Eyebrows are raising across the Market as Huawei reportedly approached Aptoide (The developers of Appcoins) for application store integration in their new os Hongmeng after the big Google ordeal. About Aptoide, its an alternative marketplace for mobile applications which runs on the Android operating system. In Aptoide, unlike the default Google Play Store, there is not a unique and centralized store; instead, each user manages their own store.
Huawei is the second largest player in the Smart-phone market which means a strong demand and use case for App-coins, once the Aptoide store is integrated in to the new Hongmeng OS (yes it supports android apps). This could possibly be a major catalyst for APPC, as we believe development of the Huawei ecosystem won't take too long, and the market does not take too long to readjust to such developments, either.
The chart attached has target prices, but we suggests traders trail stops rather than selling APPC. The purpose here is to get maximum juice out of this trade.
Huawei is the second largest player in the Smart-phone market which means a strong demand and use case for App-coins, once the Aptoide store is integrated in to the new Hongmeng OS (yes it supports android apps). This could possibly be a major catalyst for APPC, as we believe development of the Huawei ecosystem won't take too long, and the market does not take too long to readjust to such developments, either.
The chart attached has target prices, but we suggests traders trail stops rather than selling APPC. The purpose here is to get maximum juice out of this trade.
Comment:
Fundamentals are in play. Target 2 achieved, target 3 next in line.
Comment:
Lets trail stops under 0.00001300 on 240m closing basis