ABQQ - Cup & Handle Breakout Opportunity
Updated
ABQQ seems to be breaking out of a cup-handle pattern formation on the weekly chart.
Companies' stream services seem to be China's attempt in creating the next Netflix for the Chinese market. Refer to the below link regarding the PR announcement dated 12/29/20 for their launching of video streaming services.
Be on the lookout for positive PR coupled with a large volume to support an upside run.
globenewswire.com/news-release/2020/12/29/2151311/0/en/AB-INTL-GROUP-Announced-Official-Launch-Video-Streaming-Service-ABQQ-tv.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
Companies' stream services seem to be China's attempt in creating the next Netflix for the Chinese market. Refer to the below link regarding the PR announcement dated 12/29/20 for their launching of video streaming services.
Be on the lookout for positive PR coupled with a large volume to support an upside run.
globenewswire.com/news-release/2020/12/29/2151311/0/en/AB-INTL-GROUP-Announced-Official-Launch-Video-Streaming-Service-ABQQ-tv.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
Trade active
Took some profits at $0.09 for a 1,000% return.Still holding a position in ABQQ. The next Target is $0.17.
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