Despite having made a key announcement last week, the diversified technology company TPT Global Tech Inc (OTCMKTS:TPTW) saw its stock trading within a range this past Friday. In this regard, it is necessary to remember that stocks trading within a range can often break out strongly as well and hence, it might be a good idea to keep an eye on the TPT Global Tech stock.
Last week on October 13 the company announced that it had inked a joint venture agreement with India based Alpha Design Technologies Private Limited. As per the terms of the agreement between the two parties, TPT Global Tech is going to create TPT Alpha Design in the United States.
The joint venture agreement is related to a range of businesses in which Alpha is involved. The businesses in question include designing, business development, manufacturing and the operation of global projects. Some of the projects managed by Alpha include telecom, smart cities, aerospace and also space satellite systems. TPT Global Tech is going to collaborate with Alpha and set up a subsidiary in the United States under the terms of the agreement. It remains to be seen if the TPT Global Tech stock can make a move this week.
