By Jim Bloom Posted on December 23, 2018 ShareTweetShareEmailComments
Diego Pellicer Worldwide Inc (OTCMKTS:DPWW) has had an impressive year on the earnings front depicted by the second year of record-breaking sales. The stock, on the other hand, has not had the best of runs having shed a substantial amount of market share.
Diego Pellicer Price Analysis
However, things are starting to look up for the stock, as the company continues to deliver robust revenue growth. Investor’s sentiments in the stock have started inching higher depicted by high turnover in traded shares in the market.
The stock rising to six months high after underperforming for the better part of the year attests to a change in sentiments and prospects in the market. Diego Pellicer has since bottomed out and as it, stands, looks set to start 2019 on a roll, as it continues to recoup losses accrued in 2018.
A 600% rally in the month of December alone affirms the emerging uptrend as the stock continues to turn the page after one of the worst routs in the market. After the recent surge, the stock faces immediate resistance at the $0.60 level.