For The Earth Corporation (FTEG)

[foxi]

Technical setup looks fabulous, I'm not seeing dilution. Quite the opposite!

Daily moving averages 9, 20, 50 are all clumped up and the 20 is crossing the 50 today. This is trading in the high bollinger band (not shown) and BollingerBandwidth shows a lot of headroom. Look what's happening to RSI. Daily MACD is in the green zone and averages look to be widening, but there's some ambiguity so compare to the next level up. (Weekly, shown in my second chart)

Weekly MACD shows a cooling of the ongoing bear trend. (Faded red ticks) I'm also seeing strong accumulation (AccDist), and lots of headroom in BollingerBandwidth. On the weekly, the 50 MA is approaching the 200 MA and almost to crossover. Bollinger Bands (not shown) has this in the low band but now testing the midline - a crossover into the high band would take price to .0008 for a test of the top boundary.

This could pop as soon as this afternoon or it could take weeks. :) Could always go down too but the risk/reward looks pretty solid to me. Wish I'd bought .0003 and not .0004 but these are all relative cheapies if it runs. With the moving averages so close it could get a nice chain reaction of golden crosses.

Authorized Shares (50B) is obscene and there's 17B more to dilute with, so keep that in mind when choosing profit targets. IMO they'll wait to dilute until this gets back to a higher level.


Daily



Weekly