Exro Technologies Inc T.EXRO

Looking forward

[filoux004]

Looking forward to Nostradamus Moving average analysis. Long EXRO but we are going south. Go Heat Go

[tamaracktop]

Here it is, in a nutshell.  Friday trading put the 21-day moving average at $2.229, a full two cents BELOW the issue price.  Two cents below where the underwriters were recently able to place 15.5 million shares after a filing a prospectus.  A prospectus that I disclosed absolutely everything about the company, wa

[tamaracktop]

What's changed.  At the company level, nothing has changed.  In the market, psychology has changed.  The moving averages have been dropping for some time now. They're somewhat of a self-fulfilling prophecy.  Why buy a stock that's going down? The stock is oversold. Friday's volume shows increasing interest at these prices.  The stock is oversold

[tamaracktop]

Right or wrong, that's my personal opinion of anyway.  That's what these boards are for. 

[tamaracktop]

Nice rally today. Out of the blue.  It didn't even start till mid-afternoon.  The stock closed less than $0.08 from the 21-day MA. The narrowest closing deficit since the financing was announced. 

[tamaracktop]

June 10th.  Right on the low at $2.02 Up 10% in nine days. It's a start.

[nedstar71]

Purely because of the coverage initiated yesterday.  Didn't hold.  You posting and patting yourself on the back always lead to weakness.  You must be cursed.  Now stfu.

[tamaracktop]

Uncharacteristically bad call on your part filoux. Your post I quoted there was from June 9th. Right on the low at $2.02 It's always darkest before the dawn. The stock is now well above the 21, 50, and 200-day moving averages. Support at $2.25 held yesterday.  "Resistance once broken becomes support" This stock is going much higher.