XPE Charts, page-4770

Different time frame charts give different signals and these support levels are just my opinion.

Due to increasingly low volumes the reliability of intraday charts have been reduced and the daily imo is more representative of price action at the moment.

With the first break at 9c from the high of 11c, first short term support was broken and bounced close to 20 day ema at 79c. Starting a short term bounce uptrend from retrace.
The Intraday short term support of this uptrend was then broken on last Thursday's close at 9c
Secondary intraday short term support at 86 currently being tested. If this breaks will find support at 80 (20 day ema) and next would be 10% below 20 day ema at 72

Short term currently suggests down trend by first intraday support break, lower high on 14 day period and recent lower lows. Stock price needs to hold 86 to reject down trend.

Looking at the charts, consolidation period looks to be apparent with a drop off expected in stochastic oscillator and relative strength index with a test of 20 day ema expected if 86 support broken and a break in 20 day would find strong support at 72.

Yellow box and red box are the patterns that I think may play out without news to push a significant re-rate. Looking at it positively a downside of 10-20% to base is not bad considering the re-rate possibilities inferred by other posters. Registry has tightened substantially, volume has dried up so any significant injection of volume would push the price substantially assuming registry stays tight... Don't know how many people are holding this stock just for a short term trade...

For a short term trade it's become apparent that this stock is popular with sell the news traders meaning that there is a possibility that Intel so far has been largely valued into the share price movements. Without a break of 12 and support of 11c on Intel verification my opinion on that price action would be to have a close stop as its suggesting Intel involvement is largely valued into the current stock price until manufacturing quantities are taken into consideration (may be a 3 month + play?). Investment in the fundamentals of the company is another story and a re-rating on an undervalued company is a strong possibility imo.