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XL

The true test of diamond handsIt's been a long road with $XL But I'm still bullish it fills a necessary gap in the overall electrification game. There are hedge funds shorting it and releasing fake news articles to try and drive the price down, but I'm holding with diamond hands. Something tells me the hedgehogs as I like to call them are up to something; I wish there was a way to see if overall short interest in the market especially SPACs. But in summation I'm holding against the pain and in my non-financial advisor opinion I think you should too.
XLong
by TradeBroInc
XL BreakoutXL is rising on falling volume and approaching the 200 day MA. Will it break out above the 200 day? And if not, how much further down does it really have to go? I believe XL is a strong long term company in a crowded EV market. They have already posted profits and are a nice bridge between companies replacing vs retrofitting their fleets. I am long XL at $11.00 and hedged at $11 so I will be holding either way. Plus it wouldn't be bad to get a good deal on another few hundred shares.
X
by hobo4000
Electric Vehicle Frenzy. Is XL the Next Breakout?!?XL is an EV play that I have been watching for the past couple of weeks. Recent news: 6 days ago they released news on a partnership to develop all-electric and plug-in hybrid refuse trucks with Curbtender. They also were initiated with Buy rating and $30 PT at Canaccord and BTIG. This news gave XL some momentum and we gapped up 8% and tried to break out of the Daily channel. XL sold off hard and gap filled but found a bottom at $20.12 area and has started to bounce. Today we retested the Daily trend line but failed to close above. EV stocks are hot right now (check out NIO and BLNK). XL looked to have the same momentum this morning but failed to hold the gains. Volume: on the 4h chart we can see a stepwise increase in volume as we found support around $20 lvl. Today’s volume may have just been a sympathy play based on the overall EV market but keep an eye on how XL behaves the rest of this week. I am going to be watching to see if we can breakout of this Daily channel. This would set up a retest of $25. The main thing missing from XL is volume. Ideally we want to see >12M in volume. SMA’s: We have the Daily 20 SMA serving as support at the $20.18 lvl and on the 4h chart we are sitting right above the 50 & 20 SMA’s which should help hold the $20 lvl. Plan: I am currently swinging shares at $20.41 avg which I will hold with a stop loss under $18.30. If XL fails to gain momentum and breakout I will be looking for another leg down to the $18.70 area where we had the triple-bottom. If these lvls can hold I will add more shares. If volume and momentum continue into tomorrow and we can break out of the wedge pattern then I will be adding 2/19 22.5 and 3/19 22.5 calls for swings. **I will be keeping an eye on NIO NYSE:NIO /BLNK NASDAQ:BLNK to monitor EV momentum. I am currently in NIO calls as of this morning with the massive breakout. Hopefully, this can continue into tomorrow for XL. About XL: XL Fleet Corp., formerly Pivotal Investment Corporation II is a provider of vehicle electrification solutions for commercial and municipal fleets. The Company offers electric drive systems that enhances fuel economy up to 25-50% and reduce carbon dioxide emissions up to 20-33%, while enhancing fleet operations. The Company offers XLP plug-in hybrid electric and XLH hybrid electric upfit solutions. Its hybrid solutions can be installed onto many of the gasoline and diesel fleet vehicles, including pickup trucks, cargo and passenger vans, commercial vans and shuttles, box trucks and delivery vans. The Company offers its solutions for Ford, Chevrolet, GMC and Isuzu customers.
XLong
by DOpeTrades
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