Shares of Net Savings Link Inc. (OTCMKTS:NSAV) traded lower Monday.
Market Action
NSAV continues to look weak closing Monday at .01025 down 10.8% Trading opened slightly higher at .013 but investors did not bid the stock higher. Volume was 66 million shares about twice its 30-day average.
NSAV Releases News
Net Savings Link, Inc. issued news about 1:30 Monday. Shares traded higher for about 30 minutes but the upward momentum was short lived.
NSAV announced that the Company will exercise its option and acquire an additional 20% stake in U.K. based Cryptocurrency Trading Platform, VirtuaBroker Ltd.
VirtuaBroker’s platform is based on Artificial Intelligence (AI) and offers a full range of trading services, such as portfolio management, price search function, and more.
With the recent announcements of Tesla and Mastercard joining the Crypto revolution, the management of NSAV believes that this will be a major step in fulfilling the Companys ambition of being a leading player in the over $200 billion annual cryptocurrency market.
Traders Notes
NSAV has been trading lower since its .069 high in February.
Tops of rallies are following a clearly defined decending trendling lower.
Pivot points to keep an eye on are .0131 .0148 and .0183 above and .0096, .0078 and .0043 below.
NSAV didn’t bounce off far off its lows Monday hinting there are not a lot of buyers around. If NSAV cracks below .009 this stock is headed lower. Look out below.
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