Telkonet Inc (TKOI)

[SPM555]

Another very solid day in the books and we're that much closer to busting out of this trading range. I'm not sure what is behind the recent strength though I do believe that partially it's just a simple result of months and months worth of accumulation and sellers slowly but surely getting filled and drying up on that side of the trade. Anything north of .23 has been has been a fairly rare sight for this stock. Last year .23ish marked the ceiling until it finally cracked through in the late months of summer and into fall, but then it failed to sustain and back below .23 it went. That selloff shook the tree big time and I know many sellers bailed on that disappointing turn of events. If you look back at the past 2.5 years of trading that period last year was the only time it traded above .23 with any significant time/volume behind it, but I think we're setting up to go there again. It's entirely common to see an initial move like that get rejected but further down the line the price successfully busts through with conviction, and my guess is that is what's setting up.

I'm not sure if the strength in the pps has anything to do with Kross or what, but I'm slowly/surely getting more and more optimistic that TKOI is getting close to finally breaking out of this multi year base it's been stuck in.