At this moment, LRSV is trading above 3 key lines of potential support:
- 20-Day Simple Moving Average
- 50-Day Simple Moving Average
- 100-Day Simple Moving Average
Why is this important? When a profile trades above these 3 lines, traders may gain confidence from these levels holding as potential support for a continued vertical move.
RSI is above 50 (55.35). A movement above 50 indicates that more traders are buying the asset than selling, and are driving the price up.
According to the OTC Markets, LRSV has 100,088,048 float.
Why a low float is that important? It’s important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
The more potential support builds up, the more possibility for a vertical move up. Could this signal growing confidence in a return to previous highs?
After the company has released a few press releases recently that could start generating some serious attention, this past champ could be on the verge of making another vertical surge.
- Link Reservations Inc./LinkResPet (LRSV) Preparing to Launch Its 2nd Mushroom Wellness Product Aimed At Stress & Anxiety For People
- Link Reservations Inc./LinkResPet (LRSV) to start accepting Bitcoin/Crypto payments
- Link Reservations Inc./LinkResPet (LRSV) to Start Selling CBD Products on Amazon US
- Link Reservations Inc./LinkResPet (LRSV) Boosts Selling Activities Through New SupplierGATEWAY Presence
- Link Reservations Inc./LinkResPet (LRSV) CBD Product for Dogs Now Back in Stock Following Biggest Sales Quarter Yet
Earlier this year, LRSV exploded to highs currently over 300% higher than they are trading at during thursday’s session. Now, I’m not saying that LRSV is going back to that high tomorrow, but between all of the company’s recent positive news along with their bullish technical indicators, it’s definitely a stock to watch closely this summer.