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After posting bad results of the previous quarter, UTSI goes down, which is normal, although the previous 3 quarters were influence by COVID-19.
The stock went down till $0.83 , after with a big buy of opportunities buyers, it went up till $1.14.
Now the big support is at $0.85, thereafter it will raise slightly again to above $1+ but for a higher big move we need great news or wait for the next quarter ( in 2,5 months )..
Thanks for your clear view and interesting information !
The volume will only get higher when we will get some news...
News about another contract would be perfect for this.
Soon the Q3 2020 will be published, I don't know the exact day but should be around the coming days.. They had filed late last times, because of an accounting firm not doing its work, so they changed to another one.
This one catched up all of the reports... so might have a slight delay for the Q3 2020.
We all saw that the results are not soo good in Q4 2020, but also after Q1 + Q2 ( which is normal with the COVID-19 ). But the company was doing meanwhile good moves like to put all companies ( solar/HVC/financing ) under the same roof. The company got help from the governement, once for the payment of salaries but also after another amount as help for COVID-19.
These last 2 quarters are influenced by COVID-19, which is still there.
Probably the whole year 2020 has to be seen as "not good" for the results, next year will be better that is for sure !
I hope it.. more news !
I agree... this a real company with revenues.
Getting stronger now since the beginning of the year, COVID-19 has been handled, solutions are found on how to continue working..
News that's what we need
All these false alarms... each time in red and capital letters.
Which means shouting all the time.....
The day it ended with bigger volume and it is buying volume :O
Tomorrow maybe news coming out ?
You are right... the big support is anyway on 3/4.
Soon more news out... in the coming days the Q3 2020 report !!
Be ready!
That the stock is going down is normal, the previous 2 quarters were not good but all linked with COVID-19, coming months will be better.
Beginning next year the whole health crisis will be over. Certainly after the winter, the winter itself is gone and vaccins will be available and then UTSI will boom again...
Finally they will be able to do their turnaround, meanwhile UTSI will be cost cutting, which will be good for the future !
Finale note... often when it gets beaten like this some takeover offers are coming, always been in previous years..
Those governmental contracts are just a bonus, ABCO got a small one and opens possibilities for bigger ones.
ABCO got already much bigger ones before, it is going better, they are cost cutting with one building...
Now waiting for the big contracts.. they had it in the past, they will have it in the future...
Now we need news... a couple of them even better
Or the results Q3 2020 getting out...
So PAUL sold almost everything ? So now no pressure down anymore on the stock price ?
That is fast.... and good news if some buying volume
Thanks for the information ! Great info about the MM PAUL
This is a confirmation what we see since weeks/months..
That would be great !!
This means 1/2, after 3/4 and NOW 5/6. Slowly up for the moment.
Good for a big jump up... soon report Q3 2020 out !
Indeed but we need some news or Q3 2020 ( too early ) or some bigger buys
Anyway the support of 3/4 is a really good one !
Thanks for the information !
Indeed, but you also denied all the time that there was no improvement from 2016 till 2018, this year we got 2019, this year results were not so good compared with 2018! They were buying a building to put all the companies in it, they were busy repaying old debts ( yes they have new ones too ). But these costs will wait a lot less this year, next year could be great even !
No information is given by some ;) Just one thing : this will go down ( based on nothing but the past and general conclusions )
Yesterday was a positive day !
The stock went slightly up again WITH buying volume, that is a good sign for a great support on these levels...
Indeed you are right. You have to check yourself the company.
It has been hit by Covid-19 anyway, already end last year because suppliers are from China, thereafter it went to USA. This is no excuse, this is a fact, of course it has influence on the Q1 + Q2 + Q3, that is normal, many companies went bankrupt, this one didn't, yes in beginning of the year they were diluting to get some extra cash, meanwhile they got support money from the government to pay employees, they are in the new building ( less costs from now ), they even got there very first contract with the government.
Probably the coming week or 2 it will stay up around 5-7.. news will push it anyway higher, but the credibility of this company is much better than the years before, the company acts great, a great outlook for the future !
I think too... the volume is already total of the previous 2 days !
It could bounce back up a little... till max 8 I think, if more news or report or more volume, it could go higher this week..
Yes this is true.. now we are "stuck" here, but at least it is again a bit higher.. before was 1/2, than 3/4, now it is 6/7
Each time higher !
Now we need more news, next report or a technical boom ;)
Not much higher.. we are already a bit higher than before ( what is good ! ). The business in China restarted already since couple of months ago, so the material delivery is great again for ABCO Energy.
Now they are talking about a 3rd wave in the USA, but I thought not the areas where they are active...
Some more news to come soon? No idea. Next month yes the report Q3 2020.
Indeed the day ended slightly up again with high buying volume...
Indeed it finally ended at 7.
So still great for the technical analysis, each time the support is getting higher.. Since more than 1 week we have a very high volume, that never happened before, there is for sure more and more interest in this stock.
The press release came out late, not sure we will end with 8.
This would be nice !
Also on Twitter :
Press Release: ABCO Announces Border Patrol Contracthttps://t.co/XY1igA4vdW pic.twitter.com/ioqwmK7Ceh
— ABCO Energy (@ABCOEnergy) October 13, 2020
News is out !!! They got news out that is why
I complete agree with you the company isn't the same bad company from 2016.
They slowly but advanced in improving the operational profit,
now they put all the companies in the same building ( cost cutting )
and they really nicely survived the COVID-19...
Nobody knows.. still support levels..
Yesterday very low trades to get it lower at the end
You saw last 2 trades of yesterday ? Pushed down with that few shares ;)
And now already back to 8
Again based on nothing... Stocks go up and down...
When up a lot always profit takers, and those that let them get scared..
Technical analysis shows a nice a steady up, soon a breaktrough..
When ? Probably when news it out or the next report...
So few information on this board..
People saying news are coming, so stock up, and others saying it will go down... both down on no facts nor information
I have no clue... nobody has "when" exactly news will be out nor the reports..
It can be today, seeing the last days volumes all is possible, also just possible to break out via technical analyses, this will be much higher !
The support is there.. now the action, news or a report..
Thank you for this information !
A couple are trying to get a selling started, so they earn money of it.
But there is a big support going on, that is positive !
I hope so....
BUT I read that a couple of times here....
Yes I missed this... What news ? How do you know this ?