ABBQ 1HR Chart Analysis:
(1) Steady trading inside a symmetrical triangle pattern since their movie launch on 01/22.
(2) Announcement of $1.1M USD revenue within 12 days of movie launch in China theaters nationwide.
(3) RSI cooldown since 1200% runup, great setup for another leg up.
Price Targets:
(1) Bullish Case - Breakout above $0.12
Target #1 = $0.22
Target #2 = $0.30
(2) Bearish Case - Breakdown below $0.07
Target #1 = $0.045
Target #2 = $0.035
globenewswire.com/news-release/2021/02/03/2169223/0/en/AB-INTL-GROUP-Announces-Its-Film-Love-Over-the-World-Hits-USD-1-Million-Box-Office-of-Screen-12-Days.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
(1) Steady trading inside a symmetrical triangle pattern since their movie launch on 01/22.
(2) Announcement of $1.1M USD revenue within 12 days of movie launch in China theaters nationwide.
(3) RSI cooldown since 1200% runup, great setup for another leg up.
Price Targets:
(1) Bullish Case - Breakout above $0.12
Target #1 = $0.22
Target #2 = $0.30
(2) Bearish Case - Breakdown below $0.07
Target #1 = $0.045
Target #2 = $0.035
globenewswire.com/news-release/2021/02/03/2169223/0/en/AB-INTL-GROUP-Announces-Its-Film-Love-Over-the-World-Hits-USD-1-Million-Box-Office-of-Screen-12-Days.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
Nota
Update: News (02/04/21)Chiyuan Deng, one of two CEO & Directors of ABQQ, purchased 500,000 shares for $42,000 yesterday increasing his position by 30%. Insider ownership currently sitting at 169,220,000 shares (130% when compared to outstanding shares).
sec.gov/Archives/edgar/data/1605331/000166357721000044/xslF345X03/ownership.xml
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.