At this moment, XFLS is trading above 3 key lines of potential support:
- 20-Day Simple Moving Average
- 50-Day Simple Moving Average
- 100-Day Simple Moving Average
Why is this important? When a profile trades above these 3 lines, traders may gain confidence from these levels holding as potential support for a continued vertical move.
As you can see above (chart), higher HIGHS, higher LOWS, A bull trend is identified by a series of rallies where each rally exceeds the highest point of the previous rally. The decline between rallies ends above the lowest point of the previous decline. A series of successive higher highs and higher lows.
MACD above zero line. The simplest strategy you can think of with MACD is trading when the MACD line crosses the zero line. When the MACD line crosses above zero, you buy.
RSI just broke above 50 (62.86). A movement above 50 indicates that more traders are buying the asset than selling, and are driving the price up.
BARCHART is reporting XFLS as a “STRONG BUY” based on overall technical indicators https://www.barchart.com/stocks/quotes/XFLS/overview
According to the OTC Markets, XFLS has 372M outstanding shares which 109M are restricted.
Why a low outstanding shares is that important? It’s important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
After the company has released a big press releases recently that could start generating some serious attention, this past champ could be on the verge of making another vertical surge.
Xfuels Inc. Subsidiary Cycle Energy Services Purchases Drilling Rig – Xfuels to Begin New Drilling Programs https://www.otcmarkets.com/stock/XFLS/news/story?e&id=1893267
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