The XSNX breakout i pre-warned yesterday occured today with a great looking run on increased volume conjoined with a 15.8% rally. Momentum here looking very strong and valuation on this stock is much higher.
I entered a long position at .495
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XSNX.OB - Small Cap Solar Stock Building Momentum
I’ve taken much notice to XSNX recently as the chart has become increasingly bullish and is currently consolidating in a very attractive pattern in which a breakout could possibly result in a very strong move. Beacon Equity Research has written quite an extensive report on this company and believe they could have revenue of $275m by the year 2010 with margins reaching 40%. With these estimates they have given XSNX a 12 month price target of $1.50/share.
For the Full report visit here : http://www.beaconequityresearch.com/reportsonline/XSNX
Technically this looks like XSNX is ready to bust to the upside in a possible very strong move in our favor. With the speculation and growth around solar energy a penny stock like this could become very volatile. This triangular consolidation pattern will turn into a buy signal if and when price breaks out from the previous peak created on 12/17 which kick started this latest move that is also a breakout from a year long descending channel.
I’m not ready to buy this yet but have it on very close watch for a breakout of .485
Keep an eye open on this sucker 
Bullish Stock Charts
OTCBB:
SNEN
UGTH
TWRT
UTVG ** - Chart shaping up very nicely and valued around 16.80/share. Looks like a good buy.
XSNX*
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solf
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