CURRENT PRICE 2.96, at support, 3.03 ± 0.19, type Single, strength 3
RESISTANCE ABOVE +18.6% at 3.51 ± 0.22, type Single, strength 1
SUPPORT BELOW -16.2% at 2.48 ± 0.15, type Double, strength 5
-27% at 2.16 ± 0.13, type Single, strength 2
-45.3% at 1.62 ± 0.1, type Double, strength 7
-53.4% at 1.38 ± 0.09, type Triple+, strength 10
-59.8% at 1.19 ± 0.07, type Single, strength 1
-65.2% at 1.03 ± 0.06, type Single, strength 3
-77% at 0.68 ± 0.04, type Double, strength 10
-83.1% at 0.5 ± 0.03, type Single, strength 1
You are not only new but pretty clueless. There is solid support at 3.25 which took a month of heavy volume to create and which held the stock today. The solid trend is clearly up as correctly predicted by me for weeks now. There are only 4 moving average days now at 3.74,3.84,3.86,3.91 that need to be reclaimed for 4 to be breached again by a reformed moving average support pyramid. There is also a gap to 5.14 that is slowly sucking the stock up. I bought this stock under 2 based on both good DD fundamentals and excellent TA potential which are both coming good and it has only just begun its long journey up to a much higher stock price.
Whoever bought at 4+ will be pleased enough when it is double that in 6 months time. My God all the evil weasels and cockroaches come out on a little retracement on low volume back to support ! Within a week or so this stock will be back at 4 as there is a gap to 5.14 to fill.
p.s. my average is 1.50 and I'm not selling until double digits ;-).
The IP of this company is worth 5-10 times its current market cap. The general market is just not smart enough to realize it yet thinking of it merely as a news/momentum stock.
The fundamental change and opportunity now is that big OEMs will now be forced to comply with clean diesel emissions in road conditions rather than just try and cheat it in the garage test. Obviously complying with these emissions was a big enough cost to risk such cheating so CDTI's cheaper solution should now come into play into OEM's considerations. I would not be at all surprised one morning to see a really big deal has been signed.
OXNARD, Calif., Sept. 24, 2015 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (CDTI) ("CDTi" or "the Company"), a leader in advanced emission control technology, released the following statement in response to numerous questions from industry analysts and investors regarding recent emissions compliance issues within the automotive industry.
"Recent news surrounding non-compliance with automotive emission laws emphasizes the priority government regulators and the public place on improving air quality and safeguarding human health around the world," stated Chris Harris, CDTi's President and Chief Executive Officer. "The strong reaction to the negative aspects of non-compliance makes it crystal clear that governments intend to strictly enforce stringent emission regulations as they urgently and aggressively tackle the enormous environmental, social and economic costs stemming from harmful vehicular pollutants."
"Globally, there will soon be 100 million new passenger cars produced annually as the world's population grows and rising living standards spur demand for cars and commercial vehicles. Simultaneously, governments are moving quickly to safeguard human health and the environment. While more stringent emission regulations take effect worldwide, and car designers leverage turbo, direct gas injection and hybrid engine technologies for fuel efficiency, conventional catalytic converter technology is stretched. Clearly now is the time for the rapid and broad-scale adoption of breakthrough innovations that enable cost-effective compliance."
Harris concluded, "With its long track history supplying emission solutions for passenger cars and heavy duty vehicles, CDTi's next-generation technologies promise cost-effective compliance with increasingly strict emission standards around the world. We believe our proprietary technologies that include MPC(R), Spinel(TM), BMARS(TM) and SPGM(TM), offer vehicle manufacturers superior emission reduction performance at substantially lower cost. We intend to accelerate commercialization of our breakthrough compliance-enabling technologies."
bbc co uk/news/business-34345210
ans it is a short jump from there to 5.70+ where the highest of the moving averages lurk. Stock will then get a second wind above 6.
' Next target for support creation is 3.25 for further upward progress to occur.'
That just happened and moving average support, which supported the stock at 3 last few days, is continuing the propel the stock upwards. The TA force is strong with this one ;-).
If car manufacturers were cutting corners, cheating and not even bothering to meet expensive emission targets I just don't see how this cannot benefit CDTI in the long run with its cheaper but still effective emission solutions. I suspect the company will be fielding more calls in the immediate future from worried big OEMs.
Apple really jumped the shark with this overpriced nonsense. No reality distortion field ever created will stop this from bombing badly.
2.75 support held and the moving average support has reformed again. Next target for support creation is 3.25 for further upward progress to occur.
I have 20K shares myself @1.50 and I already regret selling 7K additional shares before the Ph3 pop in the name of portfolio diversification. I should have stuck with my gut instinct and held those extra shares. This stock is still cheap in the long run at this price and as I told I think you earlier it is later and more secure in its pipeline than AVXL so more likely to pop bigger earlier. It's up to you ultimately what you do but as long as 2.75 holds it should form a base here for further advances in the 3+ area.
A much bigger bite today ;-).
The support target for next week is 2.75 which is not far now and which will then provide a solid base for the following attacks on $3+. As I said way back on Ph 3 day this price area is just historical resistance that will eventually be overcome with volume and time.
A better visual is the actual fastest rocket that left Earth, the high thrust to weight ratio Atlas V 551 that launched the New Horizons Pluto probe.
Consider it a Requiem for old Spacehab shareholders who were promised in 2006-7 far more business progress by now from Pickens, frankly after 9 long painful years I still don't see what he brings to this company apart from a big wage bill and big but empty expensive words. He has let this company down badly with his false promises over many years first in drugs and then spectroscopy and the previous management would not have been any worse but with the added bonus that they never raped and would never have thought of raping this company so badly like this stupid egotistical greedy fool has done.