Peter Hristov

Onteco Corp (PINK:ONTC) Breaks The Limits With a Promotional Help

by Peter Hristov July 28, 2011

Watch the video to learn about the probability of ONTECO CORP (ONTC) Chart Signal as of Jul 23, 2016

This free program will calculate the probabilities of ONTECO CORP (ONTC) stock chart

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4ONTC_chart.pngOnteco Corp (PINK:ONTC, ONTC message board) has been making a lot of long investors happy in the last couple of days. At the beginning of June, ONTC made a bounce at the $0.005 support and just as it started to fell some sort of resistance at $0.013, a couple of trade alerts and a press release helped the stock surge even higher on the chart.

On the last session, ONTC generated a significantly higher trading volume. With nearly 27 million traded shares, the company exceeded 7 times the daily average. ONTC finished the session at $0.0167 which is 22% higher than the previous close.

Two days ago, the well-known promoters, Hot Otc and Stock Egg, included ONTC in their trade alerts, which pointed to the building momentum. The promoters didn't mention any compensation received, however a couple of other paid promotions on ONTC could be detected on Tuesday:
  • Hot Shot Stocks covered the company in their newsletter for which they had received $500 form an unknown third party.
  • A $4000 promotion cam from Insane Stocks who were p[aid by i-Business Group LLC.
  • Another $20,010 and 1.2 million restricted shares were spent on a promotion by Hot Stock Cafe.
  • Sizzling Hot Stocks issued a promotion of their own for which they had received $2,500.
4ONTC_logo.jpgSo, the company was a target of a massive promotional campaign which was apparently the reason of the stock surge. The press release which came form the company yesterday was only a back-up to the campaign, saying that a virtual investor relations company had targeted ONTC as a "top company to watch".

As a result of the joint promotional efforts, ONTC surged about the moving averages which would be generally considered a bullish sign if it wasn't a result of artificial promotional stimulation. Therefore, ONTC will have to prove it has the essence to sustain its current share value after the promotional echo fades away.

Watch the video to learn about the probability of ONTECO CORP (ONTC) Chart Signal as of Jul 23, 2016

Hotstocked Precision will calculate the probabilities of ONTECO CORP (ONTC)

Size: 656KB
Version: 1.1
Platform: Win/Mac
Downloads: 800,000+

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