TPT Global Tech (OTCMKTS:TPTW) Stock Attempts To Rebound After The Fall
San Diego based tech firm TPT Global Tech (OTCMKTS:TPTW) saw its stock make a strong recovery on Friday and managed to end the day with gains of 8%. While the recovery may be welcome news for investors it should be noted that over the course of the past week, the TPT Global Tech stock is still down by as much as 20%.
Market Stats
On Friday, TPTW stock moved up 8.50% at $0.0115 with 8.96 million shares, compared to its average volume of 8.05 million shares. The stock has moved within a range of $0.0104 – 0.0140 after opening trading at $0.0106.
Latest News
As it happens, the company actually made a key announcement on Friday with regards to the fact that it was finalising the plans with regards to its app ‘VuMe’, which is going to be a ‘Super App.
TPT Global Tech noted that the app in question is going to be the most extensive location operating system that could be used both on desktop as well as mobile platforms.
It will offer a range of services in one place starting from financial news, crypto, social media and gaming, to shopping, banking and a range of other tools. It was a significant announcement from the company and it was easy to see why it had come as a source of positivity for investors as well. This morning it might be a good idea for investors to keep the stock on their radars.
Traders Corner
TPTW stock is trading above the 20-Day and 50-Day Moving averages of $0.0139 and $0.0186 respectively. Key pivot supports are 0.0063, 0.0084, 0.0099 and resistances are 0.0135, 0.0156, 0.0171.
