XL should reverse from this levelCurrently XL hit .61 fib level if it doesnt find buyers on this level, it should test .786 fib level and reverse.
Xlfleet
XL Fleet is ready to pop bigXL Fleet, a successful company that has been delivering EV cars for 3 years now, after a successful SPAC inception to the public market had a severe correction is ready to pop big. The pressure on the stock price was huge due to many reasons including being shorted heavily, however, the community is now getting back to the EVs and the traders noticed how undervalued $XL is. With a little bit more momentum it is expected to get a nice short squeeze on this one.
XL Updated AnalysisNote that red support line coincide with 100-day MA.
This is not an investment advice! Only for educational purposes.
Making garbage trucks quiet so we can sleep! $XLXL Fleet will be collaborating to make electric garbage trucks for Waste Management, Inc.
- if they can secure exclusive rights, it'll create such a moat that other competitors won't be able to compete.
- great unique selling proposition.
Technicals:
- BUY signal with 8 confirmations (modified golden cross, volume, FIBO retracement).
Happy Trading, from CJ -- aka the greatest FURU.
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XL Fleet may have started a reversalXL Fleet's rebounded from a nearly 62% Fibo level rather strongly while under a heavy short float of approximately 52% as of Friday the 22nd Jan 2021. After a 9.43% jump on Friday, the shorters may feel rattled, and further pushes to higher prices should generate a nice short squeeze where $XL holders may see a nice quick gain. XL FLeet has generated great numbers in the past and is expected to continue to do so. The holders are excited to see the next QE report that may play a catalyst role here. My view remains long-term bullish on $XL.
