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HotStockMarket › Groups › Penny Stock Breakouts › Discussions › GESI (Formerly SATM)- Love the chart setup here, ticker change coming up pretty quick.

GESI (Formerly SATM)- Love the chart setup here, ticker change coming up pretty quick.

post #1 of 23
Thread Starter 

Not only does it mark an almost 2 year high point, but the october spike was knocked down hard w/ heavy vol when it got to the .05 range, so this upcoming zone is clearly a key level of resistance. With that being said, the volume increase over the past 2 months looks like a real strong attempt to break through that ceiling, and the more significant the resistance which gets broke, often the more significant the ensuing move is. If .05 get's taken out, I think it's got a great chance to hit.10s and likely higher.

 

big.chart?nosettings=1&symb=satm&uf=4096&type=4&size=4&sid=3746722&style=350&freq=1&time=9&rand=441573560&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=635&width=1045&mocktick=1

post #2 of 23
chatting this one a couple weeks with a few guys in SATM thread...like it and still watching but just had me wondering bout this couple day pullback here after not making it back to previous highs and or higher like it has been for awhile...could just be flagging consol tho i guess...
.035 - .036 holding up would be good IMO...i'll keep it on watch wink.gif
post #3 of 23
Thread Starter 
Quote:
Originally Posted by kevin1612 View Post

chatting this one a couple weeks with a few guys in SATM thread...like it and still watching but just had me wondering bout this couple day pullback here after not making it back to previous highs and or higher like it has been for awhile...could just be flagging consol tho i guess...
.035 - .036 holding up would be good IMO...i'll keep it on watch ;)


Low volume consolidation on top of the 15 EMA and close enough to the key resistance to make it very bullish, all imo.

 

post #4 of 23

GESI (the stock chart formerly known as SATM)

 

2012-03-08_0800.png

 

I like that everything is getting bought up in the low to mid .03s, when the shares are available. Hopefully the consolidation in the upper .03s to the mid .04s is a stepping stone to a move into the next range above .05

post #5 of 23
Thread Starter 

I love to see stocks hang out near key resistance levels, and the longer they hold up the better of a sign I take that as. Whether it's today or next month, I can see this pushing through the resistance in the mid .04s and taking off.

post #6 of 23

Just created the GESI thread on here a few days ago. News out today, btw. They mentioned multiple facilities and obtaining more fuel, even though they have enough to last them for two decades with the current deals in line. Something is definitely brewing. 

post #7 of 23
Thread Starter 
Quote:
Originally Posted by -Eric- View Post

Just created the GESI thread on here a few days ago. News out today, btw. They mentioned multiple facilities and obtaining more fuel, even though they have enough to last them for two decades with the current deals in line. Something is definitely brewing. 



I'm very bullish on this one too. I have been following the updates and I know there is a lot of buzz around this stock, which is evident in the strong price action. One of these days sooner or later I think it'll take out the sellers in the mid to lower .04s, then it should run hard.

post #8 of 23
Thread Starter 

Volume and price ramping up, looks like this is going to close strong and be set up for next week.

post #9 of 23
post #10 of 23
Thread Starter 

Solid volume and a minor uptick in price. It's battling this resistance in the 042 - 045 range, but when if it clears that, it should start to move with less effort.

post #11 of 23
Thread Starter 

044 up on the ask. I think if it gets through 045, then the momo should start to build.

post #12 of 23
Thread Starter 

45s getting tagged, looking solid.

post #13 of 23
Thread Starter 

05s are up.

post #14 of 23

 

GESI Announces Anticipated Entry Into Power Purchase Agreement Could Earn $5.8-$8.1 Million Daily in Alberta Market 
 
Green Energy Solution Industries, Inc. (PINKSHEETS: GESI) announces anticipated entry into a Power Purchase Agreement through a third-party. Power Purchase Agreements are solidified contractual agreements for the purchase of pooled electrical power. Long term contracts are being negotiated by GESI which qualifies the company for long term financing for the project build out. 
GESI's planned facility is on target to convert 200 tons of rail ties (feedstock) per day using gasification. The company's power production ability is to net a 10 Megawatt power supply. Given current electrical grid rates, each phase of 10 Megawatt power could produce a contracted amount of revenue from $5,840,000 (CD) to $8,030,000 for a 200 ton/day facility. Additional modulars can be built as separate units based upon business planning and increases in available feedstock at GESI's Alberta location. 
 
CEO Gordon MacKay states, "The increased demand for electricity in Canada, as well as the increase in electrical prices, means that the revenue for GESI is highly likely to not decline in the foreseeable future. Annual electrical pooling prices have increased 100% over the last ten years in Alberta." 
 
GESI Green Energy Solution Industries, Inc. 
 
GESI is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects. GESI is now a public company with administrative offices in Houston, Texas and operations in Alberta, Canada. For More Information on GESI see the web site at www.gestechnologies.com 
 
 
post #15 of 23
Thread Starter 

Boom!

post #16 of 23
Thread Starter 

Ouch, lots of selling today into the pop. I think it'll take some time now for this one to regroup, but if it can consolidate after this action today, then I can see it still breaking out.

post #17 of 23
Thread Starter 

Wish I sold  into today's pop though. The selling definitely caught me by surprise.

post #18 of 23
Quote:
Originally Posted by simonyadig View Post

Wish I sold  into today's pop though. The selling definitely caught me by surprise.

for sure...wonder if its just a knee jerk reaction...still eyeing it
post #19 of 23
Thread Starter 
Quote:
Originally Posted by kevin1612 View Post


for sure...wonder if its just a knee jerk reaction...still eyeing it


If you look at GESI/SATM, it's up a bunch from it's lowest levels not too long ago. This was an opportunity for lots of profit takers, since this pop was a great chance for lots of people. The key will be whether the selling is accumulated and a base is built here. I will bet it holds and breaks higher, but likely it will take some time to shrug this off. I wish I sold this AM and was waiting on the sidelines now.

 

post #20 of 23
Quote:
Originally Posted by simonyadig View Post



If you look at GESI/SATM, it's up a bunch from it's lowest levels not too long ago. This was an opportunity for lots of profit takers, since this pop was a great chance for lots of people. The key will be whether the selling is accumulated and a base is built here. I will bet it holds and breaks higher, but likely it will take some time to shrug this off. I wish I sold this AM and was waiting on the sidelines now.

wish i had the play to sel lol...never got it but will keep an eye on it for a lil more and see what goes on from here
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HotStockMarket › Groups › Penny Stock Breakouts › Discussions › GESI (Formerly SATM)- Love the chart setup here, ticker change coming up pretty quick.