DSG Global (DSGT) Stock Rebounds After The News: Will it Sustain?

The electric vehicle company DSG Global Inc (OTCMKTS:DSGT) stock experienced some heavy action on Friday after it emerged that the company announced that it is going to unveil a range of new vehicles at the Imperium Motors Experience Center.

The event already kicked off yesterday and is going to be concluded today. It is a key event for the company considering the fact that its vehicles are going to be showcased to prospective customers over two days.

It is important to add that during the grand opening, those in attendance will also have the option of driving as many as 25 different electric vehicles. Hundreds of vehicles have been sent to the Imperium Motors Experience Center for this purpose. In this regard it is also necessary to point out that some of the models are going to be made available for purchase. On the other hand, prospective customers would need to place orders for the other models.

Market Reaction:

On Friday, DSGT stock jumped by 10% to $0.2200 with more than 1.7 million shares, compared to  its average volume of 1 million shares. The stock has moved within a range of $0.1918 – 0.2290 after opening the trade at $0.2102. Over the past 52-week, the stock has been trading within a range of $0.0110 – 1.5200.

Moving Averages

+/- EMA(20)0.21 (+4.76%)
+/- SMA(50)0.27 (-18.52%)
+/- SMA(200)0.39 (-43.59%)

Pivot Points

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