Yesterday, Takedown Entertainment, Inc. (OTC:TKDN
, TKDN message board
) put on what seems to be one of its best recent market performances unleashing a brand-new paid advertising campaign
in support of TKDN today.
Closing trade at $0.026, TKDN edged up $0.0059, or 29.35% in comparison with its previous close.
More than 250 thousand shares changed hands, up 54% from the daily average trading volume for the last 30 days.
Today, half an hour into the session, TKDN has already shot up 34% and shifted in excess of 1.1 million shares of common stock. Obviously, this is due to the newly launched paid promotion worth a total of $21 thousand which commenced last night flooding investors' mailboxes with advertising emails.
TKDN's last few positive movements occurred after the company hit a six-month low of $0.013 per share on Apr. 2. In this respect, TKDN struck back before hitting the oversold zone as indicated by the RSI.
Provided that the promotional campaign continues to boost the market value of TKDN in the next few hours, the company's shares could stand a great chance of crossing the MA(50) line. If such a scenario should occur, it could signal the beginning of a new upward trend for TKDN.