Market Scheming

Tuesday, June 21, 2011

ENW.VN -> EnWave, stock finding support, Signs deal will Kellogg Company

 Looks as if the price action is finding support of the original top channel of the Andrew's pitchfork.    If this holds Enwave stock is likely to move quickly regaining losses suffered over the last couple months.


A closer look with the MACD showing a rounding out, and looking to challenge the the 0.00 level.   Support also is from the 200 daily MA that is under the price currently.

In addition to the technical side, the company fundamentals are strengthening by the day.  Recently Enwave signed a R&D agreement with Kellogg company.  This is another milestone in the company's quest for additional partnerships with global leaders. 

EnWave website

  Explanation of EnWave Technology





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