Zevotek, Inc. (ZVTK)

[marketschmarket]

I have been doing this long enough to know that this chart is a 90%'er. Any of the other TA players here will tell you the same thing. ( TA player feel free to chine in ).
The MACD is following trend and should indicate a buy in the very near future. Good traders and flippers are starting to get in right now as evidence from the increased volume..
Next, you will see that RSI just came out of being oversold which is another strong indicator that the general popilation is either long or holding for a better price. I could get into trix and such but 1 = volume 2 = candle 3 = MACD 4 =RSI.
All 4 are screaming to buy...

Now the 10%.. The SMA50 and SMA200 are converging and the 20 day trend is actually down, this is not a surprise with the recent 10k dissapointment but needs to be acknowledged.

So, this is the chart, the bounce play alone should see us around .0038, the momo play should see us around .0027, or the trend reversal play should see us around .0025.. Take your pick, they are all valid and I suspect they will all set up as resistance points unless we finally get our bounce which will then be .0038.


Onto the company. They have tons of advertising going on and a commitment to make money. They have goals and product.. thats better than 50% of the companies out there. They have guarenteed sales this quarter that will exceed last quarter which was a hge improvement over 2009.. Everything is pointing in the right direction ( except the DOW ) and will react accordingly.