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WallStreetPennies 1/26/2015 Alert: Blue Sphere Corp. (OTCQB) BLSP
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(OTCQB) BLSP / Flag, Pennant (Continuation)
Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.
- Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.
- Flagpole: The flagpole is the distance from the first resistance or support break to the high or low of the flag/pennant. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. A line extending up from this break to the high of the flag/pennant forms the flagpole.
- Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction highs and lows, the price action just needs to be contained within two parallel trend lines.
- Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.
- Duration: Flags and pennants are short-term patterns that can last from 1 to 12 weeks. There is some debate on the timeframe and some consider 8 weeks to be pushing the limits for a reliable pattern. Ideally, these patterns will form between 1 and 4 weeks. Once a flag becomes more than 12 weeks old, it would be classified as a rectangle. A pennant more than 12 weeks old would turn into a symmetrical triangle. The reliability of patterns that fall between 8 and 12 weeks is debatable.
- Break: For a bullish flag or pennant, a break above resistance signals that the previous advance has resumed. For a bearish flag or pennant, a break below support signals that the previous decline has resumed.
- Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. An expansion of volume on the resistance (support) break lends credence to the validity of the formation and the likelihood of continuation.
- Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.
BLSP / Flag, Pennant (Continuation) Continue Reading...
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Welcome To Blue Sphere Corp. (OTCQB) BLSP
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Bluesphere (OTCQB: BLSP) is a project integrator in the renewable energy production and waste to energy markets. Bluesphere aspires to become a key player in these global markets, working with enterprises with renewable energy, waste to energy and related by-product potential to generate renewable energy, soil amendments and other by-products.
(OTCQB) BLSP | What We Do
- We setup, own and manage the project, i.e. BOO (Build-Own-Operate)
- We sign a PPA (Power Purchase Agreement) with an electricity company or other off-taker.
- We choose the best technology available and sign an EPC (Engineering Procurement Construction) agreement for a turnkey commissioning of the project.
- We sign supply agreements with feedstock suppliers.
- We provide financing, debt and equity.
- We choose a site in an area where feedstock is easily available and where electricity grid connection is nearby.
- We apply and receive all regulatory permits to erect the plant and process the waste.
Bluesphere believes that these markets have tremendous potential insofar as there is an endless supply of waste that can be used to generate power and valuable by-products. Not only is there an endless supply of waste, but in most, if not all cases, disposing of such waste in most parts of the world today is a costly problem that requires an environmentally-damaging solution, such as landfilling. Bluesphere offers a cost-effective, environmentally-safe alt.
Blue Sphere (OTCBB: BLSP) develops, manages and owns waste-to-energy projects, thereby solving two major global problems:
- Abundant supply of electricity to meet energy shortage – Blue Sphere generates electricity from biogas derived from organic waste, signing long-term PPAs (Power Purchase Agreements) with leading electric companies prior to initiating the projects.
- Converting waste into clean renewable energy reduces ecological damage – Preventing environmental problems, Blue Sphere produces clean energy by eliminating waste and by converting the harmful biogas methane (CH4) into carbon dioxide.
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(OTCQB) BLSP | Recent Developments
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Bluesphere Corp Technology Division Announces Founders Agreement for Lithium-Ion Fast Charge Technology
EVEN YEHUDA, ISRAEL--(Marketwired - Jan 15, 2015) - Bluesphere Corp. (OTCBB: BLSP) (the "Company" or "Bluesphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today that its technology division has signed a founders agreement establishing the ownership rights of the "fast charge battery" technology. Bluesphere has been focusing on energy and technology and after exhaustive research is pleased to form this strategic alliance with Nanyang Technological University and the technology inventor Prof. Chen Xiaodong.
Bluesphere CEO Shlomi Palas stated that "the long-term focus of Bluesphere includes our Technology division. We have been working on this division from the very beginning as we felt that energy and technology were two major markets to participate in.
Bluesphere technology has been reviewing and completing due diligence on what we believe is a market changer, that being the technology for a fast charge lithium Ion battery. The lithium-ion battery is a staple in major sectors of daily technology people use every day and there are 3 major dissatisfactions in the consumer market with the lithium-ion battery, those are:
- 1. Safety
- 2. Charging
- 3. Lifecycle
The founders agreement can be found for review at blspqb.com
Bluesphere is in the business of generating electricity from biogas derived from organic waste, which is mostly food waste, and selling this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached 6 billion in 2012 and will reach 29 billion by 2022.
For further infor please contact Mark Radom at blspqb.com or goto info @bluespherecorporate.com
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(OTCQB) BLSP | Recent Headlines
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- BLUE SPHERE CORP. FinancialsEDGAR Online Financials(Sat, Jan 17)
- Bluesphere Corp Technology Division Announces Founders Agreement for Lithium-Ion Fast Charge TechnologyMarketwired(Thu, Jan 15)
- BLUE SPHERE CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and ExhibitsEDGAR Online(Wed, Jan 14)
- BLUE SPHERE CORP. Files SEC form 10-K, Annual ReportEDGAR Online(Tue, Jan 13)
- Bluesphere Corp. Technology Division Announces Lithium-Ion Fast Charge Technology AcquisitionMarketwired(Mon, Dec 1)
- BLUE SPHERE CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and ExhibitsEDGAR Online(Wed, Nov 5)
- MoneyTV with Donald Baillargeon, 9/19PR Newswire(Fri, Sep 19)
- Bluesphere Signs Letter of Intent to Acquire 7 Waste-to-Energy Facilities in ItalyPR Newswire(Mon, Sep 15)
- Bluesphere Signs Memorandum of Understanding with ESC an Israeli State-Owned Company for a 5 MW Biogas Project in IsraelPR Newswire(Wed, Sep 10)
- BLUE SPHERE CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial ObliEDGAR Online(Tue, Sep 2)
- MoneyTV with Donald Baillargeon, 8/22PR Newswire(Fri, Aug 22)
- Bluesphere to Convert Methane Gas Emissions From Landfills into Clean Energy(8/20)
- BLUE SPHERE CORP. Files SEC form 10-Q, Quarterly Report EDGAR Online(Aug 19)
- Biogas Opportunities Road Map Report from U.S. Government Points to Huge Opportunity for Bluesphere in U.S. Market PR Newswire (Thu, Aug 7)
- MoneyTV with Donald Baillargeon, 7/11PR Newswire(Fri, Jul 11)
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WallStreetPennies 1/26/2015 Alert: Blue Sphere Corp. (OTCQB) BLSP
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