FogChain Corp (OTCMKTS:FOGCF) is a relatively new issue for traders to consider. The stock has been volatile during price discovery, but the company is making rapid progress with its strategic and operational objectives. Among the most impressive is its recent announcement in September that its rapid application development platform, RadJav, finalized its integration with Googles Chrome DevTools (CDT).
According to that release, “FogChain, a next generation software development, testing and deployment solutions provider, previously acquired RadJav which provides developers with rapid application development tools and resources for the creation of mobile and web apps, smart contracts, and dApps to be used across all major operating systems and devices on a unified platform. RadJav has completed the integration with Chrome DevTools – a set of web developer tools built directly into the Google Chrome browser.”
FogChain Corp (OTCMKTS:FOGCF), currently trading at a market capitalization of $21.74M, frames itself as a software development platform that enables companies to deploy apps on various platforms in Canada.
It offers RadJav development engine that enables developers of various kinds and skill levels to create desktop, mobile, and HTML5 applications using the same code; and RadJav Blockchain, which provides a seamless environment to build and deploy applications across the Web, desktop, or any mobile device.
The company is based in Vancouver, Canada.
According to company details, “FogChain (OTCQB: FOGCF; CSE: FOG) is a fully integrated, end-to-end software development life cycle (SDLC) and quality assurance solutions provider. Combined with a decentralized Fog (edge network) and high-performance application development platform, FogChains suite of services and technology provides application development at scale with greater speed, efficiency and at a lower cost. With the recent explosive demand for more edge computing and security within the Micro-Service, IoT, mobile data and driverless vehicle space, FogChain’s Build-Once Deploy-Everywhere software architecture provides developers with a suite of tools and resources that bridges devices, operating systems, and the ability to build and launch exciting new applications in a unified environment. Led by a team of Cloud and SaaS veterans, FogChain is uniquely positioned to be a leader in the next superwave of the $500 billion software development market.”
As noted above, FOGCF just announced that its rapid application development platform, RadJav, finalized its integration with Googles Chrome DevTools (CDT). This could have huge implications.
Nathanael Coonrod, the founder of RadJav, stated, “Integrating with the Chrome Developer Tools is just another step to help ensure we’re creating the very best user experience and capabilities for developers using the RadJav platform.” Mr. Coonrod further stated, CDT is considered a leading industry standard for developers, and felt it was one of the best tools to integrate with Radjav to support our continued growth.”
Note that shares are still clearly in a price discovery phase, but the most recent action suggests strong indications, with an attempt to break down and test or undercut the $0.20 level was roundly rejected by bidders, who jumped on the opportunity and powered the stock back sharply higher in Thursday’s action.
That pivot in price action now sets the stage for a potential retest and check of range resistance in the $0.30 area, possibly setting up an ensuing breakout higher if the stock continues to find new traction as volume and attention pick up.