Good Morning!
I read thousands of charts a year, but don’t recall one with quite the math that Pacific Green Technologies Inc. (PGTK) has on display.
The company is doing big things to clean up China’s filthy air, and it’s clear that storyline is all it takes to move this needle FOUR digits:
I checked the data and that 1040% move over the last 4 months doesn’t seem to be any kind of glitch. It’s just how PGTK has started “evolving.”
MACD has raised the roof, strongly above zero and leading the signal line even higher into the bull zone. RSI is strong but not overbought.
Turnover isn’t HUGE yet but it’s nice to see the move from $0.25 beyond $2.80 accompanied by a healthy upturn in overall juice on this trade.
Yeah, daily volume started spiking back in November. Even after PGTK prices soared 10X, overall “skin” in the game has risen too!
That tells me PGTK is still supporting MORE action on a dollar basis than it was back in November. This party isn’t over: it’s ACCELERATING!
And of course, while PGTK still doesn’t move every single day, when it moves the average leap has been high enough to trigger our attention.
That 1040% trend up there was built on 30% morning surges -- as usual, that’s just the AVERAGE, there’s plenty of 75% to 150% action here.
The math isn’t hard: roughly 100 trading days since PGTK exploded off that $0.25 base, bracket the mornings when the bulls rest. Typically two digits!
Naturally moves like that rarely just stop dead. I’m actually thinking this one could trend even HIGHER.
All we need is this one to continue the current trend to bank some big returns!
So what kind of business drives a FOUR-digit surge? The PGTK story starts with the worldwide rights to a bunch of emission control systems.
And they’re immediately focused on bringing those systems to China’s filthy power plants and furnaces.
Dirty secret: no matter how cheap coal and other fossil fuels get, they still spew sulphur and other “greenhouse gas” into the sky.
China has wrecked its atmosphere and made the people miserable, but now they’re trying real hard to clean things up.
That means scrubbing the power plant exhaust. It means emissions control, like what PGTK does. (Listen to the CEO)
When PGTK connected the dots by revealing its plans for China, the four-digit run started. Coincidence?
All I know for sure is that the timing was interesting. And that chart takes “interesting” to a whole new level. Watch PGTK today: and for the next few days !
Sincerely,
Michael Reef
yourstockguy@gmail.com
