Xtremepicks have seen it several times before and know how prices can jump big time. EKNL is at prime ‘buy’ zone after a solid consolidation at support levels. Xtremepicks always look for these cues to add to their position and they will definitely be doing this again today.
Belize City, Belize -- (SBWIRE) -- 10/24/2012 -- Publishers of daily penny stock newsletter xtremepicks (http://www.xtremepicks.com) looks at EKO International (EKNL:PINK)
With active float of 5.5 Million shares, scooping any shares at these super cheap levels is a treat.
It's already been confirmed insiders are not selling a single share and no doubt eying xtremepicks $3 per share target. In fact, as EKNL announced last week, the company has initiated a share buy back program and expect they will also be looking to accumulate at these levels.
With MONSTER news continuing to be unleashed by the company xtremepicks is on HIGH news watch for more market shaking updates that will propel prices sky high
It is worth repeating that when these minor pauses presents itself, take the opportunity to scoop super cheap shares – this is where the BIG gains are made!
When investors have a solid play like EKNL holding long term will pay off big just as investors have seen with xtremepicks other Medical company monster LFVN, which recently uplisted to the NASDAQ board.
Looking again at the comparison chart below between LFVN and EKNL, it clearly shows how these consolidation levels add significant strength to a bullish breakout.
The ‘blue circles‘ shows each level of support follow buy a breakout level.
In the case of LFVN, investors have seen solid support at $0.40, $0.60, and $0.80 just before the HUGE breakout to $3+ price point. EKNL is setting up perfectly and matching toe for toe with LFVN. EKNL shows solid support levels of $0.30, $0.50, and now at currently levels of $0.65 support.
Investors have also seen significant jump in price and volume on key dates including the 15th this month where prices skyrocket from $0.38 to today’s all-time high of $0.76, and expect another major rally as we approach month end.
With a super low active float of 5.5 Million shares, EKNL is set up for a HUGE breakout pattern to take prices solid into dollar level.
About EKO International
EKO International Corp. is a holding company focused on growth through acquisition. Each acquisition must have substantial growth potential and is expected to add assets and/or cash-flow to the consolidated financial statements of the Company. The Company is willing to examine a variety of proposed target businesses and if interested, will negotiate terms and conditions of purchase favorable to itself.
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