Wednesday, February 21, 2018 12:52:25 AM
Timeline
- 2011-10-11 $17.43 Acquisition of Shaanxi Weinan Huaren Pharmaceuticals
- 2013-04-xx $4.34 New All Time Low
- 2015-08-xx $4.34 Going Lower
- 2015-09-30 $4.55 3Q2015 where Aoxin GMP Certification Issues Started, No Production
- 2015-11-23 $4.20 3Q2015 PR and SP sliding further
- 2016-05-xx $1.08 New All Time Low
- 2018-01-21 Week O $2.15 L $2.02 H $5.97 C $3.32
- 2018-01-29 Liao Huiping from Aixong promoted to BOD
- 2018-01-31 GMP Certification re-issued, Production kick-off in coming months - preparations ongoing (PR'ed 2018-02-07)
- 2018-02-11 Week O $5.00 L $3.76 H $5.02 C $3.86
- 2018-02-15 Chinese Spring Festival up until 2018-02-21
Reverse Splits in 2012 and January 2016
Annual revenue decline in 2015 due to loss of Aoxing production
2018-02-07 PR of re-issued GMP certification states
Hence we can assume that the facilities are all upgrades and production ready, while last steps are being prepared.
Therefor no huge cost burden shall be expected from here on.
Conclusion
Continuation of SP recovery, swinging upwards regaining a floor holding over $5.55.
Heading towards previous production revenue levels, chart suggest recovering even $7.04 - $12.85 long term Fibo levels.
The late dip since 2/15 was probably due to a simple TA cooling period, but also aligns with the Chinese Spring Festival. The latter ends today 2/21.
Fibonacci Chart uses 2 ranges:
- Long from 2014 16.44 -> 1.23
- Short from 3Q2015 5.55 -> 1.23
Weekly
Daily
+++
Disclaimer: This is not an investment advice. I am long, but may trade at any time.
Charts courtesy of 01, DD partner in crime (o8>
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