It was only on January 13th that FDCT hit $.60. A bounce back to those levels would provide FDCT with a massive triple-digit move from current levels.
I'm not saying we're going to see a huge move back to $.60 Wednesday, but you need to be aware of FDCT's potential upside.
After this recent downtrend, could a healthy reversal be in the picture? Here's Investopedia's definition of a reversal:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
You'll need to watch FDCT closely Wednesday.
----
No. 2 Potential FDCT Driver Indicator - Co-Marketing Agreement News
FDCTech enters Co-Marketing Agreement with Kammas Trading
Irvine, CA, Jan. 06, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of FX and Crypto technology and business solutions, today announced that Kammas Trading, which has managed risk for brokers for over 15 years trading aggregate monthly flows above $50Bn has partnered with FDC to provide a collective offering to include the full suite of technology and dealing desk solutions to forex brokers.
[...]
Kammas' CEO and Founder, Carl Elsammak, an FX dealing desk and risk manager since 1990, said, "We are excited to actively co-market our respective capabilities to the various forex market participants, which ranges from professional traders to forex brokers to banks. FDC has software capabilities to build state-of-the-art complex trading software most cost-effectively."
FDC's Chief Executive Officer, Mitchell M. Eaglstein, stated, "This co-marketing agreement aligns with our strategy of bundling our technology capabilities with Kammas institutional risk management services. This partnership will have a meaningful market impact as we are providing our clients with a one-stop-shop for all the trading technology solutions and dealing desk services."
Read the full article here.
No. 3 Potential FDCT Driver Indicator - December's Big News
IS Prime Offers Liquidity Via FDCTech's Condor FX Pro Trading Platform
Irvine, CA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of FX technology and business solutions, today announced that IS Prime, part of ISAM Capital Markets, has partnered with FDC to extend its liquidity distribution to the innovative Condor FX Pro Trading Platform.
Condor FX Pro Trading Platform is FDC's flagship product. It provides a complete trading suite for retail brokers, fund managers, and traders with proprietary charting tools, advanced order types, level II pricing, multi-tier margin management, and regulatory reporting tools.
Read the full article here.
-----
No. 4 Potential FDCT Driver Indicator - More December News
FDCTech teams up with GC Exchange Limited to provide 24/7 institutional liquidity and trading technology infrastructure to FX and Crypto Brokerages
Irvine, CA, Dec. 10, 2020 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of FX technology and business solutions, today announced that GC Exchange Limited, doing business as 'GCEX' has partnered with FDC to provide 24-hour crypto trading and tier 1 FX and crypto liquidity using FDC's Condor FX Pro Trading Platform, a fully customizable trading platform compared to legacy off-the-shelf trading platforms. GCEX is authorized and regulated by the Financial Conduct Authority, FCA (FRN 828730).
FDC's Condor FX Pro Trading Platform covers the whole spectrum of needs of any FX or Crypto Broker. Firstly, it can be deployed as an off-the-shelf trading platform to enable FX and Crypto brokers to become fully operational within days. Secondly, it allows for the platform's full customizability from the back-end configurations to the front-end user interface to other structural adjustments, thus eliminating several third-party technology vendors' requirements. Coupled with GCEX liquidity, Condor FX Pro Trading Platform provides a 24-hour trading environment 7-days a week for crypto and forex traders.
Read the full article here.
-----
No. 5 Potential FDCT Driver Indicator - Low Float
According to Yahoo Finance, FDCT has a small float.
The website reports this profile to have 15.95Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
-----
More About FDCTech, Inc. (FDCT)
With a full suite of FX and Crypto technology and business solutions, FDCTech, Inc. (FDCT), the company’s flagship product is the Condor FX Pro Trading platform, which is a fully customizable multi-asset trading platform for forex, crypto, sto-cks, and commodities.