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The Chart Could Tell The Story Here; Next Bull Run On The Way?

Tonight we're bringing you another early bird special on a company that we think could be positioned for strong breakout potential. In addition to that, we're looking at a company with a Low Float and sub penny PPS.

Eco Depot, Inc. (ECDP) trades at less than 0.01 and as of the annual report filed in February, the company shows an outstanding share count of less than 10m shares (9.82m). That would equate to roughly an $80k market cap. We bring this up first because historically, stocks with low market caps tend to have very low floats which can open doors for Big volatility and even Bigger potential for gains.

Tuesday's (3/22) Bottom Bounce Profile:

Eco Depot, Inc. (ECDP)

Our main focus, initially is on the technical set-up. Pull up any chart from the last 75 days and you'll see ECDP has been establishing a pretty clear level of support between 006-008. It's pretty clear to us that ECDP has been VERY quiet since last week.

In the mean time, the upper resistance levels look to be somewhere in the ballpark of 0.02. Not only is this 150% north of ECDP's closing price on Monday (3/21) but because this has such an incredibly small market cap, there's really no telling what bullish activity could do as far as market momentum is concerned, tomorrow (3/22).

One things for sure though, ECDP has managed Very Recently to pull an explosive move from these price points and head all the way to 0.0215 within a very short amount of time. Based on how quiet this has been during the last 6 trading days, we feel that anyone who was part of that run just a few short weeks ago, may have moved on Or be waiting for another breakout run.

Forbes has stated that within the next fifty years, the world population will increase by another 40 to 50 percent. This population growth -- coupled with industrialization and urbanization in developing markets like China, India and Africa -- will result in an increasing demand for water. ECDP is a manufacturer and distributor of eco friendly consumer brand products that are focused on the water industry. BEFORE the topic takes center stage?

ECDP's Wattergizzi brands are coined to be the "Bottled Water Killer". This is a multi-patented water filtration system that is small enough to fit in the palm of someone's hand. According to the company, the WaterGizzi can remove things like bacteria, heavy metals, protozoa, odors, tastes, and even viruses to yield more than 5 gallons of fresh water per filter.

Do we need to explain how serious this can be especially with how close to home this is in places like Flint, Michigan and now in many places in Texas? Just recently a report was published on CNN that revealed the awful truth that corruption and industrialization have had on many places in the US.

This not only endangers to lives of people Everywhere, but it now has created a huge financial burden as officials are estimating it will cost tens if not hundreds of millions of dollars to permanently address the issue.

ECDP hasn't really been a ticker that's been floating around the social spheres recently...at least that we have seen...but there was a really strong base on social media from the last time this exploded. So in our opinion, momentum could quickly spur a larger rally and this ticker could still remain on a lot of those watch lists that were made during the time ECDP previously broke out. Based on this, we may be one of the first groups to take a much closer look at this company and at a critical technical point on the chart.

A near 3 month support level could set ECDP up on a launch pad for an early breakout tomorrow morning and the low float, low pps position could be fuel for the fire. Meanwhile the new marketing initiative could be the boost the the WaterGizzi needs to go from where it is right now to a nationally or even internationally recognized brand.

This having been said, pull up ECDP tonight, start your DD and if you choose, be ready to trade at the opening bell tomorrow morning, Tuesday 3/22 at 9:30AM EST!