$XL Falling Wedge Daily Breakout

2 Feb 2021

XL falling wedge on daily chart. Price has been holding at 50 MA. Potential entry is over 21.50 area.

Could be an interesting play with earnings coming up in around a month and Biden's push for clean energy and EV's.

XL Fleet offers fleet electrification solutions. Clients include: Coca-Cola, Pepsi-Co, Verizon, and FedEx.
XL works frequently with state and local governments. If the COVID relief bill provides funding to state and local governments and/or
clean energy incentives, XL could see a large increase in orders.
XL is currently developing electrification solutions for class 7-8 vehicles (semi-trucks, transit bus, trash trucks).
Entering this market would dramatically increase TAM.