Last August 29, 2019 I made a study on XPEL with a possible target of $19.67.
See my previous blog:
XPEL - New 78 Day High - Good Revenue, Income and Cash - De-listing at TSXV and registration with NASDAQ
XPEL made a pretty good run reaching a high of $18.05. This is just $1.62 shy from the our target.
Although I was talking of an entry at $9.00. The best possible scenario of entry was actually when the price had pierced down the 50EMA and climbed back up again. As you can see on the chart there were 3 hammers with tails touching at $9.29. Entry at this level was just perfect. But with price being supported at 50EMA, the $10.00 entry was another very good entry. With stock reaching to $18.00 from $10.00, that would have been a sweet gain of $8.00.
Probably if not because of Covid-19, this stock should have been still climbing higher and higher.
See my previous blog:
XPEL - New 78 Day High - Good Revenue, Income and Cash - De-listing at TSXV and registration with NASDAQ
XPEL made a pretty good run reaching a high of $18.05. This is just $1.62 shy from the our target.
Although I was talking of an entry at $9.00. The best possible scenario of entry was actually when the price had pierced down the 50EMA and climbed back up again. As you can see on the chart there were 3 hammers with tails touching at $9.29. Entry at this level was just perfect. But with price being supported at 50EMA, the $10.00 entry was another very good entry. With stock reaching to $18.00 from $10.00, that would have been a sweet gain of $8.00.
Probably if not because of Covid-19, this stock should have been still climbing higher and higher.
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