One World Ventures Inc. (OWVI)

[tew477]

From SmallCapNetwork.com

It was hardly a perfect setup, but don't dismiss the jump from One World Ventures, Inc. (PINK:OWVI) Friday as just a little volatility. The rally from $0.0028 to $0.0037 - on strong volume, no less - yanked OWVI out of a long-standing rut. A little more gas, and the stock could break free of another burden.

The hurdle that OWVI knocked down on Friday was the asymmetrical wedge shape that extends back to September. A handful of lower high ands higher lows put the stock into a position that, one way or another, had to shove it out of those confides within the week anyway. As it turns out, the market saw fit to sling One World Ventures, Inc. in a bullish direction.

That said, I still don't see this is an ideal beginning to a true breakout. For starters, the 32% jump may be excessive to the point that it will be an impossible act to follow; I suspect One World Ventures shares will need to retrace some if its steps and get another running start to clear the next problem... getting above the resistance line at $0.004. That would represent a higher high - the first in a while. Still, the potential breakout makes OWVI worth watching.