Yesterday the Alternet Systems Inc (OTCMKTS:ALYI) stock was in considerable focus among investors after the company announced that it completed a review of its electric motorcycle development project with the MODUS Applied Innovations design team.
The resulted in a strong rally in the Alternet stock and it ended the day with gains of as much as 75%. It should be noted that the actual review had been completed by the company back on June 11 and the announcement regarding the same was done yesterday.
It has also been revealed that following the review, the company’s management remains confident that Alternet is on course for the much anticipated pilot program in Africa. At this point in time, the company’s management is in the process of prospering a detailed shareholder update in relation to the EV Rideshare and Self-Drive Rental program in Africa. Considering the latest update from the company, Alternet Systems is a stock that could be added to the watch lists.
Market Reaction:
In the previous trading session, ALYI stock went up 74.63% to $0.0592 with more than 145.69 shares, well above its average volume of 24.84 million shares. The stock has moved within a range of $0.0330 – 0.0609 after opening the trade at $0.0339.
| Pivot Points | |||||||
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0133 | 0.0231 | 0.0412 | 0.0510 | 0.0691 | 0.0789 | 0.0970 |
| Fibonacci | 0.0231 | 0.0338 | 0.0404 | 0.0510 | 0.0617 | 0.0683 | 0.0789 |
| Camarilla | 0.0515 | 0.0541 | 0.0566 | 0.0510 | 0.0618 | 0.0643 | 0.0669 |
| Woodie | -0.0079 | 0.0125 | 0.0200 | 0.0404 | 0.0478 | 0.0683 | 0.0757 |
| DeMark | – | – | 0.0461 | 0.0510 | 0.0740 | – | – |
 Releases Important News: Stock Jumps Big){kind=link}