CIAU Trading Signals VERY BULLISH After Pullback From 900% Increase Indicating Big Bounce Potential
July 11 2017 - 1:15PM
InvestorsHub NewsWire
New York, NY - July
11, 2017 - InvestorsHub NewsWire - Wall Street Corner
Report
Ciao Group, Inc. (USOTC:
CIAU) technical trading indicators are currently
signaling VERY BULLISH according to Stock
Technical Analysis (www.stockta.com/)
even though the PPS has trended substantially down over the past
week of trading. In the 30 days prior to the last week PPS decline,
CIAU stock went up 900% from $0.05 to a high of $0.50. During the
historically market lite July 4th vacation week, the PPS
has retraced on a lower volume of trading down to a PPS of $0.12 by
$0.14. Mind you, this PPS is still over 100% higher than the where
it started 30 days ago. While a 900% increase is exciting, it’s
unlikely to continue without periodic profit taking. With big
swings up, one should expect big swings down. Even after a
big swing down, CIAU is still well in the profit zone after its
previous run. With the trading indicators signaling VERY
BULLISH, CIAU could well be preparing to run again. CIAU
could experience a number of big up and down swings until it finds
its sweet spot. This could be a great opportunity to profit
on the swings.
Ciao Group recently announced a refreshed business plan to
concentrate on developing locally sourced technology and
telecommunication services within frontier and emerging economic
markets. The Company is in the process of changing its name to
NuMelo Technology as part of the business plan refresh. The
Company has recently hired Henryk Dabrowski, the exiting CEO from
Alternet Systems, (ALYI)
to lead the Companies introduction of its own digital coin.
The Company has also engaged to assit North American Cannabis
Holdings, Inc. (USMJ)
in the introduction of a digial coin for the marijuana market.
http://www.wallstreetcornerreport.com/more-news/
https://twitter.com/WallStCornerRpt
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Apr 2024 to May 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about North American Cannabis Holdings Inc (CE) (OTCMarkets): 0 recent articles
More North American Cannabis Holdings, Inc. (PC) News Articles