ETEK gives us an excellent risk/reward opportunity
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Today’s Pick: Eco-Tek Group Inc (ETEK)
Traders,
I trust you’ve had a chance to read up about ETEK from my previous email. If not, make sure you spend some time this morning before the bell to take a closer look.
ETEK pulled back yesterday, closing at around $0.27, after reaching a multi-week high of $0.42 just a couple days ago. A move back to recent highs would represent a 55% gain. A move to its 200 day moving average would give traders an 89% gain.
With strong multi-week support at $0.25,
and multi-month support at $0.20, this pull back gives us a great entry opportunity, with a very low defined risk – while giving us the chance to participate in plenty of upside. ETEK is pioneering green
company that is earning revenues now. Their eco-friendly products are already in demand, and they provide significant tangible benefits for end users and the environment alike. To read more about ETEK and its products, please read the email I sent yesterday (included below for your convenience).
The opening bell is just minutes away. Let’s get ready for another profitable trading day.
PSG
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Traders,
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 about. 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.
Their
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. For more information on ETEK, visit their website at www.ecotekworldwide.com
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 risk/reward setup. I’ll touch base tomorrow with further updates. Until then, please do your research and plan for the trading day ahead. The Team
PennyStockGeneral.com
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