BSEG Big Screen Entertainment Group Long Term Technical Analysis
BSEGBig Screen Entertainment Group is a film production and distribution company that is closely held by its shareholders. Current management are doing their best to move this company forward and have made great progress over the past decade in developing the company into something viable.
I have been a shareholder in BSEG for a long while, and while they have made progress in business connections, revenue sources, and becoming global. The stock and investor interest has not shown itself yet, but believe this one is ripe for some gains.
In January 2016 they publicly stated a company mission is to reach Nasdaq, and that they would use different means in achieving that,but needed to execute their business plans first and foremost. The recent press, and movies that were released overseas in China this year, but couldn't help but notice that technically the long term trendlines, and recent candlesticks could be pointing to some gains in 2nd half of this year.
In the chart there are 2 long term trendlines coming down from years ago, and have correlated to past price action, and could be a sign of a break in trend. You can also see the OBV and AD lines at a large spread, and the AD line hitting support bouncing twice. The recent press broke one of those long term lines.
Beisdes that recent financial reports are showing larger accounts receivables, so they need to collect, but there is money being made from service work. They also have a good deal of projects in the near and mid term so the company has work. You can review the financials and management report at otcmarkets.com
BSEG Info:
https://www.otcmarkets.com/stock/BSEG/disclosure
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