XL 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...
XL 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 --...
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...
