Alternet Systems, Inc. (OTC Pink: ALYI) stock looks extremely attractive at these levels. Helping the bullish sentiment is a consolidating share price that has kept shares in a relatively tight range since the middle of last month. That churn is producing a bullish set-up with technical indicators starting to suggest an imminent move higher. That was true on Monday, with the stock closing near its high of the day at $0.08 on volume that exceeded 17 million shares.
The 3% gain on Monday is a part of a more than 81% increase since the start of February, helped by traders’ bullishness ahead of expected near-term catalysts. For sure, investors responded very well to ALYI’s update, confirming it is on schedule to deliver 2000 of its ReVolt EV motorbikes to the Kenya market later this year. Those bikes should pave an entry to the potentially lucrative African rideshare (boda boda) market. Investors were also inspired by a “sneak peek” video of the ReVolt EV motorcycle in action, causing shares to surge 19% intraday after the video highlighted design features of the EV bike.
The excellent news for ALYI is that its first potential catalyst is nearing. And it may coincide with a technical chart that is set up for a bullish run. The chart shows that a break through the $0.11 level could ignite a rally and send shares back toward their high of $0.20 made in February. And with the move likely news dependent, ALYI could hit that mark on several fronts.
In fact, with ALYI actively advancing multiple partnerships and initiatives, value-generating news could come sooner rather than later.
Video Link: https://www.youtube.com/embed/rALOyWApnrU
Partnerships With iQSTEL, Inc. To Build An EV Ecosystem
The first could come through its partnership with iQSTEL, Inc. (OTC: IQST). The two have several projects in play. The first is a collaborative mission to create new battery designs that could be technological game-changers in the sector. The innovative features utilize HD thin-film technology in one and industrial hemp in another. Both are expected to produce an end product that is more durable and with longer-lasting power than current EV battery options. That market could be huge.
The two are also working on a project to implement software and communications technology that integrates geolocation, battery management, theft and accident interfacing with EMS, and remote maintenance management. The encompassing system is designed to support vehicle body and component leasing management, driver and passenger personal mobile interface, and a rideshare interface to benefit an expanding market. ALYI said it thinks the system could have broad appeal in the EV sector, generating business from even its competitors.
News on either of those programs could generate a spike in value.
IQSTEL, by the way, posted $44 million in sales last year and is on pace to do $60 million this year. Thus, they are good to have on the team.
RevoltTOKEN Is A Game-Changer
RevoltTOKEN could also cause a massive surge in the share price if it provides a bullish update on sales. RevoltTOKEN, the company’s financing arm, expects to invest upwards of $100 million in the next 12-months. That would allow ALYI to fund all bike production and build out its planned EV ecosystem.
The token launched last month, and investors were given an update that the token sales were “gaining steam.” Undoubtedly, if sales of tokens gain investor interest, ALYI would be transformed overnight. It would particularly position the company to build a massive infrastructure, target multiple EV sector markets, and carve a sizeable competitive slice in the African boda-boda markets. Further, dedicated funding to ALYI would immediately remove a cloud of uncertainty about future ALYI initiatives. In short, it’s a game-changer for ALYI.
An update on the pace of sales and its impact on ALYI is likely to come this month. If all goes as expected, it’s best to be on the long side of the trade.
Year To Date Gain Of 645%
Obviously, investors are liking what they see. Since January, ALYI shares are higher by more than 700%. The run is supported by updates, especially its demo video, showing ALYI is getting close to delivering on its first of several potential near-term catalysts. Investors may also finally be giving the deserved value from its deals with IQSTEL, Inc.
Moreover, ALYI’s plans to host an EV Symposium as a global showcase of everything EV could contribute to additional gains beyond those from a production-status update. Better still, while the prospects are good now, they are likely to get better in the coming quarters.
Thus, at $0.08 per share and with at least three near-term catalysts in play, ALYI is extremely attractive at these levels. Moreover, with the stock churning through resistance and chewing up shares at the $0.08- $0.10 level, shares could jump on the next round of news. Therefore, while longer-term investors enjoy enormous YTD gains, new shareholders could still earn more than 100% if the markets firm, pushing ALYI back toward its February highs. Remember, too, ALYI is in the EV industry and generally follows the sector higher. In fact, ALYI’s chart is similar to Tesla’s (NASDAQ: TSLA).
Alternet’s Q2 could be full of surprises. Investors expect that ALYI will deliver a powerful catalyst in June with ReVolt production. That could cause a massive spike in share price. However, other catalysts may be close behind. Updates about iQSTEL deals, news from RevoltTOKEN, development progress on its EV ecosystem buildout, and technical advances made through its partnerships are all in play during the first half of the year.
Thus, considering a purchase with a buy and hold strategy could be wise. Keep in mind, the stock moves quickly on volume and with news expected on several fronts, considering a position would be appropriate sooner rather than later.
Disclaimers: Hawk Point Media is responsible for the production and distribution of this content. Hawk Point Media is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by Hawk Point Media is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall Hawk Point Media be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by Hawk Point Media, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Hawk Point Media was compensated three-thousand-five-hundred-dollars by wire transfer to produce research, video, email, newsletters, and editorial commentary for Alternet Systems, Inc. by a third party. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Hawk Point Mediastrongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D.
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.