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Traders and Investors,

Tomorrow we're focused on a past winner that we think could be set up to breakout of its tight trading range.

Provision Holding Inc (PVHO) is an exciting small cap tech play that has been consolidating over the past six months or so, and with a spike in recent trading volume, we think a breakout could be on the cards near term.

PVHO recently traded around $0.08, which is 30% higher than its current price. A move back to this level would be a nice winner for us.

However, given how long PVHO has been consolidating, and the strength of its multi-month support at above $0.05, we think a major breakout could be just around the corner.

This could mean a breakout through the $0.08 resistance level and back to the next technical resistance level of $0.15. 

Put simply, PVHO is showing a high risk v reward technical trading setup.



And given the recent major news catalysts and the very strong technical support at $0.05, we think any breakout in PVHO could be big and fast.

PVHO is a trader's friend - it has good volume & liquidity, a tight level 2, an endorsement last year from Intel Corp, one of the largest tech companies in the world, many great recent news catalysts and strong underlying financial growth.

Just last week PVHO entered into an agreement with Joyful ATM to integrate its 3D holographic display and coupon redemption platform into Joyful ATMs to increase in-store engagement and point of sale purchases.

The scale of this agreement could be huge given that more than 48,000 Joyful ATM units are planned to be deployed throughout the United States and in another 68 countries over the next 72 months, at locations including banks, retailers, convenience stores, gas stations, and government buildings.

This follows on from an announcement a month ago where PVHO announced a partnership with PRN, a leading provider of in-store shopper marketing solutions. 

The new partnership allows PRN to expand its monetized consumer activation offerings at brick-and-mortar retail by utilizing Provision’s 3D Savings Center kiosk, which delivers interactive 3D advertising and content that delights, educates and rewards customers with redeemable coupons at the point of sale. A national rollout to retail pharmacies is underway – with the network currently installed in approximately 700 stores in the top ten DMAs.

And back in June PVHO announced they had entered into a multi-year partnership agreement with Discount Drug Mart, Inc. to install Provision's proprietary 3D Savings Center kiosks inside Discount Drug Mart stores. This agreement represents the next major retail partnership for Provision. 

PVHO has had some big-name endorsements in the recent past too. PVHO’s 3D digital display technology is so important that Intel Corporation devoted an entire whitepaper to it!

In the whitepaper titled Tomorrow’s Digital Signage, Today with 3D Holographic Kiosks, Intel said that, “Intel technologies and Provision 3D holographic kiosks lead to more focused campaigns and higher sales for consumer brands and retailers”.

You can read more news and recent developments with PVHO at http://finance.yahoo.com/quote/PVHO

These are some major developments for PVHO, a microcap company with a small market cap of just $7.5m.


More about PVHO

Provision Interactive Technologies, Inc., a subsidiary of Provision Holding, Inc. (PVHO), is the leading developer of intelligent, interactive 3D holographic display technologies, software, and integrated solutions used primarily in retail settings. Provision’s 3D advertising displays are designed to increase in-store engagement, coupon redemption and point-of-purchase activity. 

Provision's 3D holographic display systems represent a revolutionary technology that project full color, high-resolution videos into space detached from the screen, without the need for special glasses. Provision holds more than 10 patents related to its 3D holographic technology, for both consumer and commercial applications.

To learn more about PVHO visit their website www.provision.tv.

In Summary...

PVHO has every thing we look for in a trade - a nice chart setup with a long period of tight consolidation and strong technical support, and plenty of news catalysts to get investors and traders excited.

With think the risk / reward technical trading setup is very favorable at these levels, assuming a stop at just below support at around $0.05, with potential upside of $0.02 - $0.07.

I urge you to do your own research and be ready for the trading day ahead. I will touch base in the morning with a further update.
 

 

 

Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.