRO could trade right through that level with one or two day's trading, the way the volume has picked up lately..