Thursday’s Pick: Eco-Tek Group Inc (ETEK)
I found a potentially explosive play for tomorrow.
A bounce in Eco-Tek Group Inc (ETEK) is anticipated after today’s pullback.
One person’s loss is another person’s gain. We’ve held off on this alert until now because we wanted to give you the best risk/reward setup possible.
And the "weak hands" that sold ETEK today
at a substantial discount to its recent trading price have given us the
chance to buy at a much lower price than just a couple days ago.
Now that ETEK is trading just above long term support levels, we feel the time to act is now.
ETEK is trading just above long
term support of $0.20. We think this is an excellent opportunity for a
low risk entry to participate in upside swings.
And for some perspective, ETEK has
a 52 week low of $0.15, just a few pennies from where we are now. While
its 52 week high is $0.95. Low risk, high reward is what it is all
To be clear, I’m not suggesting a massive run towards it one year highs will occur tomorrow – but in May & June this year, ETEK moved from $0.20 to almost $0.50 in just a few weeks.
And in April ETEK made an even more impressive move from around $0.15 to $0.50.
So as we can see, it has a history of making very big, short term moves higher.
Now let’s take a closer look at ETEK, the Company.
The market for eco-friendly products is
burgeoning and the companies that are leading the way have a distinct
competitive advantage over its competitors.
ETEK is a
pioneering green technology company with a strong history of producing
and marketing environmentally friendly products, all with the goal of
becoming a leader in fossil fuel reduction.
Based in Toronto, Ontario ETEK is publicly listed on the reputable OTCQB exchange, that specializes in the development and marketing of
innovative and cost effective green lubrication and filtration products.
ETEK‘s products are the result of ongoing research and development
by experienced chemists and engineers with extensive knowledge in the science
of lubrication and related studies, and have a wide range of applications in the transportation, marine and industrial sectors.
The Company sells direct to businesses for fleet application and to consumers through retail outlets.
mission is to produce products that will provide for a cleaner
environment, reduce fuel and oil consumption, reduce maintenance,
preserve engines and equipment, and ultimately increase the resale value
of customers vehicles.
ETEK is dedicated to the design and
formulation of cutting edge products with the goal of reducing fossil fuel
consumption while improving both quality and performance.
The Company has also announced some significant news recently.
Just yesterday, they
announced their new ByPass 24 program. This service offers the best of
their technologies, and will save customers up to $70 per month on oil
change, all while enhancing the customer’s vehicle engine reliability,
reducing fuel costs and reducing carbon emissions.
The company has already received 11 orders in the past month (valued at $33k) after releasing results of their lab trials.
We think ETEK is
an exciting green tech company that is producing products that are in
demand NOW. Based on its technical’s, we think this is a opportune
time for those looking to buy, given the strong support and favorable
I’ll touch base tomorrow with further updates. Until then, please do your research and plan for the trading day ahead.
Click Below to Join Our Social Media Networks
————————————————————————————- DISCLAIMER —————————————————————————————
Never invest in any stock featured on our site or emails unless you can afford
to lose your entire investment.
Full disclaimer can be read at
Pennystockgeneral.com employees are not registered as an Investment Adviser in
any jurisdiction whatsoever.
The disclaimer is to be read and fully understood before using our site, or
joining our email list.
None of the materials or advertisements herein constitute offers or
solicitations to purchase or sell securities of the companies profiled herein
and any decision to invest in any such company or other financial decisions
should not be made based upon the information provide herein. Instead pennystockgeneral.com strongly urges
you conduct a complete and independent investigation of the respective
companies and consideration of all pertinent risks. Pennystockgeneral.com does not offer such advice or analysis, and pennystockgeneral.com further urges
you to consult your own independent tax, business, financial and investment
advisors. Investing in micro-cap and growth securities is highly speculative
and carries and extremely high degree of risk. It is possible that an
investor’s investment may be lost or impaired due to the speculative nature of
the companies profiled.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals, assumptions or
future events or performance are not statements of historical fact may be
"forward looking statements". Forward looking statements are based on
expectations, estimates, and projections at the time the statements are made
that involve a number of risks and uncertainties which could cause actual
results or events to differ materially from those presently anticipated.
Forward looking statements in this action may be identified through use of
words such as "projects", "foresee", "expects",
"will", "anticipates", "estimates",
"believes", "understands", or that by statements indicating
certain actions "may", "could", or "might" occur.
Understand there is no guarantee past performance will be indicative of future
In preparing this publication, pennystockgeneral.com
has relied upon information supplied by its customers, and press releases which
it believes to be reliable; however, such reliability cannot be guaranteed.
Investors should not rely on the information contained in this website. Rather,
investors should use the information contained in this website as a starting
point for doing additional independent research on the featured companies. The
advertisements in this website are believed to be reliable, however, pennystockgeneral.com and its owners,
affiliates, subsidiaries, officers, directors, representatives and agents
disclaim any liability as to the completeness or accuracy of the information
contained in any advertisement and for any omissions of materials facts from
such advertisement. Pennystockgeneral.com
is not responsible for any claims made by the companies advertised herein.
receive compensation and its employees and affiliates may own stock that they
have purchased in the open market either prior, during, or after the release of
the companies profile which is an inherent conflict of interest in pennystockgeneral.com statements and
opinions and such statements and opinions cannot be considered independent. Pennystockgeneral.com and its
management may benefit from any increase in the share price of the profiled
companies and hold the right to sell the shares bought at any given time
including shortly after the release of the companies profile. PSG has been compensated up to two thousand dollars for this one day profile of ETEK by MicroCap Innovations.
may on occasion accept compensation in free-trading shares for it’s marketing
services of the company being profiled, and the third party that might have
may hold free-trading shares of the company being profiled and could very well
be selling shares of the companies stock at the same time the profile is being
disseminated to potential investors; this should be viewed as a definite
conflict of interest and as such, the reader should take this into
consideration. If Pennystockgeneral.com
ever accepts compensation in the form of free trading shares of the company
being profiled and decides to sell these shares into the public market at any
time before, during, or after the release of the companies profile our
disclaimer will be updated accordingly reflecting the current position of those
free trading shares received as compensation for our services.
/* Style Definitions */
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-fareast-font-family:"Times New Roman";
mso-bidi-font-family:"Times New Roman";