Yesterday, TGI Solar Power Group, Inc. (PINK:TSPG) had a very weak trading with a generated volume of only 120 thousand, which is 19 times lower than the daily average. At the same time, no movement was detected in the share price which remained the same as the previous close throughout the whole day.
In fact, TPG stock has been consolidating for some while after the deep plunge which took place in June. The stock now pivots around the $0.001 line which was a support for the stock in Jul but has subsequently turned into a resistance.
In the last couple of weeks, the trading volume ostentatiously diminished, which can explain why TSPG has been lacking the power to penetrate its resistance at $0.001.
However, a new promotion of the company was detected by our radar, which means that certain parties will try to bring more market awareness to the stock. After the end of the last session, a newsletter form OTC Reporter arrived. The promoter indicates a possible bounce of TSGP stock.
The disclaimer revealed that a non-affiliated third party has ordered the campaign by paying $86 thousand to the promoter. Therefore, the objectivity of the trade alert made by OTC Reporter can be questioned.
Investors will have to ask themselves what the aim of the promotion is. If the third parties plan to dump their shares by the help of the paid promotion, then the possibility for a bounce by TSPG stock is nothing but a chimera.
