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
www.globenewswire.co...-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
www.globenewswire.co...-Screen-12-Days.html
Disclaimer: This written/visual material is comprised of personal opinions and ideas.
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).
www.sec.gov/Archives...345X03/ownership.xml
Disclaimer: This written/visual material is comprised of personal opinions and ideas.