Re: Electrovaya (TSE:EFL) Stock Price Passes Above 200-Day Moving Average of $1.00
posted on
Apr 20, 2022 05:06PM
(Edit this message through the "fast facts" section)
Hey ProsserP "Thursday Electrovaya bumped the 200 day average. This is a sign that the stock will be moving up"
Would you like to revise your observation? LOL There was an obvious head and shoulders pattern being nicely painted that I failed to heed and sell some. Now stuck again in this schitt-show low volume crapp. I thought there was a high growth battery storm upon us? Where is it? No buyers
Anonymous has dumped close to 1.3 mil shs in just last 30 days. Someone wanted out and who knows if they're finished. A few other frequent traders seem nervous too. Don't like the timing as it hints Q2 may be weak and someone knows, or took hints from the news release.
Q2 needs to hit $7-10mil if they hope to hit their 2022 guidance IMO. Raymond may be close to fullfilling their $16mil/yr obligation because the last 3 announcements have been all OEM. Hopefully that means they'll far exceed the obligation with 5 months still to go. But again, what are the EFL Sales guys doing?
What's it going to take to stop the slide and get this thing going in the right direction. More Fireside chats? Hardly.