Hypercharge Networks Corp. (OTCMKTS: HCNWF) has recently seen a considerable increase to its stock price. The HCNWF price went from $0.36 on the last day of March 2023 to over $2 only a week later, by April 6th. According to the YTD chart, the company’s price sat at $0.9935 earlier this year, on January 9th. After that, however, it saw a sharp decline which led it to the lowest point in 2023 so far — $0.27. The price first hit this level on March 13th.
After that, it saw a minor boost which took it to $0.479 later on the same day, March 13th. Unfortunately, this recovery did not last for very long, and the price once again saw a drop to $0.28 by March 17th. After spending a week at this support level, the price once again saw a mild increase which took it up to $0.3646. Unfortunately, a resistance level at $0.40 did not let the price progress further or even approach this level for the majority of March.
HCNWF did manage to get close to this level several times as the month came to a close, including on March 29th, 30th, and 31st, when it came close to it or even managed to touch it for a brief instant before it got rejected.
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Things took a dramatic turn for HCNWF as April kicked off, with the price suddenly skyrocketing in the first several days of the month. Between March 31st and April 4th, the price went up from $0.36 to $1.53. Along the way, HCNWF encountered several resistance levels which slowed down its growth but were eventually broken. However, after hitting $1.53 on April 4th, the price was rejected, and it dropped down just below $1.
Fortunately, it managed to bounce back up, only to be stopped again by a resistance at $1.35, which even caused a mild correction to $1.13. Following this, HCNWF once again surged, this time going to its new YTD high at $2.08 on April 6th. The sharp increase made the resistance at $2.1 reject the price before it could reach this level, and it first dropped to $0.174, and then it bounced back up to $1.89, which is where it closed last Friday.

Hypercharge Networks Corp. (OTCMKTS: HCNWF), founded in 2018, has seen growing success over the years as interest in electric vehicles continued to grow worldwide. The company’s co-founder and CEO, David Bibby, said in December 2022 that he is optimistic about EV adoption, especially about Canada’s zero-emission goals, although there is still a need for public chargers and broader education.
Commenting on EV adoption, he said:
I would just classify this as early days. Most Canadians still don’t drive electric vehicles, and I talked to a lot of them in the U.S. too. (Drivers) don’t say, ‘I’ll never go back (to gas-powered vehicles).’ Others will say, ‘I’m not sure yet.’ So part of our role is to educate as well become an authority in this space to educate our customers.
Many have picked up on the company’s growing success, including to Haywood Capital Markets’ analyst Gianluca Tucci, who said that Hypercharge Networks is one to watch. So far, Hypercharge’s stock has proven Tucci right, as it reacted quite well to some of the recent news and developments surrounding the company. The price reacted in February of this year when Hypercharge announced 110 EV charging stations requested by Cressey Development Group, and also to late-March reports that said that Hypercharge had supplied CHEK Media Group with six Level 2 charging stations.
This was followed by another announcement of a large order consisting of 128 Level 2 EV chargers, which Lark Group of Companies requested for its City Centre 4 development. The company did also hire advertisement services from several companies, which was something that it was questioned about by OTC Markets Group, or rather, it was asked to publish a statement that explains the advertisers’ recent promotional materials, which it did.
The firm stated that it entered into an advertising agreement with Gold Standard Media and its affiliates on March 14th, 2023 and that the deal will last for a full year, ending on March 14th, 2024. The advertisers were provided with publicly available materials and sources of information for the marketing materials, and all materials were reviewed by the company’s management prior to their dissemination. The company was able to confirm the factual accuracy of the materials, and it does not consider any such materials to be materially false or misleading.
https://twitter.com/AIStockTip/status/1642671980221714432
Hypercharge Networks Corp. (OTCMKTS: HCNWF) Is one of the leading providers of charging solutions for electric vehicles (EVs). It offers advanced turnkey technology to multi-unit commercial and residential buildings, as well as fleet operations and other sectors that are developing quite rapidly. Its mission is to increase the speed of EV adoption and help the world shift to a more carbon-neutral solution. As such, it provides seamless, simple charging solutions that can be operated by anyone. Hypercharge’s products are open, reliable, and flexible for the end-user’s convenience.
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Hypercharge Networks Corp. (OTCMKTS: HCNWF) saw a relatively slow performance closer to the start of the year, but the beginning of April more than made out for it. HCNWF saw a huge boost that led it quite high up, which is where it still remains, despite a strong resistance that has made itself known last week. Whether Hypercharge Networks’ share price will manage to beat this level and go further up or not remains to be seen. So far, however, the company’s shares have expressed bullish behavior, and it will be interesting to see what the new week will bring. We will be updating on HCNWF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HCNWF.
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