Hello 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 ...
ABBQ 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...
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 =...
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...
Cup-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...
