Ecologic Transportation, Inc. | EGCT & Extended Watchlist

Ecologic Transportation Inc. EGCT

We’d like to welcome all of our new subscribers today. Those of you who have been with us for awhile, know that we have covered EGCT consistently for a good long while now. We first added it to our radar back on July 16th, and have no plans to cease our coverage any time soon.

This stock has given us tons of opportunities along the way. When we first began covering EGCT, it was trading as low as .30, subsequently running as high as .48. Next it dipped to .22 before turning up and surging back to .46. Again the stock pulled back, this time to .21, before reversing once again and touching .40. This week, EGCT has maintained a higher level of support, not trading any lower than .35, which is now acting as the new support level. Below .35, we seem to have support sitting at .30, and .25 as well.

We have prepared a detailed annotated chart this morning to illustrate some of the key technical points of EGCT. Looking at the chart, you can see that the stock has traded in a tight channel, achieving higher highs and higher lows, and offering savvy traders the chance to take advantage of large percentage gains from the bounces it has seen. In the time of our coverage, there has been the opportunity to lock in over 260% in cumulative gains. We’ve identified the key levels of resistance to be .40 and .45, a move past which point could send us into blue sky breakout mode.

It has been quite the rollercoaster thus far, but we feel that the ride is a long way from over. In fact, it has yet to even truly begin. The impending acquisition of ACE Rent A Car is the main element in what we feel should be an exciting future for EGCT. Once the recently announced financing is secured for said acquisition, things should really get interesting.

If you didn’t catch the special report we put out on EGCT a couple of weeks back, we strongly encourage you to do so now:

EGCT Special Report

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EGCT, CHMR & Extended Watchlist

Ecologic Transportation, Inc. EGCT

Word on the potential of EGCT is starting to spread like wildfire, Yesterday’s trading session produced record volume, to the tune of over 12x the 3mo average volume; almost 440,000 share changed hands.

The stock held higher lows and made higher highs, breaking key resistance at .38, and touching a high of .44, a gain of 60% off of Monday’s low at .275.

Earlier this week, we were looking for the stock to test recent highs of .48, and with the way the stock is performing, we may have to raise our expectations, as it appears this play could legitimately go into bluesky breakout mode.

All chart indicators continue to look strong, as outlined in the video chart summary from yesterday afternoon. You can view the video chart here, and we will be certain to keep EGCT at the top of our watchlist.


Chimera Energy Corp. CHMR

Lately, it seems like our Extended Watchlist has produced as many winners as our featured plays, which is why we always suggest our readers conduct proper due diligence on every play we discuss, regardless of the level of details put forth. CHMR is no exception, having seen a low of .58 yesterday, the stock ran as high as .74, closing just shy of its HOD at .71. This made possible intraday gains of 22-28%

This is a play that just emerged this summer, running from .14-2.00 from July to August. Following that major run, there was a large consolidation, as the support came in at .26. What resulted was a dead-cat bounce.

Yesterday, CHMR passed .66, and based on the chart, the next key area of resistance doesn’t come until 1.12, so we will want to continue to keep this play on our watchlists. This could be one of those stocks that we continue to follow for some time, as we’ve thus far been impressed with its ability to bounce.


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