Over the course of the past week or so, the DarkPulse Inc (OTCMKTS:DPLS) stock has emerged as a major gainer and it continued this morning as the stock soared by 12%. That took its gains over the past week to 65%.
There has been no fresh news about the company this morning but it might be useful to take a closer look at a development from earlier on in the month. The laser sensor systems company announced on June 8 that it signed a pair of letters of intent with regards to taking up controlling stake in Wildfire Specialists LLC and Remote Intelligence LLC.
Both those firms are involved in providing drone based 3D model mapping for industrial purposes. The companies are primarily involved with the oil and gas industry. The two transactions are expected to further strengthen the company’s offerings and the optimism form investors with regards to the deals are understandable.
Last month the company’s Chief Executive Officer Dennis O’Leary also appeared in a podcast and spoke about a range of issues with regards to DarkPulse. He spoke about the fact that the company is trying to manage its toxic debts through the issuance of notes and went on to state that there are other capital opportunities in the horizon as well.
Market Reaction:
As of 11:55, DPLS stock gained 18.50% to $0.0814 with more than 101.20 million shares, compared to its average volume of 70.18 million shares. The stock has moved within a range of $0.0689 – 0.0825 after opening the trade at $0.0720. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0969.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0516 | 0.0553 | 0.0622 | 0.0659 | 0.0728 | 0.0765 | 0.0834 |
| Fibonacci | 0.0553 | 0.0594 | 0.0619 | 0.0659 | 0.0700 | 0.0725 | 0.0765 |
 Stock Resumes The Uptrend: How To Trade Now){kind=link}