The Alternet Systems Inc (OTCMKTS:APTY) stock has emerged as one of the winners in the markets this week and has clocked gains of as much as 40% so far.
In light of such handsome gains, it might be a good idea for investors to take a closer look at a key development this week. Earlier on in the week, Alternet Systems announced that it completed the planned review of its electric motorcycle development project with the team of designers from MODUS Applied Innovations.
However, more importantly, the company also announced that it is confident that the project is currently on course with regards to its EV Rideshare and Self-Drive rental program that is going to take place in Africa. In addition to that, the management is currently in the process of making a detailed update that is going to be presented to the shareholders. The rally in the stock is hence understandable and it now remains to be seen if the Alternet Systems stock can manage to add to its gains today.
Market Reaction:
On Thursday, APTY stock was down 37% to $0.0098 with more than 389.46 million shares, compared to its average volume of 55.87 million shares. The stock has moved within a range of $0.0091 – 0.0174 after opening the trade at $0.0155. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0185.
Moving Averages
| +/- EMA(20) | 0.0066 (+48.48%) |
| +/- SMA(50) | 0.0029 (+237.93%) |
| +/- SMA(200) | 0.0015 (+553.33%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | -0.0015 | 0.0038 | 0.0068 | 0.0121 | 0.0151 | 0.0204 | 0.0234 |
| Fibonacci | 0.0038 | 0.0070 | 0.0089 | 0.0121 | 0.0153 | 0.0172 | 0.0204 |
| Camarilla | 0.0075 | 0.0083 | 0.0090 | 0.0121 | 0.0106 | 0.0113 | 0.0121 |
| Woodie | 0.0025 | 0.0058 | 0.0107 | 0.0141 | 0.0190 | 0.0224 | 0.0273 |
| DeMark | – | – | 0.0053 | 0.0121 | 0.0136 | – | – |
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