NanoTech Entertainment Inc (NTEK)

[underdog150]

Sad, another NTEK promotion today that others knew about beforehand.
If you know what to look for, you know what is going on with this scam.
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Monday Momentum Alert: $NTEK 0
BY ADMIN ON JUNE 20, 2016 FEATURED
Today’s Momentum Alert Is:
NTEK (NanoTech Entertainment, Inc.)

It’s been awhile since our last momentum alert but if you’ve been with us for the last few months you already know how big these can run! Today’s momentum alert is a small cap SUB PENNY STOCK, NTEK (NanoTech Entertainment, Inc.).

Besides this having the potential for a strong bottom bounce technical set-up, NTEK has been pounding the pavement HARD this year. In fact in late April, one of the company’s senior film editors was featured in a cover page article of the Wall Street Journal!

What Kind Of Technology Brings This Kind Of Attention?

You’ve probably heard of Netflix right? NTEK is involved in the streaming entertainment industry and unlike other company attempting to “dip a toe” in the big pool, NTEK has dove in head first. In fact just recently the company has been capturing market share with inclusion of its Ultraflix app on platforms like Roku, Apple TV, Android TV, and even on 4K tv platforms utilized by Samsung, Sony, & Vizio.

We’re talking millions of devices that can now access the NTEK application. And when it comes to timing, the “right time” to be in this streaming space looks like it could be RIGHT NOW.

You’ve probably seen a lot in the news lately about the growth in internet based entertainment and generationally, those who “should be subscribing to cable services” are choosing to go a different route. Business Insider even did a full report on this market phenomenon.


Penny Stock Observer
The growth of US streaming services like Netflix and Hulu is outpacing traditional cable by a wide margin. The US revenue for video streaming services like Netflix and Hulu grew by 29% to $5.1 billion in 2015. And while the US streaming industry in 2015 was a fraction of its cable, satellite, and telco TV counterpart (with revenues of $105 billion), that sector only grew by just 3% in 2015.
Convergence also saw a growth in “cord-cutters” and “cord-nevers,” households who don’t hold a traditional TV subscription and instead rely on things like streaming services for video. Analysts found 20.4% of households fell into this category at the end of 2015, up from 18.8% at the end of 2014. By the close of this year, Convergence predicts this will grow to 21.9%.

NTEK Technical Breakout In The Making

You can pull up any candlestick chart and see that for the last few weeks NTEK has been holding support right around the 20 Day moving average.


Penny Stock Observer
Back in February NTEK crossed below this support level and after working its way back up above this pivot point NTEK saw some sideways trading…Then what happened next was one of the BIGGEST BREAKOUTS this stock has seen in a long time. And from Friday’s (6/17) closing price, a move back to those levels would equate to something nearing the 300% Mark!
Now we’ve seen NTEK settle back down. In May it crossed below this line and just recently in June NTEK has started to once again trade sideways after moving through what could be another pivot point on the chart.

In both cases, the volume was very light BEFORE the breakout and heading into this week, NTEK has had a relatively quiet market…Calm Before the storm?

Now is the Time To Start Getting Ready

We’ve heard you all loud and clear…you wanted a momentum alert and the first day of Summer seems like the right time to “Turn up the heat”…pun intended. NTEK is a sub penny stock at previous support levels that it had seen just before it broke to highs of almost $0.015. Since that move happened in just a few days…and after a period of quiet market activity, the current conditions for NTEK could be nearly identical to the last time it jumped.

The company has been hitting the ground hard and has been able to place its technology on some of the most actively used streaming platforms on the market. With the expansion that streaming has already started to see and with the projected growth over the next few years, this could be a very important time to be looking at “bottomed out” stocks in this sector. NTEK is what we’ve got pulled up today! Get ready for the open and log into chat before the bell…we’ll see you there!