EWSI Daily Chart ~ Imminent Breakout to the Upside
Post# of 2559
Posted On: 01/19/2014 6:12:58 PM
EWSI Daily Chart ~ Imminent Breakout to the Upside?
As most of you know, I've been accumulating EWSI gradually over the last few weeks. It has a fantastic fundamental story, and the company is executing on all fronts. Link back to my last post on EWSI when I mentioned that the stock was holding onto the MA200. Since then, the stock has moved from the .032/.035 level to a high of .0512. The declining tops line, in place since late August, was tested on Thursday along with the MA 50 and 100. The failure to break over them and the subsequent pullback led the stock down a little but it held the support level of the previous short term tops of .0041. I'm liking EWSI for an imminent technical breakout to the upside. Once over the MA50 and 100 and past .0512, .063 is next, then .076, and the biggie of the high of .10 in late August. If you haven't checked out the DD on the EWSI board here on Investors Hangout, you are really doing yourself a big disservice. That board is full of some very bright shareholders who know their stuff. Most are looking for a sharp move to the .20 in this quarter followed by a move much higher through the rest of the year. EWSI is doing revenues nearing $15 mil for Dec 31 yearend, with some believing that $30-$50 mil in revenues could be seen this year. I'll post a Weekly Chart next. GLTA
As most of you know, I've been accumulating EWSI gradually over the last few weeks. It has a fantastic fundamental story, and the company is executing on all fronts. Link back to my last post on EWSI when I mentioned that the stock was holding onto the MA200. Since then, the stock has moved from the .032/.035 level to a high of .0512. The declining tops line, in place since late August, was tested on Thursday along with the MA 50 and 100. The failure to break over them and the subsequent pullback led the stock down a little but it held the support level of the previous short term tops of .0041. I'm liking EWSI for an imminent technical breakout to the upside. Once over the MA50 and 100 and past .0512, .063 is next, then .076, and the biggie of the high of .10 in late August. If you haven't checked out the DD on the EWSI board here on Investors Hangout, you are really doing yourself a big disservice. That board is full of some very bright shareholders who know their stuff. Most are looking for a sharp move to the .20 in this quarter followed by a move much higher through the rest of the year. EWSI is doing revenues nearing $15 mil for Dec 31 yearend, with some believing that $30-$50 mil in revenues could be seen this year. I'll post a Weekly Chart next. GLTA
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