$CBLU showing interesting price movement Clear Blue Technologies, a supplier of smart off-grid technologies, is showing some interesting price movement after asking a bearish descent of 70%.
After rebounding from a price of $.225, shares are testing historical resistance at $.315. With highs in the trend hitting this price since October, I expect shares of $CBLU are entering into a phase of consolidation as bearish momentum slows.
$CBLU.V recently closed a round of funding via convertible debentures surpassing its goal of $4 million, reaching total funding of $4.334 million. Along with the funding announcement, $CBLU also announced that it has engaged Triomphe Holdings Ltd. to provide press and social media consulting.
$CBLU is currently trading at $.27 and the company is valued at an MCAP of $18.08 million.