XL 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.
Agreed. I think we've re-established the $20 support and are likely heading for a breakout. The $30 PT (and likely more analysts initiating this week) will push shorts out and hopefully get us back near the highs.