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BBIG still holding vs technical trendsI know there's a lot of chatter about BBIG right now, which isn't necessarily a bad thing but it's something to be aware of as it can be one of the outliers right now. I mean that it is something that isn't normally a consistent factor of the BBIG market. Regardless, technicals are still doing their thing. The 618 remains the fib level of resistance and the 50DMA has upheld as a support level (so far). Volume hasn't completely died either. It's still on pace with the last few weeks of June and first week of July. It did, however, break below that previously established uptrend line put in with higher loss between mid-May and late-June. In any case, technicals to continue watching at the basic level: 618 Fib and 50DMA. "Vinco recently announced the spin-off of its Emmersive Entertainment platform into its own publicly traded entity. With a similar goal of changing the media world for good, this could be an interesting proposition for investors to consider. So, while the aforementioned merger is not yet completed, investors are waiting for it to be finalized. In the meantime, BBIG stock could be worth giving a first or second look." Quote Source: 8 Top Tech Penny Stocks to Watch in July 2021
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by PennyStocks101
Is this just a Fib or is SLGG gonna finally make a move?Obvious play on words but clearly SLGG is testing that same resistance that lines up with the fib line itself. Esports conversations are beginning again. I'm wondering if this will be another cycle for these stocks. "Shares of SLGG stock have steadily climbed over the last month. In fact, between May 14th and June 14th, Super League’s share price has jumped from around $4 to just under $6 this week. One of the things that helped supercharge Super League was a bullish analyst rating from HC Wainwright last month. The firm started coverage on SLGG stock with a Buy rating and a $6 price target. As the penny stock approaches that target price, it looks like traders remain bullish on the company. A few weeks ago, Super League announced the acquisition of Mobcrush. According to the company, this helped establish one of the largest “verifiable and addressable audiences of passionate gamers in the US.” Mobcrush operates a live streaming tech platform, which boasts a roster of gaming influencers and more than 4.5 billion accumulated fans * subscribers across social media sites." Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
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by PennyStocks101
Esports Entertainment Group Files NJ Gaming License ApplicationEsports Entertainment Group Files NJ Gaming License Application $GMBL today announced it submitted its gaming license application with the New Jersey Division of Gaming Enforcement ("NJDGE"). "This is our first gaming license application in the US, and once approved, we believe we will be the first esports-vertical focused sports book with a state license in the US," "According to a study from data firm Interpret, over 50% of U.S. esports fans said they are likely to engage in esports betting so we are confident that demand will be strong. With a solid regulatory framework based on player protection, business stability, and growth, the New Jersey gaming industry has enjoyed exceptional growth in recent years. finance.yahoo.com
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by AlenCiken
ESE.V - Blue sky breakout on major acquisition newsBlue sky breakout from Double Bottom setup. Still undervalued in the eSports space. ----- ESE Announces Acquisition of Global Esports and Gaming Infrastructure Company with $14M+ in Revenue Positions ESE as One of the Largest Global Esports Infrastructure Companies - Transaction anticipated to make ESE one of the largest esports infrastructure companies in the world, "bridging" esports companies with their fans and customers. - In 2020, WPG generated revenue in excess of $14,000,000. - The Transaction will add WPG's existing client base to ESE. Clients of WPG's subsidiary, WPG Racing Solutions, include one of the largest esports companies in the world, and one of the largest sports organizations. - Acquisition will deliver on core strategic priorities of (1) increasing revenue, (2) expanding tier-1 client base, (3) strengthening technology stack, (4) expanding operational geography, (5) adding experienced executives to our Management, and (6) increasing platform scalability through WPG's nearly 100 staff. VANCOUVER, BC, Feb. 16, 2021 /CNW/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the "Company" or "ESE") is excited to announce that it has entered into a binding share purchase agreement (the "Agreement") to acquire 51% of the business of World Phoning Group Inc., Encore Telecom Inc., and their two European operating subsidiaries, WPG Racing Solutions and Foresight Resolutions (collectively, "WPG"), to further develop ESE's robust esports and entertainment infrastructure business. Under the terms of the Agreement, all of the assets of WPG will be rolled into a newly incorporated Canadian company, World Performance Group (the "Corporation"). Upon completion of the Agreement, ESE will acquire 51% of the issued and outstanding shares of the Corporation (the "Transaction"). The purchase price will consist of (i) $138,019 in cash payable on the closing of the Transaction (the "Closing"), (ii) 585,156 common shares of the Company (each, a "Common Share") issuable on Closing and (iii) 6,664,845 Common Shares to be released in monthly installments over the 36 months following the Closing. Pursuant to the Agreement, ESE has also agreed to make an investment of $750,000 in the Corporation. ESE will have the option to acquire the remaining 49% of the issued and outstanding shares of the Corporation at any time within 34 months following the Closing by (i) paying $624,613 in cash and (ii) issuing 2,500,000 Common Shares. WPG's principal, Wayne Silver, will continue to serve as the Corporation's CEO going forward, integrating his team and infrastructure into ESE's existing operations. Mr. Silver will also serve as an advisor to ESE's board, bringing his experience and extensive network to the Company. WPG is an enhanced solutions provider operating an infrastructure business for management of fan engagement for OTT & esports. WPG's team provides solutions in 10+ languages and works with its customers to build new and improved B2C & B2B processes that align with customers' brands, boost retention, enhance fan interaction, improve ROI and increase sales and profit margins. WPG provides bespoke, omni-channel solutions that encompass the traditional channels (voice, chat and email), social media channels (Twitter and Facebook) and embrace new community channels (Discord, Reddit, etc.) used by millennials and many of today's younger fans and Generation Z. In addition, WPG offers out-sourced network services, including B2B and B2C services, and a global telecom network through Encore Telecom Inc.
TSXV:ESE
by wealth_bakery
EM1 Symmetrical TriangleSymmetrical Triangle Identified, price is likely to continue it's uptrend. Recent positive announcements following the release of their Miggster Platform ● Emerge banks first cash receipts from the MIGGSTER platform totalling ~$8.3M ● MIGGSTER subscriptions continue to deliver strong daily growth ● The MIGGSTER platform was launched on 14 November 2020 and the first cash receipts represent gross subscription fees receipted by Emerge in the 48 days since launch date. Price Target 0.27
ELong
by BreadCharts
3
FANS.C -- Multiple bullish divergences and promotional campaignFANS.C has formed a double bottom on the chart in the low .20s. Multiple bullish divergences on the Daily Chart with a strong pickup in Accumulation even as stock retraced to test the support line. The original drop was caused by shares issued as part of recent acquisition but there are early signs of bullish momentum returning. The company is running a promotional campaign in the US and Canada which should help with volume needed to absorb the remaining cheap paper. Good news flow. Expansion into the US market and sold new hires.
FLong
by wealth_bakery
1
Astralis Group and the Danish pandemic comebacks What a crazy lockdown period huh? I used the time to trim my expenses budget, plan ahead and free up more capital for investing. I also learned a lot of cooking skills. I also invested during the lockdown (As I do every month with excess capital). Here's the Astralis Group update. Nobody is perfect, and I absolutely have taken a hit on this stock so far, but keep in mind that we are only a few months into a decade long trade. Currently, we're in the accumulation phase for this stock, which means that excess capital is spread around this and other picks when available. For clarity, I've posted the average price i've paid for the stock during the accumulation phase. It's a simple strategy, but it can apply well to sectors / picks you determine will do well over a protracted period of time. Astralis has resumed function as regular, and won most recently the CS:GO Road to Rio event. June is going to be action packed for Astralis Group as both their League of Legends team and CS:GO teams clash off in the summer event qualifiers. Positive outcomes and viewership numbers, combined with a more positive outlook on global reopening, could spark a rally around the june period, sending us up to test some resistance.
ALong
by UnknownUnicorn560420
GAME.V -- Leader in eSports / Racing trading below PPGAME.V chart is showing signs of bottoming out around .40. Bullish divergence with MACD. Recent private placement at .60 with insiders participating. Good news flow: - Torque Esports' All-Star Series to continue live on ESPN and ESPN2 - Major automotive brands and teams join Torque Esports' The Race All-Star Series - Discovery Inc.-owned Eurosport signs content partnership with Torque Esports - Torque Esports Enters into Definitive Agreement to Acquire 100% of Market-Leading Motorsport Simulator Manufacturer, Allinsports - Torque Esports deliver new gaming streams for major brands in #StayAtHomeEconomy
GLong
by wealth_bakery
3
VS.C -- eSports and Video Streaming Rewards PlatformVS.C is approaching the eSports sector the right way with its proprietary rewards platform that integrates into applications, games and streaming services. This is one of the sectors that is thriving during the coronavirus pandemic. The company keeps delivering on growth and has just announced an expansion into streaming video via Kast. Haywood analyst gives it a BUY rating with a .55 price target. Technically, the stock has been heavily accumulated in recent months. The selldown in the last few days was likely a short attack targeting the .185 - .195 gap. It failed but I used it as an opportunity to build a position at .22 average. Given the string of positive news releases and the extension of the .40 warrants that was just announced, I expect that the company will make a promotional push to try and get them exercised. But even without promo, the stock should be trading a fair bit higher based on the business growth/expansion. It's one of those rare times when I do agree with the institutional analysts.
VLong
by wealth_bakery
1
Why I'm buying Astralis Group, and why you should too. This idea will be updated throughout the year of 2020, so stay tuned and keep coming back for more as this company unfolds it's true potential. I wanted to get this idea published before the scheduled news event happening on February 6th , a few hours from now, as I believe that Astralis Group is preparing for a liftoff on an unprecedented scale. It most likely won't happen in the next few hours, but I wanted to get this analysis published before this event - for a cleaner before & after chart. The reasons to buy Astralis Group is many, and I will be using this thread to dissect their business model, and give you some concrete reasons why the growth potential in this company is widely underestimated. If you are a tentative buyer, and prefer having a proper analysis in hand before making a decision, this thread should help give you an understanding of the company's strategy, and what makes up the company value. Please note that the CEO has previously stated in their prospect that they don't expect to pay out Dividends on the shares for the first couple of years. This is something to keep in mind, as we look for more buying opportunities. While keeping that in mind, I want to note that the current per share value is rather low, and the total shares in circulation is at 56.759.777 total shares. For now, I am issuing a buy and hold signal. This is not likely to change for the foreseeable future.
ALong
by UnknownUnicorn560420