Seeking Alpha

Small Cap Reporter's  Instablog

Small Cap Reporter
Send Message
I'm an avid trader and stock market analyst. I'm always on the hunt for a great day trade or swing trade and of course look for the next stock to hit a home run and make it from the OTC to the big boards. Fundamentally, I'm a trader and my decisions are day to day 60% of the time. I look over... More
My company:
Small Cap Reporter
My blog:
Small Cap Reporter
  • KGET Looking To Support For A Bounce  0 comments
    Sep 9, 2013 10:53 AM

    In moments of increased momentum, Kleangas has moved as high as .0038 from the support level right around the .0015. While we look toward the first "non holiday" week of the month, I think Kleangas could be a good breakout candidate because not only does it have a support bounce set-up, but it has demonstrated time and time again that it has potential to move up big % points with moderate momentum coming into play. Moreover, I think KGET's chart also suggests a very cyclical trend pattern of bouncing off of support and continuing on multi-day runs lasting as much as a full trading week:

    (click to enlarge)

    You'll see on the chart that back in mid-August KGET hit this .0015 support and bounced 153% to highs of .0038. Following a "distribution" phase, KGET again had a quick 2 day bounce from support for a 73% run. Now that September has gotten underway, it appears to me that KGET has once again pulled back to support and may be heading back in a direction of bullish profit potential. Last Thursday (9/5) Kleangas issued a press release and announced it has formed a scientific advisory board to assist the company in its scientific research, growth, and business development. Its first member, Dr. Bruno Denantes stated, "Kleangas and Global Energy share the same technological and commercial objectives, that being the future of energy is in the development and exploitation of hydrogen technologies. It is well known that governments and large institutions around the world are focusing the future in exploiting the power of the hydrogen atoms. Hydrogen is plentiful and it is a source without limits. No other form of energy can be compared with over time."

    President and CEO of Kleangas, William Wylie, commented, "We are pleased and excited to have Dr. Denantes as a member of our newly formed advisory board, whom is such an accomplished man with a wealth of knowledge and resources at his disposal."

Back To Small Cap Reporter's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.