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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

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FormerXBC Inc > It's certainly well set-up

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Post by tamaracktop on Nov 05, 2020 7:54am

It's certainly well set-up

The lows of the day over the last 5 day's have been $4.80, $4.92, $5.13, $5.17, and $5.22.
You don't have to be brilliant to recognize accumulation here. Admitedly, accumulation that has been on low volume.
Quite often periods of accumulation finish with a sort of buying frenzy. The opposite of capitulation .

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Comment by tamaracktop on Nov 05, 2020 11:01pm

Now it's $4.80, $4.92, $5.13, $5.17, $5.22, and $5.37. That works. The futures are lower, but we didn't close anywhere near the highs. I don't think it will matter tomorrow, there's too much coming next week from a company that's been uncharacteristically quiet. It's very likely they have gunpowder in their pouch. A 6th day of higher lows and a new closing high tomorrow ...more

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FormerXBC Inc