Could Past Champ (SPONF) Be Lining Up For A Gang-Busters Breakout Due To Major August Company News?
(US: SPONF) (CSE: SPO)
Let's turn it up a notch. Cool?
I've been eyeballing a specific past champ closely and want you to get it back on your radar this second.
To be blunt, there are 3 key reasons to soak in right now:
- First, this profile has several key potential catalysts including oversold leaning technicals (bounce/reversal factor) and major company news from August.
- Secondly, because when I brought this past champ to your attention back in January, it ran from a sub-penny $.007 level to a high of $.0318 high for an approximate run of 354%.
- Thirdly, because I alerted you again in February before it went on a run from approximately 272% from a low of $.0295 to a high of $.11.
Could its next big breakout be taking shape as we speak?
Due to its disruptive advertising model, multi-channel distribution network, and recent green run, I want you to turn your full attention again to this past champ for Wednesday, September 1st:
SponsorsOne Inc. (OTC: SPONF)
And, SPONF has several potential catalysts to know now with one of the most important being its overload leaning technicals signaling a potential reversal in the short term.
The No. 1 SPONF Potential Catalyst
As of close on Monday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term for SPONF.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals that could signal SPONF to be oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 44.08%
- 14-Day Relative Strength Index: 47.44%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 7.73%
- 14-Day Williams %R: 92.27%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
The No. 2 SPONF Potential Catalyst
SponsorsOne Announces Its Doc Wylder's Alcohol-Infused RTD (Ready-to-Drink) Lemonades Will Be Carried By Kroger's Subsidiary Ralphs In California
Ralphs Grocery Company Is A Division Of The Kroger Company Based In Cincinnati, Ohio; Kroger Is The Largest General Grocery Retailer In The US
WATERLOO, ON / ACCESSWIRE / August 24, 2021 / SponsorsOne Inc., (CSE:SPO) (Frankfurt:5SO), (OTC PINK:SPONF), [...], is pleased to announce that Doc Wylder's has been authorized by Ralphs in Southern California. The product for the initial orders is currently in production in Southern California.
Myles Bartholomew, CEO of SponsorsOne, said: "The largest retailers in the USA are beginning to carry Doc Wylder's; this is a testament to the quality of the product. Drinking less but drinking better is a long-term trend that has been shaping the spirits industry for the last ten years, and it has been amplified and accelerated as people looked to trade up as a way of treating themselves. We expect outdoor socializing to be big as the world begins to open up again. As such, the appreciation for premium is also trickling into other drinks categories, particularly in the ready-to-drink (RTD) space. The demand for Doc Wylder's is growing daily."
Ralphs Grocery Company operates a supermarket chain in California. The Company operates 465 'Ralphs' stores in the Southern and Northern regions of California and the Midwest. Ralphs also operates 800 food and dr-ug stores in 11 states through its Fred Meyer, Inc. subsidiary.
Ralphs is a subsidiary of Kroger, which has nearly 2,800 stores in 35 states under two dozen banners and annual sales of more than $132.5Bn; Kroger today ranks as one of the world's largest retailers.
Read the full article here.
The No. 3 SPONF Potential Catalyst
SponsorsOne Announces Signing of the Second Largest Wine and Spirits Distributor in the USA - Republic National Distributing Company (RNDC) to Distribute Doc Wylder's
Ready to Drink Spirits market is forecasted to be bigger than wine in the US by the end of 2021, the IWSR forecasts(1)
WATERLOO, ON / ACCESSWIRE / August 10, 2021 / SponsorsOne Inc., (CSE:SPO) (Frankfurt:5SO), (OTC:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly growing its proprietary brands focused in the Alcohol, Functional Beverage and He-mp Sectors, is pleased to announce that Republic National Distributing Company ('RNDC') has entered into a distribution agreement for Doc Wylder's.
Myles Bartholomew, CEO of SponsorsOne, said: "This is another major milestone in the development of our national distribution strategy, especially in support to reach all major national retailers. The ready-to-drink market ('RTD') is one of the fastest-growing markets in the Spirits sector, and we continue to see tremendous interest in Doc Wylder's. The analyst expects RTDs to gain 22% volume share of total beverage alcohol in the US by 2025, up from 9.6%(2) share currently, and we intend to be part of this gain."
RNDC, a self-proclaimed 'distribution powerhouse'(3), is one of the nation's leading wholesale beverage alcohol distributors, specializing in wine and spirits. Through their online application, eRNDC, a centralized portal for new product setup, features & key services, they provide 24/7 product search, fulfillment & account management, enabling their efficient customer management tools to maximize added value, sales-driving activities. eRNDC enhances and streamlines customer and supplier relationships while elevating existing sales team execution, customer service, distribution, and product expertise.
RNDC, a world-class distributor of fine wines and spirits in North America, has operations in Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia, and West Virginia.
RNDC will start distributing Doc Wylder's in the State of California.
Read the full article here.
The No. 4 SPONF Potential Catalyst
SponsorsOne Announces Doc Wylder's Infused Lemonade is Available at Costco in Record Time
Doc Wylder's conceived in January 2021, and now in July is on the shelves of major retailers
WATERLOO, ON / ACCESSWIRE / July 19, 2021 / SponsorsOne Inc., (CSE:SPO)(Frankfurt:5SO)(OTC PINK:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly growing its proprietary brands focused in the Alcohol, Functional Beverage and He-mp Sectors, is pleased to announce that four of Costco's most influential locations for alcohol sales in the Las Vegas area are carrying the Doc Wylder's mixed 12 packs. Costco is widely known as the leading retailer for alcohol sales worldwide and Costco has seen exceptional growth with Ready to Drink ("RTD") products.