Delic Holdings Inc. (OTCMKTS:DELCF) has been flirting with a breakout the last few weeks. Is it coming?
Delic Holdings Inc. (OTCMKTS:DELCF) closed Friday at .31 up slightly gaining 1.6% on the day. DELCF gapped on the open to .398 up 30% but could not hold its gains. Voume was 220k shares well above its 30 day averahe of 120k shares.
DELCF issued news Saturday while the market was closed. Here are the highlights:
Delic Holdings Inc. Confirms No Material Undisclosed Information and Comments on Recent Promotional Activities
OTC Markets Group (“OTC Markets”) sent DELCF a copy of a newsletter article published by Financial News Now.com on March 16, 2021 (the “Article”) and email distribution between May 6-7 and requested comment from the Company.
The article and email discuss recent mental health research, current events in the psychedelics industry, a description of the Company’s business plan, board of directors, state of the current market, and matters relating to an investment in the Company
Statements made in the promotional materials are not materially false and/or misleading. The factual information provided in the promotional material, which was extracted from the Company’s public disclosure, website and press releases, is accurate, however, any opinions expressed by the author are his alone as the Company had no right of edit or control over those opinions.
Potential picot points to keep an eye on are .36, .42 and .51 above and .27 .24 and .16 below.
DELCF is trading below its 5 and 10 day moving averages which is bearish but above its 20, 50 and 100 moving averages which is bullish. Overall this would be neutral.
DELCF has had a tough time breaking above .40. Buyers have bid the stock up to this area four times in the last 30 days but have not had the ability to punch through. If they do DELCF should get to .50 easily. If the stock breaks down below .26 it could get ugly.