$TPTW Readies Potential Cup-w-Handle Base Breakout

TPTW is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS).

TPT has created a new division, TPT MedTech, which will seek to implement health-based solutions which seek to integrate our telecommunications technologies.

TPT Global Tech Inc (OTCMKTS:TPTW) recently partnered with Allstar Health Brands Inc (OTCMKTS:ALST), as noted above, to deliver their QuickLab solution. This is going to be a regular part of life for a while, and these two companies are moving into a strong market position.

The stock has suffered a bit of late, with shares of TPTW taking a hit in recent action, down about -5% over the past week. Shares of the stock have powered higher over the past month, rallying roughly 50% in that time on strong overall action.

TPT Global Tech Inc (OTCMKTS:TPTW) generated sales of $2.8M, according to information released in the company's most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of -10.4% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($109K against $31.5M, respectively).