I know we saw a strong day today but here it is at a frequent technical level it has had a hard time breaking above before. Can it do it again?
This is where we’ve seen stocks like LLKCOLLKCO surge this year. If you look back at the start of 2021, the penny stock was trading around $0.70 and ended up rallying as high as $3.86 last month. Similar to many stocks, Luokung shares slid during the second half of February. This was mainly in response to a $100 million financing round the company formally closed on February 22nd.
Luokong is a big data processing company designing location-based services for customers in China. Its Luokuang and Superengine brands provide spatial-temporal big data via PaaS, SaaS, and DaaS services. While things like the “Internet Of Things” has captivated tech traders, there’s something else going on with LKCO that has traders’ attention right now.
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