Plurilock Security Inc (PLUR.V) is a Canadian identity-centric cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.
This customer currently operates across North America, Asia and Europe as well as Oceanic countries. According to the terms of the contract, the Customer has renewed its subscription for the cloud security functionality of the Plurilock platform.
“This contract renewal with an international organization bodes well for Plurilock’s global sales strategy for our flagship product,” said Ian L. Paterson, CEO of Plurilock. “Moving forward, we aim to continue securing more contract renewals for our high-margin technology offering to ensure high customer retention.”
This continues the release of positive press releases. Recent weeks has seen Plurilock announce:
A purchase order for the company’s flagship cybersecurity platform from a US Credit Union.
A purchase order for the company’s flagship software program from a US financial institution.
Seven new California Multiple Award Schedule contracts.
And a three-contract renewal for its cybersecurity platform with Muthoot Finance Ltd.
The stock continues to move the way I have highlighted for readers. The breakout is still in play as long as we hold above $0.17. $0.25 is the next resistance zone to be tested, and a breakout above this zone just continues the new uptrend.
The trajectory might not be straight up right away. As you can see on the right of my candles, I have outlined the typical breakout trajectory. There is a chance that the price could pull back first as some traders/investors take profits. Just as we are seeing now, and this is completely normal. On a breakout, price tends to pullback down to the breakout zone which sees buyers step back in. A retest of $0.165-$0.17 could happen which would give us a higher low to take us to $0.25.
