ABQQ - Q1 2021 Analysis
Diupdate
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.
Catatan
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.
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