Can XELA break levels of resistance set back in 2019? It has the volume, the sentiment and the technicals (i.e. short interest) to move higher prior to earnings.
Xela is steadily moving through a historical level of resistance with strong volume. XELA is highly shorted, attracting traders playing it for the short squeeze. As long as people are buying, especially when the stock is in single digits, XELA has the ability to fly past the current level of resistance and quickly revisit 5.00 and higher.
Keep an eye on volume and ride the wave to what can be a phenomenal run.