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Could (Nasdaq: CREG) Be Heading For A Potential Reversal? Key Technicals Lean Oversold
April 2nd Greetings, Friend!
Smart Powerr Corp. (Nasdaq: CREG) continues to hold my eye this morning. Here's why...
It's a low float idea.
Registering fewer than 8Mn shares in its float according to Yahoo Finance, CREG could become a volatile situation in a blink.
The company is also fresh off a game-changing announcement.
Take a look: Smart Powerr Corp. Reached a Strategic Cooperation to Build an Integrated Industrial Ecology of Optical Storage, Charging and Inspection
With key oversold leaning technical indicators including a 9-Day and 14-Day Relative Strength Index both below 37% at the moment according to Barchart, CREG could be entering reversal territory.
There's a lot to digest here. Take a moment to read my initial report below and consider (Nasdaq: CREG) for your watchlist. -----
Though most people focus on not being tricked on the 1st of April, there was nothing "foolish" about my latest breakout idea.
This Nasdaq-listed hidden gem, quietly flying under Wall Street’s radar, erupted with force after the opening bell.
From an after-hours close of $0.5128 the night before, it rocketed to a high of $0.6884 on Tuesday, leaving watchers stunned by its explosive rise.
When the closing bell finally came about, this breakout idea had delivered a remarkable short-term run of approximately 34%, proving its potential to shake up the market in dramatic fashion.
But I’m not one to rest on my laurels...
As this idea takes its victory lap, I’ve already uncovered another breakout idea that demands immediate attention.
With a low float of approx. 7.85Mn shares, volatility potential could be significantly heightened on a daily basis.
And with the massive announcement of a signed strategic cooperation agreement, it may just be a matter of time until Wall Street's gaze turns this company's way.
For Wednesday, consider this Nasdaq breakout idea for your watchlist:
Smart Powerr Corp. (Nasdaq: CREG)
Smart Powerr Corp., a company specializing in waste energy recycling and energy efficiency solutions for energy-intensive industries in China, presents several reasons to warrant attention.
Below are 3 key aspects I've extracted from its recent Form 10-K filing:
1. Strategic Transformation and Future Outlook
Smart Powerr Corp. is undergoing a strategic transformation, aiming to become an integrated energy storage solution provider.
This shift aligns with global trends toward renewable energy and sustainability, as the company explores opp's in high-growth sectors such as industrial complexes, photovoltaic systems, and wind power stations.
Leveraging its existing assets and expertise, this transformation could position the company to capitalize on multiple emerging market opp's.
2. Innovative Business Model
The company's Build-Operate-Transfer (BOT) model allows it to provide energy-saving facilities that generate electricity from previously wasted energy sources.
This approach not only addresses environmental concerns but also offers cost-effective solutions for industries with high energy consumption.
As the global focus on sustainability intensifies, Smart Powerr Corp.'s innovative model could attract significant interest from businesses seeking to reduce their carbon footprint.
3. Strategic Partnerships
Smart Powerr Corp. recently announced a strategic cooperation aimed at building an integrated industrial ecosystem for optical storage, charging, and inspection technologies.
Check out the news here:
Smart Powerr Corp. Reached a Strategic Cooperation to Build an Integrated Industrial Ecology of Optical Storage, Charging and Inspection
XI’AN, China, March 31, 2025 (GLOBE NEWSWIRE) -- Smart Powerr Corp. (NASDAQ: CREG) (“CREG” or the “Company”), an industrial waste-to-energy solution provider in China, announced today that it and Shidai Huazhi (Jiangsu) Energy Technology Co., Ltd. officially signed a strategic cooperation agreement. The two parties will carry out in-depth cooperation around the integrated industrial layout of photovoltaic, energy storage, charging and inspection. As an important strategic collaboration in the new energy field, this cooperation will accelerate the upgrading of urban energy infrastructure and inject innovative momentum into the construction of a new power system and the realization of the "dual carbon" goal.
...
The chairman of CREG said: "This cooperation marks a crucial step for the company in the construction of a new power system. The integrated ultra-fast charging station for photovoltaic, energy storage, charging and inspection is not only an energy infrastructure but also the core carrier of the urban energy revolution. We look forward to providing replicable solutions for the global energy transition through technological innovation and model exploration."
...
Read the full article here.
Such collaborations enhance the company's ability to develop cutting-edge solutions and expand its market presence.
Conclusion
Smart Powerr Corp.'s strategic initiatives, innovative business model, strong liquidity position, and focus on energy storage solutions make it a company worth monitoring.
Coverage is officially initiated on Smart Powerr Corp. (Nasdaq: CREG).
Consider this low float breakout idea for your watchlist immediately.
All the best, Dane James Editor Market Pulse Today
(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)
*MarketPulseToday.com (“MarketPulseToday” or “MPT” ) is owned by Thousand Sun Media LLC, MPT is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile MPT brings to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized in-vest-ment advice, are not in-vest-ment advisors, and any profiles we mention are not suitable for all in-vest-ors.
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