DRGV Stock: A Penny Stock On The Rise – Penny Stocks Today


Hype has been regularly construction round DRGV inventory for the previous few weeks. Dragon Capital Group Corp. (OTC: DRGV) is a protecting corporate with rising generation enterprises which conducts industry in China thru its subsidiaries. DRGV has been operating to discover a merger candidate and in anticipation of the impending opposite merger, buyers have pushed DRGV top off 180% over the past month.

Catalysts

To accelerate the merger procedure, DRGV introduced on merger professional – Carren Currier – as the corporate’s marketing consultant. Well-known within the OTC marketplace global, Currier is a vintage merger marketing consultant whose paintings automatically produces nice effects for shareholder like with ILUShandjob ETEKhandjob KRFG, and extra.

At the instant DRGV is red restricted as all related filings had been finished and the corporate is predicted to turn into red present very quickly. The corporate will most probably announce its merger candidate as soon as it turns into present with the OTC Markets – leaving many buyers eagerly looking forward to those two catalysts.

DRGV is a holding company focused on rising generation enterprises and incubating get started up corporations. However, its primary center of attention is said to tool answers and pc gross sales. DRGV additionally gives consulting services and products for M&A, corporate valuations, and expansion methods.

While the corporate has no longer launched professional information referring to its merger, buyers are in particular bullish on DRGV due to its share structure. The corporate has an up to date drift of round 2 billion stocks and its CEO – Yunxia Li – owns 31.8 billion common inventory stocks or 86.5%. DRGV inventory has an AS of fifty billion and OS of handiest 36.8 billion. Therefore, this can be a very bullish signal for buyers who’ve began choosing up at the inventory’s above moderate quantity over the previous couple of days.

Whatever sector DRGV’s merger candidate is in, DRGV makes an excessively interesting goal as this is a blank shell with none debt. With this in thoughts, DRGV inventory is one to look at within the days forward.

@mn_goat_trader has been alerting DRGV because it used to be at $.002 – GOAT

When you have got @AlexDelarge6553 and @mn_goat_trader at the identical ticker its excellent…

Technical Analysis

DRGV stock chart

DRGV hit its very best worth this month, forming its resistance at .0048. DRGV inventory is these days buying and selling at $0.0043 with a number one fortify at .0031 and a secondary fortify at .0027. Accumulation has been trending upward with a up to date spike that driven the RSI to 70 prior to correcting to 59.16 The MACD had a bearish crossover at marketplace shut on October twenty first.

Should You Buy?

As anticipation builds for DRGV inventory, this merger play is prone to rocket after the corporate turns into present and releases merger information. However, DRGV’s longer term worth is also questionable taking into account the dangers related to corporations working beneath the PRC’s keep watch over. In the fast time period, DRGV is a possible play as its catalysts play out. In the run, DRGV inventory may just simply wreck its 52 week prime of $.0048 or even hit $.007 within the rush.

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