XELA is testing key support for a possible bounce. Volume looks decent. This is the level to bounce from if it's going to do it.
RSI , MACD vs channel divergency , double bottom ... Seems like a step before trend reversal .
The asset gained great bullish momentum on the load zone and has the potential for a swing.
Got a solid investment from B Riley, plenty of cash to move forward. Market cap of $230M, annual revenues of $1.3B, seems undervalued here. Trying a $2 1/21/22 call at $0.15.
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...
All indicators point to a breakout. The company signed multiple new clients. Possible short-squeeze is also in play.
I've been following XELA recently as it approaches the point of a falling wedge. The point of the wedge seems to converge along an area of resistance. There is also a so-so Butterfly Pattern with the D-leg ending at the same point (though I'm not well versed in harmonics) and RSI about to cross south of 30. Could XELA be poised for a turnaround?...
Possible here, but with earnings upcoming little risky to play the technical set up, would be more for earnings speculation.
There could be a possible runup tomorrow out of the pendant. Just need the volume to push it to the upside.
This is a complete formation of DESENDING BULL FLAG WEDGE PATTERN THAT WILL BREAK OUT ON THE UPSIDE AS SOON AS FIRST WEEK OF OCT 2021. The pattern confirms at least 2 but 3 is ideal with Higher Highs touching the resistance and 2 lowers lows touching the support line to confirm this bull pattern! CONFIRMATION COMPLETE; WE HAVE A BULLISH PATTERN! GET IN WHILE YOU...
Market is very weak right now, looking for opportunities if we see a shift in funds from big tech to small cap opportunities. Most of these have some bullish divergence, also solid cash position for most as well. $ADTX Thesis: -$36M Market Cap -Recent $11M funding -Potential catalyst in additional news on acquisition of a bio-tech company that is commercializing...
XELA - SEP 21 technically we might see a bounce from here. TP1 = 2.3 TP2 = 2.5 - 2.7 TP3 = 3.00 +
Just taking a deeper dive at the overall existing count for Xela. Looking at the daily timeframe we bottomed out at 2.13 for a wave 2/5/5 on the daily chart. Since then we started a wave 1 and should finish wave 2 on the 1 hr chart thus starting our wave 3 of 3/3/5/5. 5 waves on a smaller time frame complete 1 wave on the larger timeframe. All still valid per...
Exela Technologies Inc (NASDAQ:XELA) Volume has lightened up and the price is holding up nicely above the major short-term rising EMAs. This looks like the spot where the bulls will begin to make their move. From a technical standpoint, the stock may be ready to break out of this potential bullish flag consolidation while MACD is also starting to move higher. Only...
Cleaned up the count for Xela based upon volume and other factors on the chart, the count leans more bullish then bearish and I do expect the price to sky rocket soon. Trading sideways currently, based upon previous volume should imply a large move ahead of us in combination with the current Elliott wave count :) Let me know what you think!
Waiting for more volume, overall this stock looks hot to me, keep it on your watchlist and tell me what is your opinion on comments
Finishing 2/1/3/5/5 for Xela. Check previous posts for other counts :)