Shares of Touchpoint Group Holdings Inc (OTCMKTS:TGHI) pulled back in the previous trading as investors booked profit at higher level.
Trading Data
On Friday, TGHI stock slumped 28.50% to $0.0300 with more than 36.24 million shares, compared to its average volume of 6.44 million shares. The stock has moved within a range of $0.0262 – 0.0421 after opening trade at $0.0421.
Major News
Media and digital technology holding firm, Touchpoint Group Holdings Inc (OTCMKTS:TGHI) announced that the AIR RACE subsidiary had a training camp for the intake of AIR RACE World Championship competitors at an airfield base in Sywell, UK. The five-day training camp, featuring both actual AIR RACE as well as simulated components, was held with special aviation authority clearance for low-level operations.
Race format developed by Red Bull originally, AIR RACE World Championship was founded in 2003 and hosted 94 championship series races globally. It has allured over 230 million viewers in more than 187 countries registering 2.3 billion media impressions.
The company plans to harness expertise in audience engagement through application development for enhancing the audience’s experience. AIR RACE World Championship will be moving further on the legacy created by Red Bull Air Race and will deliver the world’s most thrilling and pioneering global sporting events focusing on innovation, clean energy, and future tech.
While the season commencement will take place in May 2022, the 7 races will take place throughout 2022 in iconic locations such as Russia, Egypt, Portugal, Greece, the United Kingdom, Indonesia, and the Middle East.
Touchpoint also confirmed the appointment of AI Venturetech as a strategic advisor for assisting in the development of Aerial Mobility Research Lab in next-generation transportation technologies.
Through the partnership, it will oversee joint development for advanced aerial-mobility technology research division, focusing on areas of electric-powered aircraft, electric vertical vehicles as well as personalized jetpacks.
Technical Data
TGHI stock is trading in the oversold zone with RSI at 58. The stock has pivot supports at 0.0074, 0.0168, 0.0234 and resistances at 0.0394, 0.0488, 0.0554. The stock is up 136% in the past 3-month.
