ABQQ - RSI Divergence
Updated
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 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 110B 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
(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 110B 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
Note
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