ALYI Share Price Consolidation Building Toward Potential Breakout On News
May 31 2018 - 12:58PM
InvestorsHub NewsWire
New
York, NY – May 31, 2018 – InvestorsHub NewsWire -- Alternet
Systems, Inc. (USOTC: ALYI) recent trading displays multiple technical signals indicating strength
behind the current PPS. The ALYI share price has seen a 100%
increase over the last month followed by two weeks of steady
trading at the current level. The share price consolidation
slightly below recent highs could be a good entry point for a
potential breakout on any of a number of anticipated news
triggers. Recent analyst
research has rated ALYI a “speculative-buy”
with a target PPS of $0.09. ALYI has an
electric motorcycle pilot in process and forthcoming news on the
pilot progress could trigger a PPS breakout. ALYI has also
announced an upcoming shareholder dividend and progress on the
dividend could also trigger a PPS breakout. ALYI continues to
make business development progress in the defense sector with its
first revenue having been recently reported and an announcement on
a defense sector milestone could be trigger a PPS
breakout.
The
cannabis sector is getting attention these days with big valuations
for cannabis companies with business strategies tapping into
Canadian recreational legalization. Cannabis companies making
the news include North American Cannabis Holdings (USMJ), Cannabis
Science (CBIS) and HEMP (HEMP).
Disclaimer/Safe Harbor:
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
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