EdgeTech International, Inc. (EGIL)

[Blue54]

Small Cap Network has issued this opinion

here's the link

http://community.smallcapnetwork.com/Technical-Outlooks-for-RMIX-EGIL-and-IMGG/s/article/view/p/mid/2/id/145/

I'm bullish on EdgeTech International, Inc. (PINK:EGIL), but for no other reason than the way the chat's perked up of late, out of nowhere, for no apparent reason. Speculators will understand and be ok with that, while investors won't.

I had to really zoom out on a daily chart of EdgeTech International shares to fully make my point about how something is brewing that we've not seen in months. The stock's finally pushing up and off the $0.0006 area where it was parked for most of the mid-year. Moreover, EGIL is moving upward on consistently high volume now. No explanation.

My only concern with EdgeTech International isn't the lack of an explanation, but that it's overbought right now, and rife with profit-taking potential. I take some comfort, however, in the idea that if somebody wanted to sell a ton of EGIL, they could have done so already and walked away with a hefty profit. I don't know that I'd dig in too deep, but I believe EdgeTech could be a quick, free ride AFTER a pullback to, let's say $0.004, and a regrouping of the bulls. Something is going on.