CPOW stock closed the market yesterday with a 10.05% decline at $0.369. The trading volume was the highest since the share price started its furious rise about two weeks ago, implying that those interested in CPOW rapid value gains and improved liquidity could have started to take their profits. After reaching $0.52, CPOW share price started falling down, breaking through important support levels. The formerly bullish technical indicators have now reversed, signaling that traders’ interest might be already fading away, and that this might happen as quickly as it started to grow.
It seems that yearly in the morning the next batch of alerts hit the market, the promotional campaign being conducted by over ten different websites. The promotional disclosure of one of them suggests that the total compensation received is $100,000, this amount being for a one-week advertising campaign. Further, the disclosure says that the third party that paid for the promotions is most probably holding shares, and most probably it plans to dump them on the market as soon as the time comes.
In the meantime, nothing has changed about Clean Power’s absolute lack of any fundamental base for the current share price levels, as well as about the company’s ongoing unfounded PR campaign. After market close on Tuesday, CPOW announced to have signed a $400 million deal through a Letter of Intent to supply a Chinese company with crude canola oil over a minimum of ten years.
