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Meanwhile it went much higher.. it even seems it can go much higher.
Look the chart, and also the volume !!! Since 11 january the volume is much higher, almost a month like this now.
No clue how high it will go.. maybe even $2 or so.
On technical analysis impossible to know how high, even not applicable.
One good news and this shots big time up... but who knows !
I think today will be a red day, after a surge like this comes the profit taking, if it doesn't loose too much of friday's rise, then it can become a "buy" signal, the break-out of sideway channel. If not, back to sideway channel......
This is not a fraud company, so easily said by people.
BUT I didn't say it is a good company, it has this time a real turnaround potential... but that has to be proven with Q2 2021 !
RCL went down till around $65, now staying sideway trend...
Soon the results of Q4 2020 of RCL are coming out !!
Not clear exactly when this will happen, investing.com says today 3 february 2021
The results won't be good, because COVID-19 still present, so I think the trend will go more down, this time till it fills the previous BIG GAP, so $55-$59
Still to be confirmed.. Today the opposite way, the same down as yesterday up... It is still in an sideway trend !
But still lower "tops", coming days will tell if it continuous down trend or stabilization
It is possible, because it went up almost were it started in the beginning of the month...
Soon we go back from ABCED to ABCE.
10K 2020 will be out ... next month ? No clue but the company will report a bad year 2020, what is more interesting is the Q1 2021.
At least the company said the sales were improving !
RCL took a direction => down !
It even closed lower than all lows of the last weeks...
Next stop is between $55 en $60 as support.
If this is hit, then the previous GAP will be closed too !
Friday BAND made a buy signal !
It already formed a positive trend.
If you look the chart from a distance...
You see the "opposite" shoulder-head-shoulder formation, it has been formed friday, now the upside potential is great !
Enjoy the ride more and more up !
For the moment we are in a sideway tunnel.
So it can go up or down... COVID-19 is still present big times, this quarter won't be good, improving Q2 ?? who knows.. tell sold one of their companies to have more stability
Royal Caribbean Group (RCL +1.5%) enters an agreement to sell its Azamara brand to PE firm Sycamore Partners for $201M.
Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property.
The transaction is subject to customary conditions and is expected to close in the first quarter of 2021.
https://seekingalpha.com/news/3652264-royal-caribbean-pads-balance-sheet-with-sale-of-azamara-brand-
This is in fact BAD news, the company needs to sell to overcome these coming months !
2 million shares already, that means before 340 million shares, so that is really high !!
Some news coming ? Often it comes out the day after a surge up.
That would be nice if it is true..
Because they have a diversified portfolio... that is interesting !
Big buys in ABCED ?
Thank you for the information !
Friday ZM went up a lot but after a lot of selling, even close to low of the day... We will see coming days, because it is true it is needed for those funds but now also bigger "shorters" possible.
Why you say January the 15th in the S&P 500 ?
I don't see any announcement about it, I just see in "january", but no confirmation neither
The only thing I see :
"Team Latestly
20 December 2020·3-min read
Renowned cloud-based video chatting platform provider, Zoom is expected to see a boost in the value of its stocks ahead of anticipated listing on the S &P 500 in January 2021."
https://in.finance.yahoo.com/news/zoom-stock-rise-firm-becomes-104243936.html
BTW if they don't like how the earning go many will short the stock... but normally it is a good upward trend !
If you look at Tesla that was added the monday after 18 december it went down first, thereafter it started to go up...
There was just a SEC report out :
https://www.otcmarkets.com/filing/html?id=14616676&guid=IdkKUnp_fO9Yj3h
Now I can saw aussiekevin was right !
What they did before was already "limit" positive...
But this is just to sell a lot more shares for dilution pffff
And today probably "sell" on the news... it hits short resistance of the "tops"
So still down trend but less fast...
Thanks to the great news that come out !!
Let's see if support builds up here...
It seems that the push is coming from today again...
Bad news :
Zoom Video Communications (NASDAQ:ZM) has commenced a public offering of $1.5B of Class A shares.
Underwriter's over-allotment is an additional $225M of shares.
https://seekingalpha.com/news/3650603-zoom-video-readies-stock-offering?mail_subject=zm-zoom-video-readies-stock-offering&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha
More shares are being added, pre-market already down 3% !!
ABCE has real products/services, many different ones too.
Meanwhile the past weeks the GAP has been filled... with a nice bottom showing up.
BUT now the price is at its 200 EMA which will be big resistance for the moment at $1.56.
If it breaks up it would become a support, but only if it stays 3 days above it.. if not it could go down to $1.25 again
From here it will be more difficult to predict what will happen in short term...
In short term it is still in a bearish down trend.
The gap at $325 is not filled yet ( yes a small part )
So still big buying ( and big support ) around $295 - $325
Then for middle long AND long term ideal to step in
That is true... but like I said many times since 2016 the company was back on track, their revenue was growing each year, except in 2019.
But that year 2019 the company had difficulties to get the growing in the right direction. That is why in 2020 the company made changes like buying on building for all their companies ( solar / HVAC / finance / etc .. ).
The sad thing is that 2020 is being lost because of COVID-19 ( it started in China "officially" in december 2019, the supplies comes from there ).
The problem is that COVID-19 is still present, a lot more but the company adapted ( couple of months ago ) themselves to be able to work during those times ( and yes it took time to adapt ).
The vaccination will help ( it will still take months, probably till mid 2021 at least ) but apparantly their business is improving already.
That's why yesterday there was a lot of buying...
With today included, 2 days of buying volume !
https://seekingalpha.com/symbol/ABCED
The 2 important positive signs....
1) They are adding more products related to all their companies under ABCE
2) The residential and commercial markets for solar are improving and we have a great deal of hope to be back to our pre-Covid19 sales levels sometime this year” said Mr. Shorey, the acting president.
Very positive signs !!!
See everything about R/S plus extra good news :
https://www.otcmarkets.com/filing/html?id=14608367&guid=gReqUqA2mBBW-3h
Here you found the correct information about how and how long the reverse split will take place :
The reverse stock split becomes effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace at the open of business on the Effective Date , as defined above. , whereupon the shares of common stock will begin trading on a split-adjusted basis. On the Effective Date, the Company’s trading symbol will change to “ABCED” for a period of 20 business days, after which the “D” will be removed from the Company’s trading symbol, which will revert to the original symbol of “ABCE”. In connection with the Reverse Stock Split, the Company’s CUSIP number will change to 00287V4023.
AND
The reverse split will result in a reduction of (i) the number of authorized shares of common stock of the Company from 5,000,000,000 shares currently authorized to 29,411,765 shares of common stock after the reverse split and also (ii) the reduction of the number of outstanding and issued shares of common stock so that after the split becomes effective the shares of common stock issued and outstanding will be reduced to 1 share for each 170 shares currently issued and outstanding. Currently there are 2,687,999,095 shares issued and outstanding. After the split the Company will have 15,811,760 issued and outstanding shares of common stock.
This was found in the last SEC report of ABCE !
So the whole month January it will be ABCDE, from february it will be back to ABCE with a lot less
Authorized Shares and Outstanding Shares both are divided by 170 !!
So this means the company can't sell "more" shares than before, there is still 13.6 millions shares possible to sell to the maximum of 29,411,765 shares
I think you just want to be buy them cheaper ;)
For the moment there is a big gap between bid and ask, maybe you can have it cheap... I have no clue how company will evolve in the future, is a lot more important than the past...
Be aware this could be just temporary for a day or 2...
Still clearly in down trend, but of course it can be broken upwards ;)
But the GAP is still not filled completely and a big support around $299-325
Indeed... but in the past it wasn't going good with this company.
Now the company has own building, different companies together and they took over HVAC company.
How long will it take for the R/S to be converted in all portfolios ?
The symbol ABCED is temporary, after it will go back to ABCE ( On Pink Current ).
and still after the stock kept sliding till $337.
This is good and bad of course, more pressure possible too, it depends how the big guys/funds see ZM going, with vaccination started..
It didn't go lower like non stock owners said it would be...
The positive sign it went even up with low volume though.
Maybe you're right ! But stocks don't the way we like..
It is still in down trend, of course one day it has to be broken
The bad news about ZM lately doesn't help and next quarter result is in a month or 2.... so no support from that side
Thank you for the information !
No worries same with me, there are doing the R/S ( reverse split )...
Euuuh ?? It is already trading : instead of ABCE is it now ABCED ( no clue if temporary symbol !! )
No I think worse, a buy order at market price. Like I said that was the ask $0.2
All the investment accounts have to do the R/S for their clients.
Activity will be calm this morning ( today ? )
The volume won't be millions anymore more like 10.000 or so..
Look somebody bought a lot more now...
Stock price is $0.20 ( yes it's written correctly )
Come on be for once fair
A volume of 5 shares at $0.02 ? Not even $1 !
So for the moment on the first day of the year buyers are coming in...
Nice up till $362, the question is more will it close this high or just the ones with their long term "portfolio" coming in.
Not difficult with a spread like this...
0.0251 / 0.20
And a volume of 5 shares, that is pure manipulation trying to push people to sell