OOIL Gaining Strong Momentum from Oversold Bottom
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Traders,
Last night I introduced you to OriginOil (OOIL).
I hope you’ve had a chance to read through the information I sent you, and more importantly, read some of the press releases and watched the very cool and imformative videos (especially the Bloomberg interview where the CEO takes questions from the host and legendary investor Jim Rogers).
If not, do so with delay before the opening bell. I am sure you will be as impressed as I was.
I wanted to also touch on the technical setup of OOIL before the bell.
Take a glance at the chart I have annotated below.
 A number of bullish signals stand out.
Back in May when OOIL was in oversold territory, it proceeded to run a massive 92% in less than two weeks.
OOIL is back near these same oversold levels, and the last two days we’ve seen some aggressive buyers with a corresponding move higher.
We are not catching a falling knife here. OOIL has broken out of its descending triangle formation and this this sharp two day move gives us confidence that a new bullish pattern is forming.
You can also see that back in March and April, OOIL bounce back to its 50 day moving average (dma), and in May, OOIL did the same, only it broke through this level and tested its 200 dma.
Given the history of price moves in OOIL, we have a very short term primary target of $0.41, the 50 dma. So our base case is we think OOIL makes 10% gains from these levels.
A better result would be that OOIL breaks through the 50 dma and tests 200 dma again, perhaps breaking out past that level too. If so, 90%+ gains are on tap.
So there is some pretty strong (and convincing) technical analysis for you to go along with the OOIL story (that I’ve included below).
Now I’m not expecting this to jump 50% in minutes. OOIL is likely more of slow, but "safe" mover. But I am anticipating some very nice gains in the coming day(s).
I hope you read up some more on OOIL and jump on board with us today.
Regards
PSG
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Traders,
I am back from a very relaxing holiday week. Refreshed, recharged and ready to bank!
So without delay, I’m ready to announce a new pick that I have been researching.
I want you to read about OriginOil (OOIL) tonight and be ready to trade tomorrow.
After reading about what OOIL does I’m sure you will be just as impressed as I was.
OriginOil (OOIL) has developed a Unlike other technologies for In oil & gas, OOIL is helping to clean up frack and produce water more efficiently to reduce harm
to the environment. For the algae industry, OOIL is making large-scale harvest possible. And in aquaculture, OOIL is helping improve yields and make seafood healthier by slashing levels of toxic ammonia and bacteria. For a world short on fresh water, OOIL is the lower-cost and cleaner answer. If you missed it, the CEO of OOIL was
on Bloomberg last year (sitting right next to the legendary Jim Rogers no less) talking about their company and award winning technology. The demand for OOIL‘s
technology is very widespread and critically important for oil poor countries, such as Japan, South Korea, and Italy (to name a few) will be key markets. And check out this video
to see how the French are installing OOIL’s JV technology for local urban algae production that will be used for water purification and energy production. I’m sure you will agree that OOIL and its technologies have a LOT going for it.
But what if I told you that OOIL‘s revenues have increased 226% this past year, and increased 290% the previous year.
… And that OOIL was currently only valued at just over $9 million.
Would that peak your interest?
It has our attention, that’s for sure.
Recently OOIL has been announcing some very positive news and customer acquisitions.
A couple of weeks ago, OOIL announced
New Global Energy (NGEY) will adopt OOIL’s water cleaning and algae production technology to clean and revitalize shuttered fish farms in Southern California’s Coachella Valley. Check it out in full here. And just last week OOIL announced
that its Electro Water Separation (EWS) system will be utilized by AlgEternal Technologies as a key component of their proprietary algal production system. Read more about this story here. We think OOIL is
in the midst of some very exciting developments. Its growth could really ramp up as oil prices continue to skyrocket, and the world is looking for large scale, environmentally friendly energy production solutions. For more information on OriginOil (OOIL), please make sure you visit their website at www.originoil.com
I will touch base with you tomorrow morning and update you on any new developments or insights into OOIL. Until then, let’s look forward to an exciting trading day ahead.
The Team
PennyStockGeneral.com
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