TAOP trade ideas
$TAOP STRONG CLOSE!!! ;) -Traded this in the morning on friday but this failed to breakout that $4.25 wall that's #1 so the momentum is there but volume needs to kick in
-As we closed on friday we had a very strong close and candles like these don't get left hanging
-Tis is very strong resistance think of it like a rubber band the more you test its resistance the more it will shoot.
-This has massive potential you now the worse that can happen is that this is a pull back to more lows... set a tight stop play smart... theres basically no loss as long as you manage it correctly
TAOP: Bullish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Cons:
Gap may get filled anytime.
Target:
PT = 20.92$
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$TAOP Enters into Blockchain Deployment Consulting AgreementTAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment
$TAOP announced today that the Company has entered into a consulting agreement (the "Consulting Agreement") with Great Bay Capital Investment Limited ("Great Bay").
Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term effective February 19, 2021. Great Bay will provide various consulting services including the following:
Provide the Company with business development services focused on blockchain and digital assets (such as Bitcoin, Ethereum, etc.) investment opportunities.
Introduce TAOP to potential investors for strategic investment.
Introduce potential M&A targets in blockchain industry, and assist TAOP in completing relevant due diligence work and propose M&A plans.
growing market demand for digital assets such as Bitcoin, maturity of advanced solutions, and improving regulatory clarity present considerable market opportunities. It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin.
In consideration for the services to be provided by Great Bay, the Company agreed to issue to Great Bay a warrant (the “Warrant”) within 7 days after the execution of the Consulting Agreement for the purchase of 1,000,000 ordinary shares of the Company, exercisable at $3.50 per share (subject to adjustment) at any time prior to the 181st calendar day after the date of issuance. The Warrant can only be exercised for cash.
finance.yahoo.com
$TAOP: SmlCap play - Potential 75-170% upside from today's closesee easy and self explanatory boxes on chart for Entry, Exit and Stop loss zones. Never chase any stock.
Not for any recommendation, Just an Idea. Like it >> Click 👍/comment, and follow.
I closed 3 trades today (SOS - 22% in 15 days, SUNW - 62% in 7 days , OGEN -55% in 1 day)
TAOP broken the falling wedge - MACD crossed up!Looking at the chart, it seems that NASDAQ:TAOP has broken a huge falling wedge. Also, bullish divergence is present on monthly MACD as well as bullish cross over on monthly MACD.
Please take a look also my other analysis published on the 8th of December.
Happy to hear what do you think!
Upgrades Taoping Smart Cloud Platform to Expand its BusinessTAOP Upgrades Taoping Smart Cloud Platform to Expand its Business
has upgraded its Taoping Smart Cloud Platform and put it on the market.
Taoping has cooperated with Baidu, JD.com, Ali UMeng, ZMT Smart Screen and several other heavy-weight DSP and ADX platforms.