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Great support at 0.0085. I have a feeling the shot up has been set up for launch.
Will load more if there are dips tomorrow.
I should have listened to you when it was 0.0045.
I agreed. I have been chasing it for all morning. But all is well. The chart looks promising.
Does "too much dilution" conflict with "low volume"?
Common sense: all quarterly financials from ALL publicly traded companies including Google, Microsoft, GM, etc are NOT audited. Get the fact!
Great post!
SHORT SQUEEZE IS COMING!!!
Your comment is just an indicator of buying. Thanks for the confirmation.
Changed auditors.
I also noticed that the new audit firm has an office in India, which the previous audit firm does not. EWSI has operations in both China and India. Maybe that's the reason they changed the auditors. I think accounting principles in India, China, and Britain are similar.
I agree. After the panic selling is over, this will be back up to 0.035 level at least. It's been over sold. Mr CEO needs to work something out to regain investors' confidence though.
Once financials are audited, that proves their operations are solid. P$UG was 0.25 last July now it's $6 above. Sooner or later, EWSI will pop up. Executing business plans needs time to deliver.
Agreed. Opportunities exist when people are fear. 0.03 is the bottom.
To be reasonable, adding 25% more shares caused 40% price decline looks somewhat ok to me. You do not expect the price went up when the supplies were more than demand. I observed some new buyers are in before the audited financials get published. The recent heavy volume speaks to it.
Even if there were 25% more shares added, the price still holds above 0.03 for a while, what it tells me is someone has been accumulating. There must be kind of agreement with the price movement.
Here is the bottom.
Good observation. I will give one more week to build up the bottom. This can go up to 0.045 easily.
Right. But I am thinking the Co needs cash to support the newly opened plant, that's why they have been diluting. In addition, some longs lost faith in this company so they sold and move on. That's why we saw more volume this time around. I truly think this will become a longer than I thought play. I am still holding and adding shares. I have a feeling that prior to August we will see the glory.
Agreed. Buy more shares when others are fear.
Hehehe.... No worries here.
Where is the gap?
If it goes down below 0.03, I will buy at least half million shares. Make it happen for me please. :)
Money runner does not have multiple million dollars. Their effect is limited.
With float only 10m, this stock can be pulled up much higher.
Uptrend wedge is forming. Breaking out 6.24 will lead to higher price for tomorrow. What do you think HSA?
Great projection. I am following you now. :)
Profit taking is almost done. Time to move up. It will be nice if it closes above 5.80.
MM has this stock in control. Short covering is coming.
$5.20 is the double bottom for today. Good support there.
With only around 10M float, the price went much higher because new money was eager to have a position in this stock. I agree with you that this stock will be higher than $7 at the least.
Great analysis. Thanks a lot! Please keep it coming!!
Agreed. EWSI acted really active this week, unlike prior weeks. Once volume comes in, the awareness is on. Next week will be an up trend on the daily chart. I don't flip EWSI. It has so much potential. Wu am holding it tight, strong, long and with a smile. Have a good weekend everyone.
It might close green today. It looks good next week. The volume speaks to higher pps.
It's ok. One group can not manipulate the price forever. Uptrend on weekly basis still holds. Once audited financials come out without material findings, this stock will go much higher.
I feel most of selling were sold at loss thinking recent lows were not below 0.033. Longs need to be patient.
I added more today. Now EWSI accounts for 25% of my portfolio. EWSI will be a good stock to own for a long term.
It looks to me that the uptrend still holds.
I am glad you finally decided to join Long's legion.
The run up this time will pass 0.10 and make another high, from TA point of view. :)