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05.30.2010 All Eyes on Market Mover in US Wireless Online (OTC: UWRL)
This week our stock spotlight shifts to equities listed and trading on the Over-the-Counter (OTC) and Over-the-Counter Bulletin Board (OTCBB) markets. Fearing vagaries abroad, investors appear to be shifting their investing dollars towards promising Micro Cap companies. TimelessWealth.net reports US Wireless Online Inc. (OTC: UWRL) is positioned for a boost in stock price amid successful rallies for counterparts GoIP Global, Inc. (OTC: GOIG) and Videolocity International Inc. (OTC: VCTY), respectfully.
Ending Friday's session, shares of Videolocity International extended for a 235% gain on the week. While traders anticipate further upside to VCTY, TimelessWealth.net believes the stock will post modest gains in comparison with another merger play under the ticker UWRL, that is, US Wireless Online Inc.
Traders will look to realize profits with Us Wireless Online Inc. (OTC: UWRL) playing the trends. TimelessWealth.net breaks down two factors that may serve as catalysts to UWRL's market in the near term:
Chart Analysis
The price per share of US Wireless Online (OTC: UWRL) is streaming towards a breakout from the wedge or 'flag & pole' pattern evident on the daily chart (below). While the price trends above the 10-day simple moving average, the market will attract 'momentum' traders betting on a technical breakout. Increasing volume session-over-session favors recent price movement; parabolic Sar is interpreted to suggest an uptrend in US Wireless Online (OTC: UWRL).
Industry Analysis
Best classified under 'reverse-merger plays', US Wireless Online (OTC: UWRL) intends to acquire numerous lucrative businesses, in order to create shareholder value, as a holdings company. This means that each acquisition will represent a unique round of speculation in the marketplace. Speculation in the marketplace will mean greater interest and liquidity to UWRL's stock. This is the trend traders & investors will look to capitalize on.
Both the technical and fundamental catalysts depicted reflect an investing & trading philosophy that trumps all: 'timing is everything'. US Wireless Online (OTC: UWRL) has approached a point of inflection, a period where the market will decide whether or not this stock will follow in the footsteps of reverse-merger victor Videolocity International Inc. (OTC: VCTY) or perhaps even outperform.
Wishing you a profitable week,
Edward Stevenson
Founder, TimelessWealth.net
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