lowtrade

[lowtrade]

EEE strong watch chart up date.

My sector research took me to Utilities. Price at 50 day MA best sector!

http://www.finviz.com/groups.ashx?g=sector&v=410&o=name

My eval of the sector took me to EEE

On strong watch for many fundamental reasons. In the next post.

Including Mar 3 NYSE listing repaired, & Feb 1 major cash investment, double todays price. Un registered stock (can't sell) Real big guys felt price deserve 2.60 to 2.80 common & warrants,in Feb.

Price walked down to todays bottom and a old funding deal settlement was struck, for convertible stock & warrants @ 1.89. Humm think they may convert and buy warrants if price gets back to 2.60?

If price needs support these investors both (un registered & convertible) should support the price. It's in their best interest, just like a short would fight to take it down. But theres only a 3% small short interest, so don't expect any up down battle at todays decision point price.

Most every aspect technical & fundamental says bottom bounce. Financial 50/50.

Targets: Double bottom $2.00, 1st gap $2.10, 2nd gap $2.30, triple bottom $2.45, 3rd gap $2.50 and run/retrace pop pattern $2.60. Only strong resistance is at $2.68 reversal, other weak resistance points involve gaps above.