Good Afternoon,
Eventure Interactive, Inc. (OTCQB: EVTI)
November for me is a clean slate; a chance to put October behind us and rekindle the glory months that were August and September. This newsletter delivered gains of 454% over those months and I believe it can close out the year even stronger.
EVTI is my brand new pick and it’s a real beauty. The company develops social applications, as well as operates a mobile-to-web technology platform that enables the users to captured, store, and share memories and events. It’s a business model that has proven itself over the last few years and if you followed the meteoric rise of Instagram you’ll no doubt understand what is possible in this particular space.
EVTI has just announced the development of its own proprietary mobile app. The messaging app allows users the ability to form group chats, organize events, access relevant features on smart devices, and stream digital captures back and forth, all via any smart device's native SMS chat application.
Speaking about the new app, CEO Gannon Giguiere said that, "The development of Eventure's Messenger platform fulfills two strategic needs for our Company: 1) it allows us to expedite market expansion by allowing both Android and iOS users to connect through a chat session and access the core features of the Eventure Platform; and 2) it positions Eventure as an intermediary between the Android and iOS operating systems, giving great flexibility for users of both to easily interact, organize, and exchange information."
That announcement seemed to have set the stage for EVTI’s next big one. On October 8 the company announced the hiring of Ex-Google Executive, Jason Harvey, as its Executive Vice President of Product Development and Marketing.
The news seemed to have gone down well with investors and given the spectacular resume of Mr. Harvey, you can hardly be surprised. He’s held executive positions at not just Google, but at AT&T Interactive, Microsoft, Ford Motor Company, and Nestle.
You can read the rest about the appointment here: http://finance.yahoo.com/news/eventure-interactive-inc-adds-ex-123704343.html
Looking ahead analysts predict that smartphone usage will explode in the coming years. Things are already pretty swell at the moment, but globally the numbers are expected to rise significantly. According to IDC, more than 1.25B smartphones will be shipped worldwide in 2014, representing a 23.8% increase from the 1.01B units shipped in 2013. Total volumes are forecast to reach 1.8 billion units in 2018, said the researcher.
The solid fundamentals have found their way into EVTI’s short term technical setup:
- Average volume of 17K was recently eclipsed in trading. Volume levels pushed past the 30K mark indicating that the play might have just turned a corner
- RSI is sub-30 which is a by-product of the huge rallies that EVTI has delivered. Those rallies took the play to a 52-week high of $3.60
- The pullbacks have created massive upside potential for EVTI
- EVTI is trading a huge discount to its DMA 50, another strong signal of its upside.
- EVTI is up 22% since October 29
- EVTI has a market cap of $10.949M
EVTI is a very solid short term trade and although it isn’t the cheapest in the space, it’s certainly the only opportunity I see at the moment with such strong upside potential.
Good luck!
Stay tuned for further updates on EVTI and begin your due diligence HERE.
Don't forget to look here for the news that EVTI announced recently HERE.
Happy Trading!
Edmund Kaminski
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