Post by
tamaracktop on Dec 08, 2021 12:40pm
Notice
Notice how Xebec sold off to the day low at the open on virtually no volume?
Less than 50,000 shares.
Then it rallied from $2.52 to $2.72 on 220,000 shares in an hour and a half.
Now, during the lunchtime-lull, it's faded to $2.67 on a few hundred shares per trade
I expect we'll see another burst of volume that takes the stock over $2.72.
If so, this will be a sure sign of accumulation, or short covering, or both.
Yesterday didn't scare the shorts at all.
Volume was inconsequential.
Today will be different.
If the stock closes above $2.77, that will require volume, and if that happens, it will represent a 10% upside reversal off the day low, coming from a year-low 2 days ago.
I think it will.
If it does, the shorts will start to feel discomfort going into the close.
I'm looking forward to it.
Comment by
catchascatchcan on Dec 08, 2021 1:21pm
If your four ifs come to pass, then think what you think you can expect to happen can be expected
Comment by
tamaracktop on Dec 08, 2021 1:30pm
A somewhat snide remark. You'll notice I ended my post by saying "I think it will". In other words, I predict it will. Rightly or wrongly, I never had qualms about stating my position clearly, unlike some here. I do it whenever I feel like it, as is my prerogative. At least I have the chesticles to say what I think. I think this is an easy close above $2.77.