Resistance level for EXRO TechnologiesOTC: EXROF is hitting a low resistance level and expected to hit profitability in likely Q2 2023 (~18-24 mo away) and shoot up with EV sales growth.
The recent dip occurred Aug 18-19 and has shown stable low point in volume indicating a bottom resistance and combined with MACD and RSI (14/40 day) a great entry point for this penny stock. Await Mesa, AR facility news near TSLA, RIDE, and LCID
Value stream:
* EV bikes
* EV motorcycles
* EV cars (CA 5% of auto's)
* Wind turbines
* EV 18 wheelers
* ship drives
* Solid state battery technology NYSE:QS and many others...
* any EV motor (longer lasting batteries between charges)
Earnings are making positive strides for a company heavily investing in growing its business with larger motor qualifications where growth will come from. Believe in Sue I say. While giving her last update on Aug 30 showed no effect on price, it neither retraced further (thanks Fibonacci). Await more news on new facility closer to EV car manuf. in US.
I am a long-term holder and recommend you do own evaluation and diligence to review EXRO Technologies, a CANADIAN Innovation company on TSX, CSX, and OTC. Addition to NASDAQ could be timely as future value, or ...____ exchange. Disclosure: I own a Toyota Avalon Hybrid, and await the 17+% gain EXRO products offer in EV milage between charges.
NAsdaq.com "Exro Technologies Inc is a Canadian based company commercializing patented technology designed to advance existing rotating electric machines. It is engaged in the production of electronics for electric motors and generators. The company serves car/truck, bus, generator, appliance, elevator, escalator, conveyor, ship drive, fan, pump, crane, HVAC, compressor, vacuum, train, industrial motor, wind turbine, and subway markets."
#EV #wind #SSB #GREENENERGY #renewableenergy #investgreentech #greenhvac
