(NEW YORK)–The recent pullback in Crednology Holding Corp (OTCMKTS:COHO) share price Wednesday may offer traders the opportunity to enter this pending cloud computing play at a much more attractive price.
COHO stock has been on fire during the month of May on news of a pending acquisition of a cloud computing company, which is expected to close on or around May 31, 2018. Since this news was announced COHO has seen its stock price rise 1000% from $0.0002 to a high of around $0.0022 in recent trading.
Ludlow Research, an equity research firm out of New York City, issued an alert to their subscribers stating that any recent pullback in COHO price could offer a more attractive opportunity for traders looking to get into this cloud computing play.
The research firm made note that COHO impressive run up on high volume during the past month may have gotten a bit extended with the RSI hitting 80, and that the stock was overdue for a retracement back to retest key trendline support and moving averages.
In their opinion, any entry from $0.0009 to $0.0013, or just above the 20-day moving average, would offer a more reasonable entry point based as chart technicals. It’s their opinion the acquisition of the cloud company, which is expected to close around May 31st, and prospect for additional news in early June means that COHO story may only just be beginning.
Ludlow Research is expected to provide more detailed research report on this company following the acquisition through their investor mailing list at https://ludlowresearch.com/investors
According to OTC Markets, Crednology Holding Corp. currently has around 2 billion shares issued and outstanding, and is trader on the Over the Counter Market under ticker symbol “COHO”.
About Crednology Holding Corp.
Crednology Holding Corp, a Delaware corporation, is a public holding company that has been dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and profitable acquisitions.
The Company is engaged in the cloud computing segment of the technology sector as well as the Electronic Waste and Recycling business. The main products and services include cloud computing and virtual environment, disaster recovery and business continuity and managed services to corporate accounts as well as the recycling and disposal of E-Waste and other materials.
Essentially cloud computing is a way to save and/or access data from remote servers. The company’s Private Cloud solution provides fully working environment through our data centers located around the USA as well as real time redundancy and replication of the client’s data which will eliminate loss of data and minimize down time close to zero. Cloud computing is growing at a staggering pace. The industry is experiencing rapid growth with the cloud segment of business achieving a growth of over 20% per annum. E-Waste is also growing at a significant pace with double digit increases anticipated annually over the next few years.
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast at time of this alert was not compensated for this media alert. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.
Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.
- Data Elf Launches Online Network for AI and Data Science Programmers - January 20, 2020
- These Small Cap IoT Stocks Offer Real Upside Potential - December 3, 2019
- Orbsat (OSAT) Potential for Global IoT Data Provider Through Satellite Network - November 20, 2019
- Alpine 4 (ALPP) Stock Pulls Back After Major Run in Share Price - November 6, 2019
- GTX Corp (GTXO) Stock Offers Upside Valuation Potential as Wearable IoT Play - October 31, 2019
- Cannabis Stocks get Upgrade at Oversold Levels - October 10, 2019
- FDA Guidance on CBD Infused Products May Signal Bottom for Stock Sector - August 17, 2019
- Vectorspace AI (VXV) and ESTC Discuss Visualizing Alpha Utilizing Datasets and Canvas - August 8, 2019
- Vectorspace (VXV) Crypto Coin Big Uses for Quant Hedge Funds - July 1, 2019
- BioHemp (BKIT) Added to Watch List as CBD Distribution Play - June 28, 2019