EKNL – Super Thin Share inventory priming for MEGA breakout for HUGE Gains
As EKNL pushes through to the the next level breakout we are already seeing how super thin share inventory is and how quickly inventory is drying up at these low price levels. This of course is a tell tale sign that shares and profits are being shifted from weak traders to long term holders eying our near term target of $2.00 per share.
We also suspect with the company’s recent announcement of their initial sales in October, they are most likely already initiating their share buy back program in the open market and soaking up any shares especially on low volume dip opportunities.
EKNL rallied with a solid GREEN close yesterday at $0.665 making the 3rd straight session where buying on any low volume pull backs pays off big.
EKNL ‘s rally towards close is definitely hinting of a MONSTER update in the hopper and ready to be unleashed by the company. We are definitely on HIGH news and contract watch which can push prices sky high.
EKNL technical chart is set up perfectly and is screaming a MAJOR bullish run in the making.
Over the 6 weeks featuring EKNL , prices has made some key levels and trigger points starting with an initial bullish run from $0.04 to $0.76, 1,800% gains and continue to hold solid to these levels for weeks.
A minor consolidation phase not only put shares is much strong hands, it added a significant level of support for our next breakout phase which is starting now!
This next phase will no doubt propel prices to all time highs and towards our near term target price of $2. We got a significant indication this week where smart and strong buyers were scooping up super cheap shares on a low volume pull back - and for 3 days straight it shows a smart move as prices continue to close green.
We were definitely loading on every and all opportunities here – these are the cues to buy and we are definitely doing so with EKNL.
With only 5.5 million active float and this number to be significantly reduced with the company share buy back program, share inventory is super thin making prices ready to soar big time. Major contracts expected from the 13th annual medical conference where EKNL met with key groups will no doubt take this over the top!
Key points that make EKNL an XTREME breakout play:
1) No dilution or insiders selling any time soon and especially at these super low prices.
2) Share buyback in effect . Definitely the goal here is to move prices up to proper valuations and big boards like Nasdaq requirements. We also got confirmation with recent announcement selecting MaloneBailey LLP, Certified Public Accounting Firm for appointment as auditors of the Company.
3) Super Low float . With only 5.5 Million active float (shares available at the DTC for trading), EKNL ‘s share inventory is drying up super fast, and this is already triggering a MAJOR BULLISH BREAKOUT. We expect this number to significantly reduce as the company begins their buy back program.
ABOUT EKO INTERNATIONAL
EKO International Corp. is a holding company focused on growth through acquisition. Each acquisition must have substantial growth potential and is expected to add assets and/or cash-flow to the consolidated financial statements of the Company. The Company is willing to examine a variety of proposed target businesses and if interested, will negotiate terms and conditions of purchase favorable to itself.
