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Clean Tech Co. Might Be 'Intrinsically Strong'
Contributed Opinion

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Expert Clive Maund reviews Ecolomondo Corp.'s 6-month and 2-year charts to show you why he believes this stock may be strong no matter the market.

Even during the worst bear markets and market crashes, there are a few select stocks that are intrinsically strong and go up for their own reasons.

Ecolomondo Corp. (ECM:TSX; ECLMF:OTC), at this point, looks like it will be one of them.

On its latest 6-month chart, we can see that it was unfazed by the heavy drop in the broad stock market late last week and looks like it is about to break out of a completing Cup and Handle base.

Ecolomundo, therefore, looks set to do well whatever the broad stock market does. So we stay long, and its rated an immediate speculative Buy here.





The convergence of the moving averages and the marked buildup in upside volume this month certainly suggest that it is ready to break out.

On its 2-year chart, we can see that after spiking dramatically higher last year, it lost most of the gains in the bear market that followed with a base pattern starting to form from last December that now looks to be complete with the upside volume this month and stronger Accumulation line pointing to an imminent upside breakout.

Ecolomundo, therefore, looks set to do well whatever the broad stock market does. So we stay long, and its rated an immediate speculative Buy here. Notes that it hardly trades on the US OTC market where, if you buy it, limit orders should be employed.

Ecolomondo's website.

Ecolomondo Corp. closed at CA$0.54, $0.405 on September 23, 2022. It is currently trading at 

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The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

1) Clive Maund: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Ecolomondo Corp., a company mentioned in this article.

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