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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

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

GREY:XEBEQ - Post Discussion

FormerXBC Inc > Recap
View:
Post by tamaracktop on Mar 31, 2022 4:27pm

Recap

A very respectable showing in an otherwise uncooperative market.

Highest close since January 13th.

Higher lows every day this week.

Today's volume will bring the 10-day moving average higher still from 1,338,500 shs.

Turned back from $2.28 2 days in a row, but probably not significant given today's market.

Who cares?  It's being accumulated.

Short-covering is likely contributing to strength but they're far from done.

Going higher still. This rally is completely intact.

LOI news looms large.
Comment by tamaracktop on Apr 04, 2022 9:58am
I posted that last Friday, after the close. I wasn't particularly concerned, but I was wondering if, after being turned back two days in a row at $2.28, there might be a wall of supply at $2.30. I thought that people might be pennying the stock, putting sell orders in at $2.28 and $2.29. Today's open at $2.31 proved that isn't the case. There's no wall at $2.30 at all.
Comment by tamaracktop on Apr 04, 2022 10:00am
Ha! I'm a slow typer. The stock was at $2.26 when I started that post.
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