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Welcome back traders!
Well here it is... the moment we've all waited for!
Put SPOW on your radar NOW!
Alright, so here it is... clear as day!
SPOW has been marching up from a mere cent to a recent high of .059 with virtually no attention nor any noteworthy volume.
Now when I look at a chart like this, I get excited for a number of reasons.
First, the stock has just formed a textbook chart pattern known as an ascending triangle.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.
Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Return to Breakout: A basic tenet of technical analysis is that resistance turns into support and vice versa. When the horizontal resistance line of the ascending triangle is broken, it turns into support.
SPOW also closed down Friday at .045 giving us a perfect place to enter before the potential breakout.
The bottom line from a chartist perspective alone is that SPOW is set up nearly perfect for a bullish run!
Add to that the fact we are talking about a stock whose 52 week high was a staggering .75!!!
Now a rally back to .75 is less likely than getting Adriana Lima's number at your neighborhood pub... but it does show that a blue sky breakout shouldn't be stiffled quickly or easily - there is essentially no glass ceiling here.
Now SPOW, or Sky Power Solutions, Corp., is in the business of both solar energy and lithium energy, primarily for use in conjuction with zero-emission vehicles and dwellings.
SPOW has jumped to the forefront in pioneering and producing Cathode Material for the use in Lithium Ion Rechargeable batteries.
Li-ion Motors has successfully moved SPOW's nano and sub-micron materials from the laboratory to the industrial scale.
For those with a physics degree (and believe it or not I happen to lack this), SPOW's chemical structure is a hexagonal in nature and can accommodate more Lithium and more energy.
The elements and specialty transition metals have been selected specifically to make SPOW's cathode materials safe, environmentally friendly and less expensive.
Although still a development stage technology company, the next step for SPOW is seemingly a large scale commercial production stage in multiple areas.
Check ouy SPOW's chart below:
http://www.otcmarkets.com/stock/SPOW/chart
Read all SPOW's current news here:
http://www.otcmarkets.com/stock/SPOW/news
You may continue your research at
http://www.skypowersolutions.com/
and make sure SPOW stays at the top of your watchlist!
GET READY. GET EXCITED. LETS MAKE SOME $$$ FRIENDS!
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