OOIL -> hot breakout bounce chart in play
PennyStockGeneral Newsletter
OriginOil, Inc (OOIL)
Traders , OriginOil, Inc (OOIL) has been in beast bounce mode recently , and over the past couple weeks has pulled back and consolidated – perfect for a potential entry before another possible leg higher. A picture is worth a thousand words, so check out the chart… You can see OOIL bounced hard after hitting 52 week lows of around $0.12 in June. It ran all the way back to its 200 day moving average of around $0.22. Now it has pulled back a little and "settled" here around $0.17-0.18 – right on its 50 day moving average.
This pullback and 50dma support could provide traders an excellent entry poin t. Breakthrough Clean Technology… OriginOil (OOIL) has developed a breakthrough water cleanup technology for the oil & gas, algae and other water-intensive industries. Unlike other technologies, the company`s patent-pending Electro Water Separation (TM) process rapidly and efficiently removes organic material from large quantities of water without the need for chemicals. For the oil & gas industry, OOIL is helping clean up produced water and recycle fracking water, to reduce harm to the environment and lower costs.
For the emerging algae industry, OOIL is making large-scale harvest possible.
And in aquaculture, OriginOil is helping improve yields and making seafood healthier by dramatically reducing the levels of toxic ammonia and bacteria in water. For a world short on clean water, OriginOil is the lower-cost and cleaner answer.
OOIL`s oil-from-water angle obviously appeals to the French and other eco-sensitive types.
Peak petroleum is alive and well — and should be a long-term catalyst here.
Meanwhile the fracking boom that keeps peak oil away is polluting a full BILLION gallons of H2O, so unless we want another dust bowl, the drillers have got to lean on companies like OOIL.
Unlike many pure "theoretical" green energy plays, OOIL has kept an eye on the real prize of monetizing its technology. To learn more about OOIL, visit their website http://www.originoil.com/
Recent Press
OriginOil Announces Breakthrough Chlorine Dioxide Pre-Treatment for its CLEAN-FRAC System Business Wire (Thu 10 Jul)
Field Trial Validates Very Low Energy Usage of OriginOil`s Frack Water Cleanup Technology Business Wire (Wed 2 Jul)
OriginOil Technology Breakthrough Greatly Enhances Membrane Filtration, Enabling Highly Efficient Frack Water Recycling B usiness Wire (Mon 16 Jun)
OriginOil`s First Demonstration-Scale Field Trial a Success, Technology Ready for Commercial Application Business Wire (Wed 11 Jun) We think OOIL is set up well for another push higher as momentum builds and the company continues to release positive news to the investing community. It`s 50 day moving average appears to act as support right at these levels, and we think OOIL could be headed back to recent highs of $0.225 – a 26% move higher from today`s closing price. Of course all bets are off if we reach this level – then we are in full beast breakout mode where things could really heat up. Make sure you are watching OOIL today and let`s try finish the week off with a bang.
The Team www.PennyStockGeneral.com
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