EXRO Technologies - pennant flag breakout up / down
Updated
EXRO Technologies is very dynamically involved in EV growth offering batteries to be more efficient and offer more power using less energy, and applies to any electrical motor.
Stock has consolidated in volume and momentum, but should now be at a value price EV/MC and nearing profitability growth business phase in 2023.
Candlestick has formed solid pennant consolidation and MACD nearing a cross-over of 14/40 day period with a strong momentum consolidating for reentry and seeing an overall strong entry off todays low of $2.80.
While a pennant can break downward, I do not see this company losing long-term holder support and have been bullish on this since late 2019. While having a strong cash on hand to grow management is opening a new US research site closer to end-users and ready to accelerate commerical end-uses. Seeing mid-2023 forward for strong 10-50x growth & profitability.
EXROF
#IP #Gamechanger #EV
#RSI
#MACD14-40
#volumelowconsolidation
Stock has consolidated in volume and momentum, but should now be at a value price EV/MC and nearing profitability growth business phase in 2023.
Candlestick has formed solid pennant consolidation and MACD nearing a cross-over of 14/40 day period with a strong momentum consolidating for reentry and seeing an overall strong entry off todays low of $2.80.
While a pennant can break downward, I do not see this company losing long-term holder support and have been bullish on this since late 2019. While having a strong cash on hand to grow management is opening a new US research site closer to end-users and ready to accelerate commerical end-uses. Seeing mid-2023 forward for strong 10-50x growth & profitability.
EXROF#IP #Gamechanger #EV
#RSI
#MACD14-40
#volumelowconsolidation
Trade active
Bought the dip at $2.25, still good at $2.36. MYOD, do own DD
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