My prediction for XELA remains extremely bullish over the next number of years ($40+) but as for the interim, Bears seem to be set up for a little more squeezing. Look at the bright side, there's still time to buy heavily within this bottom zone, FOR CHEAP.
I expect a forthcoming jump towards $4.50. I expect a denial near $4.50. I expect true bottom to be found near $1.10-$1.20.
*A drop below $1.00 invalidates the bullish pattern which currently points to $40+.
Order cancelled
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huge misread:
technically this is a bull market but i'd rather enter near one of the bottoms.
Agreed, XELA is a long term player. Already in for the long haul! HODL! Waiting for bottom near $1.25 to accumulate more. Going to be one of my retirement holdings. LOL
DigitalSurfTrading
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@valuespotter, haha, you and me both! One last drop to lower $1.00 levels and there's no coming back..
amj79pa
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What do you say now? Has it touched the bottom?
DigitalSurfTrading
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@amj79pa, definitely not. see the updated markup under the original post. step away from the buy button.
as53179
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Hodl - looking forward to pre ER to $ 3 to $4. I follow xela closely -recent financial and operational moves look exceptional. Hugh potential revenue gains from moving up market to enterprise clients. If they use their software to transform from labor to SaaS the long term valuation can go up 10X, E.G. Service Now. Planning on selling next week and wait for 1 buy in - life changing potential IMO. It was great to see xela technical analysis. Please keep it - surely the 50000 retailers on stocktwits would appreciate.
DigitalSurfTrading
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@as53179, definitely not holding. this is coming down deep. will buy the bottoms :)
HannahN1512
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@Gumption334, hi there, it got to 1.09 today. Is it the bottom in your analysis?