DarkPulse Inc (OTCMKTS:DPLS) Stock Bounces Back From Recent Lows

Yesterday, the DarkPulse Inc (OTCMKTS:DPLS) stock was one of the stocks to have come on to the radars of investors after it made a major announcements. Before delving into the rally in the stock it may be important to take a closer look at the announcement.

Market Action

On Monday, DPLS stock gained 6.67% to $0.0640 with 39.90 million shares, compared to its average volume of 29.11 million shares. The stock has moved within a range of $0.0609 – 0.0724 after opening trade at $0.0609.

Latest Update

The company announced yesterday that back on December 31, 2021 it had successfully filed a complaint against a debt funder which was involved with convertible notes. As per the complaint, DarkPulse has alleged a wide range of violations of the federal securities laws from the debt funders and is also looking for the return of all stock valued at as much as $38,825,725.

The debt funder in question is FirstFire Global Opportunity Fund LLC and DarkPulse has also noted that the stock may have been taken by FirstFire illegally. The details of the complaint have been made available on the company’s website.

It should also be noted that the announcement came as a source of excitement among investors as well and led to a strong rally in the DarkPulse stock. It ended the day with gains of as much as 7% and it may now be a good idea to add the stock to your watch lists.

Traders Note

DPLS stock is trading below the 20-Day and 50-Day Moving averages of $0.0701 and $0.0839. Moreover, the stock is trading is the neutral zone with RSI stands at 42.

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