ABQQ - Q1 2021 Analysis
Updated
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 = $0.22
Target #2 = $0.30
(2) Bearish Case - Breakdown below $0.07
Target #1 = $0.045
Target #2 = $0.035
globenewswire.com/news-release/2021/02/03/2169223/0/en/AB-INTL-GROUP-Announces-Its-Film-Love-Over-the-World-Hits-USD-1-Million-Box-Office-of-Screen-12-Days.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
(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
globenewswire.com/news-release/2021/02/03/2169223/0/en/AB-INTL-GROUP-Announces-Its-Film-Love-Over-the-World-Hits-USD-1-Million-Box-Office-of-Screen-12-Days.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
Note
Update: News (02/04/21)Chiyuan Deng, one of two CEO & Directors of ABQQ, purchased 500,000 shares for $42,000 yesterday increasing his position by 30%. Insider ownership currently sitting at 169,220,000 shares (130% when compared to outstanding shares).
sec.gov/Archives/edgar/data/1605331/000166357721000044/xslF345X03/ownership.xml
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.