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Exro - Going to stop trading, but has a nice setup right now. I recently switched to a tiered account from a fixed with IBKR. The fees were never the best with EXRO even on fixed account. Now, not only can I not really take advantage of ECN rebates with EXRO, since its a Canadian stock , but ECNs rates for Canuck stocks are much less favorable. So due to trading fees not being favorable , I am taking this one off the watchlist. However, as a last publication regarding EXRO , looks like a pretty nice entry here... ECN's if your wondering are electronic communication networks and they are basically stock purchase lineups that have varying perks , some pay you to remove liquidity and some pay you to add it , but used correctly you can save $$ on your trading ( if your broker caters to this service ) , or if your a larger trader and or trading a less liquid name , you can also use them to get a much faster fill and literally jump the line so to speak ( to do this you also would need Level 2 and to practice your ECN's with flashcards ect ect ) ... If your into jumping the line , probably best to trade with a fixed account , personally I like to use tiered account now because I am typically trading pretty liquid names and I can usually get fills through EDGEA/BYX for my market orders and ISLAND/BATS for my limit , which have pretty good rebates vs their peers , for me atleast ....
TSX:EXRO
by NAK1987
EXRO, LONG ( Hybrid entry ) I am in this late , I didn't really like the signal day on the 21st of march from a risk reward perspective but I decided to hop on based on yesterdays higher close . I like the reducing selling volume and the low volume up day yesterday. That hints that the current is gone for now and we can move up more with less overhead supply , at least that's what I see . Of Course that's coming from a guy that loses 60% of the time lol, but lets see how our buddy EXRO goes ...
TSX:EXROLong
by NAK1987
Double Bottom Reversal Pattern: Ready to AscendValue-Finder This chart pattern shows a double bottom formation, where the current price has hit a low point twice before rebounding. The pattern is currently at the low point of the second bottom and is indicating a potential trend reversal. This chart pattern suggests that the asset is now preparing to ascend to a target price, making it a good idea to consider a long position. This double bottom reversal pattern can be a bullish signal and may provide an opportunity for traders and investors to enter a position with a favorable risk-reward ratio. Possible Downside Our trade idea is based on a double bottom formation that is currently positioned for a bullish trend reversal. Since March 2020, the price has been following an upward trend line and has bounced off this line multiple times as it continued to serve as support. However, during March 2023, the price broke below the trend line, forming the second bottom. While we anticipate a rally, we must be prepared to face headwinds as we approach previous support that has now become resistance. As such, we recommend monitoring the price closely as it approaches the $85.44 - $87.43 area and considering exiting the trade or taking early profits. This trade idea offers a favorable risk-reward ratio and the potential for significant gains. Trade Predication TSX:TD Time frame: 17/March/23 - 17/May/23 (61 days) Trade entry: $78.62 Price Target: $85.44 - 94.15% Potential Return: 8.62% - 19.75% Expected Target: $86.27 Expected Return: 9.73% Expected Date: 19/April/23 (33 days)
TSX:TDLong
by UnknownUnicorn13690023
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