EKNL – A very similar breakout pattern that we have seen before.
Members who was with us last year remembers very well the HUGE breakout of our 2011 trophy winner Fuse Science (DROP +83,000%). What some may not remember is the set up leading into the biggest breakout run that made history and made some of our members millionaires.
The interesting part is that EKNL is setting up exactly the same with a much smaller float, and shares are in much stronger hands – EKNL can move much faster and much higher – this is exactly why a near term target of $2 and 500%+ gains is closer than you think.
Check out DROP’s breakout chart and the set up leading to this trigger rally.
After the initial breakout run from pennies to $0.75 , longs re-positioned on minor dips that set up strong levels of support.
With key major updates, volume and price started to increase from a stable 50-120K daily volume to record trading days
Investors can clearly see the pickup in both volume and prices just prior to the key breakout trigger that rallied DROP to record level prices. Volume topped 12.2 Million shares reaching our $1.25 target price and our 83,000% MONSTER gainer was history.
EKNL is actually set up even better – with a super low active float of 5.5 million shares and most likely much less with the company’s share buyback program in effect , this set up and breakout will move much faster and much higher – making our $2 near term target close at hand.
EKNL bounced solid and close to 50% higher from it’s low of the day – EKNL is definitely on the verge of a MAJOR breakout, these bargain prices will not last.
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 reason 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 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 buyback program.
