Could ETQ's share price be soon to benefit from their developments with the new UVGI Nightingale Mobile Air Filtration Product.

New UVGI air filtration product

In November 2002, the ETQ announced its new Nightingale UVGI air filtration product, to be produced by a new joint-venture company, UVGI Systems Limited, owned 55% by the Group and 45% by Suvair Limited. This rapid response mobile air filtration unit is capable of killing the MRSA super bug and other airborne pathogens.

The UVGI unit has widespread application where there is need to keep
air free of dangerous live bacteria, viruses, and fungal spores, including
hospitals, schools, cruise liners, aircraft, food processing, and military
applications.

The UVGI unit uses a high intensity Ultra Violet Germicidal Irradiation ('UVGI')
filter, which has been designed to control harmful and dangerous airborne
pathogens, such as Anthrax, Tuberculosis, and Staphylococcus aureus, the
causative agent in MRSA. The filtration system is combined with use of high
intensity Ultra Violet light, which inactivates micro organisms by disrupting
their DNA structure.

Tests of a prototype at the Defence Science Technology Laboratory ('Dstl') at
Porton Down, the centre for excellence for the Ministry of Defence, showed that
the UVGI unit captured and/or destroyed more than 99.9% of Bacillus subtilis
spores, a simulant for Anthrax bacteria.

Since November, second generation units have been developed, which will go on
applications testing at an NHS Trust Hospital in December 2003, following
building completion of its new haematology unit. It is also anticipated the
UVGI unit will shortly go on laboratory testing in the United States with
contractors nominated by the Department of Homeland Security.

Concern seems to be hotting up on the T.V. news that the MRSA super bug is still killing and disabling people visiting or as patients in NH Trust hospitals. It would be surprising if NH Trust hospital do not notice and Buy this product before they get to many expensive law suits for compensation claims.

Definitely a stock that could soon be heading north. Worth buying in but DYOR

L.

RELATED NEWS LINKS

Sky News Sun 28th Sept 03 - NEW ANTIBIOTICS WARNING
BBC World News Thurs 4th December 03 - Hospital infections: Case studies
BBC World News Fri 5th Dec 03 - 'Superbug' crackdown is launched
BBC World News Monday 22nd Dec 03 - Superbugs lurk in intensive care
Sky News Sun 14th Dec 03 - SUPERBUG CARRIED BY PETS
BBC World News Thurs 26th Feb 04 - Superbug deaths increase 15-fold
BBC World News Mon 22nd March 04 - MRSA superbug hits more children
BBC World News Fri 2nd April 04 - Superbug outbreak in cardiac ward
BBC World News Thurs 8th April 04 - NHS faces superbug legal claims
BBC World News Sun 6th June 04 - Government 'complacent' over MRSA
BBC World News Fri 18th June 04 - Superbug deaths 'set to double'
BBC World News Thurs 1st July 04 - Holland's tough line combats MRSA
BBC World News Thurs 1st July 04 - Overcrowded hospitals breed MRSA
ITV.com Fri 9th July 04 - Mother's MRSA nightmare
ITV.com Fri 9th July 04 - 'MRSA superbug has done this to me'
ITV.com Fri 9th July 04 - Precautions you can take against MRSA
Sky News Sun 11th July 04 - WAR DECLARED ON MRSA
BBC UK News Mon 12th July 04 - Drive to fight hospital superbugs

The 500,000 trade reported at 5.25 pence this morning which has appeared in the sell column is a buy. The buy was filled when the offer price dropped to 5.50 pence for a few seconds before going back up to 5.75 pence. That action happened roughly before the buy went through at 09.27 and reported 1 hour later.
WINS also changed to the bid at 9:27.
The 500K was a definite buy and the buys outweigh the sells, I saw we've the movement on L2 just before the buy was put through at 09.27, the movement of the MM's. The price was 5.00-5.50 pence when the 500K order was put through. Then the offer ticked back up to 5.75 pence.
The other 500K trade at 5.00 pence on Tuesday was also a buy.
Someone has been hovering up all the sells this week, sells have been very small in size since last week and the buys that have come fewer but have been large.

Technical Analysis from Yahoo Finance updated today :

Technical Analysis: Energy Technique (ETQ.L) Last Time Updated Thursday July 29

Short Term Commentary

Watch out for price pullbacks, since levels under 7.43 can be opportunities to enter long in the market, when the trend slope at its highest levels.

Medium Term Commentary

Medium term price trend for Energy Technique is still bullish this week. This stock underperforms the FTSE 100 INDEX by -29.97 %. Volatility has been increasing during last month.

http://uk.biz.yahoo.com/tech/e/etq.l.html

We have another bullish candlestick on the charts for today : same as the one that appeared before the news came and the big rise happened (see below candlesticks chart). In addition, interestingly, the candlestick on the charts we have for today is the same one CFP had yesterday and CFP is up 23.00% today.

Bearish last candle on this chart says much more than an indecision doji on the above chart. Note the fact that higher prices were attempted but did not hold plus the downward pointing MA

** it is dangerous to trade against the trend. This is a falling knife scenario **



PS I no longer hold shares in this stock so am unpredjudiced

if you must buy then wait for good positive buying volume on your own chart. My chart shows that OBV (on balance volume) is falling

Best - Charts :

On Balance Volume is Bullish.

definitely not. Updata TA realtime chart. Daily

Potential punters: look at charts on different time scales. If you want to buy and hold then look at a longer-term chart wrt the primary trend

IMO this stock will (and should) test 4p. If it bounces off 4p with good volume then even I would buy it

I've just checked with Best-Charts. Volume Balance is also positive, confirmed by Investtech.
With regards to the trades, the small sells less than 50K appearing don't interest me, the 500K buys is what I am interested in. We will know the reason for the 500K block buys soon.

Investtech Analysis after today's close :

Weak Positive Candidate (Short term) - Jul 29, 2004
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has support at p 5.00 and resistance at p 6.00. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the stock. The stock is overall assessed as technically slightly positive for the short term.

Weak Positive Candidate (Long term) - Jul 29, 2004
Shows a weak development within a falling trend channel. A further negative development is indicated, and there is resistance against the ceiling of the trend channel. Has reacted back after the break of the inverse head and shoulders formation. There is support around 3.79, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The stock has support at p 2.70 and resistance at p 11.20. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. Volume balance is also positive, which weakens the falling trend and could be an early signal for a coming trend break. Trading volume has increased substantially lately. This shows there is an increased interest for the stock, possibly because of fundamental news. The stock is overall assessed as technically slightly positive for the long term.

Below is the copy of the BUY note from Evolution Beeson Gregory (EVO) which came out yesterday who upgraded ETQ from add to outright BUY which also happened yesterday.


Energy Technique (ETQ) Buy (from Add)
Mkt cap: 8m Net cash: 1m Recommendation change Price: 5p
Set to hot up
Over the last week the share price has fallen by nearly 40%. Our
fundamental view of the business remains in tact and we are raising our
recommendation to a BUY.
On 7th July Energy Technique announced it had sold its first Nightingale air
filtration system in the US. Investors responded positively and the share
price doubled. Whilst we remain confident the shares remained good value
in the long term, the shares looked unlikely to perform in the short term.
Therefore, on 21st July we reduced our recommendation to Add. Since then
the shares have fallen c 40% and we once again see some short term upside
in the share price. As a consequence we are raising our recommendation
back to a BUY.
We anticipate share price movements over the coming months are likely to
be stimulated by news flow from either the branded distribution operation
or the air treatment division. Preliminary results showed the branded
distribution operation is now established and poised to move into
profitability during the current financial year. We would expect the
company to update the market on its progress at the AGM stage. However,
the largest potential upside resides within the air treatment side of the
business. As experienced earlier this month, the market is likely to respond
favourably to any positive news flow from the division.
Following share price fall we are
raising recommendation to BUY
News flow will be key
ENERGY TECHNIQUE
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL
2
4
6
8
10
12
14
16
Source: DATASTREAM

"Since then the shares have fallen c 40% and we once again see some short term upside in the share price. As a consequence we are raising our recommendation
back to a BUY".


---So EVO must reckon that 7.00-8.00 pence which was the price when they changed their recommendation the last time is fair value for ETQ in the short term until further news comes.

Sue you should give credit to who posted the EVO note !

Happy1 are you are refering the post on iii from smiler23 alias sue helen. You have to comend her, when she gets her teeth stuck into a stock she certainly does her homework and digs out some very useful information.Must admit i was a little suspicious of SH when intially reading her post( ramping).Although she does have an uncanny nack of picking undervalued ( oversold ) penny shares.

uk-wire website. All current info on etq

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=etq&go.x=12&go.y=9

Interestingly the price is unchange for today but a blue candlestick has appeared on the candlesticks chart (see below) for today :

SP held up well today, considering a small Share Mag article advises a sell.

Hi momentum, the broker buy note published yesterday was good enough for me.
Well just 4 small sells reported today, against 14 buys have come through even though they have been small buys. Next step for next week is for large buys to start coming in now...

Online buying price had ticked up slightly to 5.45 pence from 5.40 pence towards the close.

Support has been built at 5.00 pence this week.

Buys = 245,688
Sells = 88,329

Investtech Analysis after Friday's close :

Weak Positive Candidate (Short term) - Jul 30, 2004
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has support at p 5.00 and resistance at p 6.00. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the stock. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically slightly positive for the short term.

Press Mention : in Today's Daily Mail Newspaper, should get the buyers in next week.

Daily Mail today under Broker Buys:
Energy Technique: Evolution says buy at 5p (now 5.75p). Upward movements over the coming months should be stimulated by news from the branded distribution operation or the air treatment division.

Not a cheerful recommendation from shares magazine this week - sell