$ABQQ CEO Buys another 151 Million Commons Now Owns 14% of O/SHello fellow followers I'm back after a Year and a half hiatus! The markets are pumping again finally in the OTC and Crypto and its time to get back to work and make that money!
My first long term swing trade is OTC:ABQQ
The CEO filed a form 4 today stating he bought an additional 151 Mil commons which puts him owning about 14% of the outstanding commons of OTC:ABQQ which means he's thinking long term and knows what is coming.
Best part about all this though is that he cant sell! SEC rule 144: Min 6mths to 1 year for insider transactions or 5%+ ownership filers = The 151M & 225M from October shares are completely LOCKED.
Now I can write a 50 page essay with all the DD, but I have other things to do today. Just wanted to update you guys quickly before this thing starts to really take off.
Remember $TSNP? Multi-Dollars? Or more recently OTC:CRCW ? 1,000% in a few days? (Although CEO diluted it to shit there.) Same principal here all started with the CEOs buying a ton of supply.
However we have a shit ton of DD and news to back it up here as well:
investorshub.advfn.com
investorshub.advfn.com
investorshub.advfn.com
investorshub.advfn.com
investorshub.advfn.com
Visit the above links for more DD! And Happy Trading!!!
ABQQ trade ideas
ABQQ - RSI DivergenceABBQ Analysis:
(1) As of July 2020 company announces its North America operation offices will be opening in October 2020. The North America operation office
will be located in New York City, and will be headed by the Chief Investment Officer, who will be recruited in NYC.
(2) As of December 29, 2020 company announces the official launch of its highly anticipated video streaming service targeting tens-billion
dollar and the growing video streaming industry.
(2) $1.8M USD revenue generated from their movie launch in China theaters nationwide. This excludes revenue made from the
Chinese New Year which has yet to be announced.
(3) As of February 16, 2021, on the fifth day of the Chinese New Year, China's 2021 cumulative box office revenue had
surpassed $10B RMB equivalent to $1.5B USD.
(4) As of February 18, 2021 company announces acquiring a full interest in the completed film “Our Treasures”. Currently targeting
screening of the movie on cinemas nationwide in April 2021
(5) As of February 24, 2021 company appoints Jimmy Chue as chief investment officer.
Price Targets:
(1) Bullish Case - Breakout Above $0.20
Target #1 = $0.35
Target #2 = $0.50
(2) Bearish Case - Breakdown Below $0.10
Target #1 = $0.08
Target #2 = $0.06
ABQQ - Q1 2021 AnalysisABBQ 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
www.globenewswire.com
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
ABQQ - Cup & Handle Breakout OpportunityABQQ 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.
www.globenewswire.com
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
ABQQ - Swing Trade OpportunityCup-Handle pattern formation has been formed with an ascending triangle pattern forming as the handle.
Good volume end of trading day 11/27, and three consecutive above-average volume on the daily chart .
Great swing trade opportunity going into the week of 11/30.
Entry at $0.0092
Exit #1 at $0.018
Exit #2 at $0.023
Disclaimer: This written/visual material is comprised of personal opinions and ideas.