Zevotek, Inc. (ZVTK)

[sl62]

Continue to have a concerted consolidation going on. Notice the larger triangle bands from Feb/March. Shows it's all leading up to something...hmmmm, I wonder what that could be?

Still a good looking chart for news pending. Nice 2.5mo upsloping consolidation. Higher lows throughout, MAs nice and compacted awaiting breakout, 50 continuing to rise (now 0051) showing rising support (notice today's low touching the 50), healthy 20/OVER/50 with solid separation and upsloping. I'd say it's down to any day now for anything to hit the wire BMO between retail deals or 10Q (or whatever else is in the pipe). Every day you fire up your box in the AM, might just be the day the mag-lev pulls out. Everything's in place and couldn't be more primed imho.

Realistically, if I consider the amount of orders they could have processed in Q1 (which I will be shocked if it's any lower than 100K over the 3mo period given all the airtime), and that some % of all orders was higher than the $20 nominal sale, I have to believe the top line number will have to be somewhere between $3.5mm - $9.5mm. If the sequential order numbers are indeed accurate (or damn close to it), the high end...if the number is closer to the 100K, the lower. Either way though should be more than enough of a wow factor to ignite this stock into a new orbit. Love to see that $9.5mm smack right in the nose for the folks holding this thing down. 005/006 not a bad launch pad to easily reach some higher penny+ levels from here. gl




On the 10day, yesterday's breakout failed with the drop down today (which was a bit surprising as the upmove looked strong), but not a total wash out as it was minimal and then set up another consolidation attempt. Whereas yesterday's set-up was above the 50% level, today it's right at it. Still healthy overall. Closed it right at the 5MA, no surprise there. They keep this stuff pretty much by-the-book...