Social Life Network (WDLF) Extends Rally Without Any News: Will It Sustain?

The Social Life Network Inc (OTC: WDLF) stock had been gaining momentum for some days and on Monday, the stock seemed to have finally broken out with a strong rally.

Social Life Network (WDLF) Extends Rally Without Any News: Will It Sustain?

On Monday, the Social Life Network stock soared by as high as 24%, and considering the magnitude of the gains made by the stock, it could be a good idea for investors to take a closer look at the company. There was no news on Monday that could have resulted in the rally but investors could keep in mind certain developments from back in December 2020. The company has been working on the launch of a new social media network that is going to be centered around cannabis and in December 2020, the company got a significant boost.

In December 2020, it was revealed that both cannabis resin and cannabis could be excluded from Schedule IV of the 1961 Single Convention of Narcotics Drugs. The United Nations Commission is working on such a course of action and hence, it was no surprise that the Social Life Network stock soared. Investors could track the price action in the stock this week.

Emile Ortega

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.