HUMBL Inc (HMBL) Stock Consolidates After the Rally: How Far Will It Go?
Not too long ago, the HUMBL Inc (OTCMKTS:HMBL) stock had hit a new low but it has recovered strongly and has now rallied by more than 100% from those levels. However, it was not a particularly great time for the HUMBL stock this past week.
During the course of the week, it declined by as much as 8% although there was no news about the company. Last week, HUMBL had been in focus among investors after it announced that it completed the acquisition of the Latin America based ticketing platform Tickeri Inc.
The acquisition was completed in a deal worth $20 million, that was made up of stock and debt. This is an important acquisition for HUMBL since through this platform it will not be able to provide Latin American customers with not only ticketing services but also mobile payment services and peer to peer remittances among others. Despite the decline this past week, HUMBL is a stock that could be kept in the watch lists.
|+/- EMA(20)||1.42 (+0.00%)|
|+/- SMA(50)||1.72 (-17.44%)|
|+/- SMA(200)||1.42 (+0.00%)|