Interesting stock here,
ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries.
A while back CLIR agreed a potentially massive deal with Exxon, this was dependent on a test they would run in with conjunction with Exxon at one of their burners in a real situation as a follow up to testing they had already done at a research facility in Seattle. Almost goes without saying but the results from the Seattle research were impressive and the test with Exxon is the final part of a multi year working relationship with that company to roll this out to many more sites over the next years.
I have been waiting for this movement in the stock for a while now, last week it dropped about 10% for a day and then rose immediately the next day, I believe this was someone with deep pockets manipulating the stock to try and get more shares at a cheaper price by triggering stop losses, this leads me to believe that there is an announcement coming soon with regard to the test being completed and a contract being finalised on foot of that.
I actually expect a lot more from this stock then what I have indicated on the chart I think it could spike as much as 50% plus but for me it doesn't really matter as it is one of my stocks that I will probably hold for a few years.
If you look at the historic price from several years ago it was above 6 and I expect it to attract insitutional investment and go back to that level again, either that or it may be a good target for a buyout, either way it is a long hold for me though I may sell some if there is a large spike that i think will retrace.
Recent news about them starting to text again on burners in China also helps with the future of this stock ... it's really only up from here ..
For the purposes of this idea my target is 3.48 from it's current 2.87 which is a gain of 20%, you might be able to catch another dip before news comes but don't say I didn't warn you
Good luck trading and this is not the advice of a professional...
ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries.
A while back CLIR agreed a potentially massive deal with Exxon, this was dependent on a test they would run in with conjunction with Exxon at one of their burners in a real situation as a follow up to testing they had already done at a research facility in Seattle. Almost goes without saying but the results from the Seattle research were impressive and the test with Exxon is the final part of a multi year working relationship with that company to roll this out to many more sites over the next years.
I have been waiting for this movement in the stock for a while now, last week it dropped about 10% for a day and then rose immediately the next day, I believe this was someone with deep pockets manipulating the stock to try and get more shares at a cheaper price by triggering stop losses, this leads me to believe that there is an announcement coming soon with regard to the test being completed and a contract being finalised on foot of that.
I actually expect a lot more from this stock then what I have indicated on the chart I think it could spike as much as 50% plus but for me it doesn't really matter as it is one of my stocks that I will probably hold for a few years.
If you look at the historic price from several years ago it was above 6 and I expect it to attract insitutional investment and go back to that level again, either that or it may be a good target for a buyout, either way it is a long hold for me though I may sell some if there is a large spike that i think will retrace.
Recent news about them starting to text again on burners in China also helps with the future of this stock ... it's really only up from here ..
For the purposes of this idea my target is 3.48 from it's current 2.87 which is a gain of 20%, you might be able to catch another dip before news comes but don't say I didn't warn you
Good luck trading and this is not the advice of a professional...
Comment:
Clir has now dropped to 2.55 but I still consider it a buy, might try and get more tomorrow at that price, it dropped on positive news which is strange and smells of manipulation...
Trade closed: target reached:
Target now reached, I am staying in this stock as I beleive it has still got a long way to go and a very bright future