Dear Cashmere Holding (OTCMKTS:DRCR) Stock Pulls Back a Bit, But Still up 195% in a Week

Dear Cashmere Holding (OTCMKTS:DRCR) stock pulled back a bit on low volume on Thursday as investors booked profit after the recent monster rally. Despite yesterday’s fall, the stock is still up 195% over the past week.

Market Action

In Thursday’s trading session, DRCR stock closed lower by 14.50% to $0.65. More than 13K shares have exchanged hands, above its average volume of 5K shares. The stock opened at $0.78 and moved in a range of $0.5100 – 0.7800.

OTC:DRCR, Deer Cashmere Holding Co aka SWIFTY GLOBAL, Swifty Predictions Enters Product Testing Stage

Here are the highlights:

Dear Cashmere is preparing to launch its patent applied revolutionary swipe betting sports prediction app powered by the game changing Swifty Digital Wallet. Swifty Predictions has successfully completed performance and security testing of the platform.

Swifty Global is preparing to launch its patent applied Sports Prediction App in the fall. It’s a game-changing app for users to engage in live sports and eventually reality television.  The application works by using its own proprietary AI to present users with betting (Prediction) cards individualised to the user’s personalized preferences, allowing the user to select a pre-defined amount i.e. between $1 and $25 and swipe right to bet or left to skip the bet.

The App will continue to present the user with bet possibilities continuously based on their preferences, allowing a user to place high frequency low nominal value predictions (bets) in a fun and engaging way on almost all international major sports such as NFL, NBA, NHL, NASCAR, Formula 1, European Football (Soccer), Golf, Rugby & Cricket and many more.  Beyond Sports which includes pre-match and in play LIVE sports, Swifty intends to integrate predictions on reality TV shows and lifestyle predictions where users will be able to make predictions about outcomes on shows such as Love Island, X Factor and many more. Such bets may include whether a couple will get together on Love Island or whether a singer will get to the next stage on a singing show or will a singer get 4 ‘yes’ votes.  Swifty Predictions aims to capture a completely new betting audience.

Trader Notes:

DRCR stock is trading below all the key moving averages with 200-day and 50-Day SMA stands at 0.6714 and $0.7720 respectively. Over the past year, the stock has soared over 333%. Will the stock be able to find the bottom and recover from the oversold zone?