Although there was no material news about Metrospaces Inc (OTCMKTS:MSPC) last week, the stock was in sharp focus among investors and on Friday it ended the day with gains of as much as 40%.
Considering the fact that there was no news, it might be a good idea for investors to take a look at some of the recent developments that might have a bearing on the Metrospaces stock. Back on June 2 the company had announced that it made a strategic investment in the health and wellness products company Good Hemp Inc.
The strategic investment could actually prove to be a very important one for Metrospaces. The company is looking to bring in modern IT solutions to the farming operations process and it will be able to tests its products through this investment in Good Hemp. It has been suggested that Metrospaces is going to use drones and artificial intelligence powered applications to make the farming process more efficient.
The company had been in talks with Good Hemp for a considerable period of time and much of those talks had been focussed on the ways in which Metrospaces could collaborate with Good Hemp. It will be interesting to see if the stock can continue to add to its gains today.
Market Reaction:
On Friday, MSPC stock gained by 40% to $0.0014 with more than 1.06 billion shares, compared to its average volume of 297.65 million shares. The stock has moved within a range of $0.0010 – 0.0016 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0033.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0005 | 0.0007 | 0.0011 | 0.0013 | 0.0017 | 0.0019 | 0.0023 |
| Fibonacci | 0.0007 | 0.0010 | 0.0011 | 0.0013 | 0.0016 | 0.0017 | 0.0019 |
| Camarilla | 0.0012 | 0.0013 | 0.0013 | 0.0013 | 0.0015 | 0.0015 | 0.0016 |
| Woodie | 0.0002 | 0.0006 | 0.0008 | 0.0012 | 0.0014 | 0.0018 | 0.0020 |
| DeMark | – | – | 0.0012 | 0.0013 | 0.0018 | – | – |
 Stock Is In Focus On High Volume: Is The Rally Real?){kind=link}