July 28, 2020 -- InvestorsHub NewsWire -- via NextBigTicker -- 


Alternet Systems, Inc. (USOTC: ALYI) is rated a BUY today by AmericanBulls (americanbulls.com/ALYI). Yesterday, the company released a confirmation on its electric delivery vehicle for the Sub Saharan Africa market following up on recent news regarding the production of its proprietary ReVolt Electric Motorcycle.

AmericanBulls.com

“Our system’s recommendation today is to BUY. The BULLISH HAMMER pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.0109, and our valid average buying price stands now at 0.0110.”

“The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.” 

Technical indicators are very strong in support of a dramatic share price increase from its current $0.01 level.  The current price per share (PPS) is a breakout past both the 50 and 200 Day Moving Averages (MA).  The 50 Day MA recently crossed above the 200 Day MA adding to the PPS momentum. The average 30 day trading volume is over 50 million.  The 52-Week High is just shy of $0.02.  A close above the 52-Week High turns this technical locomotive into a technical juggernaut.  A recent institutional investment in ALYI at $0.05 is a strong indicator the PPS is ready to run to $0.05 and potentially higher.

On June 30, 2020 ALYI entered into a letter of intent (LOI) for a $25 million first tranche investment at $0.05 per share to fund ALYI's overall $300 million electric mobility initiative in Africa.

The planned ALYI investment is one component of the investor's overall $100 million initial cryptocurrency offering (ICO) strategy. The investor has already partitioned a cryptocurrency on the Ethereum Blockchain in advance of the planned ICO.

The company plans to release a video presentation on Friday, July 31, 2020 providing more details on the companies $100 million investment strategy.

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This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Source: www.nextbigticker.com

Other stocks on the move include PPCB, BYOC, and BTSC.
 

SOURCE: NextBigTicker

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