(Reminder) Today's exciting low float bounce play
Published: Wed, 02/22/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “alert” to 97000 to receive our instant, reliable and free SMS alerts. Hello fellow investors / traders, We have a special trade idea today - one that is much lower priced with the potential for larger, faster gains. And while this is a little more speculative and could bring more volatility, its ultra low market cap of just $150k per OTCMarkets.com, makes this a very appealing trade idea. When you consider ECOB has been beaten down of late, hitting a low of $0.0013 in the past couple of days after it was trading at over $0.01 just a few months ago, we see tremendous potential upside. I was watching ECOB today and the level 2 looks extremely thin. This means there appeared to be very little sellers. Great news for us. In short, we think ECOB has excellent potential for a bounce over the coming days.  As you can see in the chart, ECOB has a sloping support line and every time it hits this support it bounces. In December, this bounce was over 100% higher.You'll also notice the 50 and 100 day moving averages at much higher levels, these could be potential technical targets and definitely worth keeping an eye on. What is not showing on the chart is the massively oversold RSI reading of 25. This could mean a bounce is imminent. In short, we think ECOB looks great on a technical basis, and a bounce from these oversold levels could bring us some hefty gains. While we are primarily focused on the short term trading setup and chart in ECOB, here's some background on the company... Eco Building Products, Inc. (ECOB) is a manufacturer of proprietary, environmentally conscientious chemistry utilizing patent pending ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco's products protect against fire, mold/mycotoxins, fungal-decay, wood ingesting insects and termites. Eco is headquartered in San Diego, CA and goes to market through licensed Affiliates nationwide. For further perspective, here's an excerpt from management’s communication to shareholders in the Fall of last year: “2016 proved to be a year of transformative change for Eco Building Products. Difficult, sometimes painful decisions, had to be made, but the Company was up to the task and steadfast in its mission to disrupt the wood preservation Industry. We have been very deliberate and methodical in transforming Eco from a treated wood products supplier to a developer and manufacturer of cutting edge, environmentally friendly wood preservation chemistry and technology.” A couple of weeks ago the company announced it had formed a subsidiary, Wood Protection Technologies, Inc., to position the Company's intellectual property for alignment with major Industry partners and to attract new, more efficient, lower cost capital. In Summary... ECOB has an extremely tiny market cap of just $150k, one of the smallest we've seen in a long time. Its share price has been decimated of late, and with technical support and a grossly oversold RSI reading, we think ECOB is set to bounce big. The last time ECOB bounce off support, it gained some 30%. The time before that, over 100%. Now its trading at even lower levels with a thin level 2, we could see even bigger gains. To your success, --------------------------------------------------------------------------------------------------------
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