XL Breakout
XL is rising on falling volume and approaching the 200 day MA. Will it break out above the 200 day? And if not, how much further down does it really have to go?
I believe XL is a strong long term company in a crowded EV market. They have already posted profits and are a nice bridge between companies replacing vs retrofitting their fleets. I am long XL at $11.00 and hedged at $11 so I will be holding either way. Plus it wouldn't be bad to get a good deal on another few hundred shares.
I believe XL is a strong long term company in a crowded EV market. They have already posted profits and are a nice bridge between companies replacing vs retrofitting their fleets. I am long XL at $11.00 and hedged at $11 so I will be holding either way. Plus it wouldn't be bad to get a good deal on another few hundred shares.
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