Break Out Ahead? Asia Broadband, Inc. (OTCMKTS:AABB)

Asia Broadband, Inc. (OTCMKTS:AABB) is gaining momentum in Tuesday’s morning session. Three up days in a row may be a good start to a rally. For this to happen, AABB needs to clear and close above .21.

Market Action

As of 11:49, AABB is moving up 3.68% to trade at $0.155. So far more than 8.9 million shares have exchanged hands. The stock opened at $0.152 and moved in a range of $0.1520 – 0.1650.

Asia Broadband Releases First-Quarter Results

Here are the highlights:

  • A strong balance sheet of $100 million in assets is the highlight of the quarterly performance.
  • AABB is in a highly liquid financial position to self-fund and rapidly advance its gold mining and cryptocurrency sales and exchange business segments.
  • AABBG gold-backed cryptocurrency token sales and has accumulated approximately $1.5 million in cryptocurrencies, which was launched a couple of months ago.
  • The campaign roll-out will begin next week and is expected to build substantial momentum over the next 3 months, as AABB’s own proprietary cryptocurrency exchange nears completion and launch.

Chris Torres, the CEO, stated, “Our transfer agent confirmed recently that restricted share dividends can take longer to process than ordinary free trading shares. This is due in part to some brokerage firms not allowing restricted shares in accounts, thus requiring physical share certificates to be printed and mailed. 

Trader Notes

Share Information


Recent Stock Performance

5-DAY PERF. +3.75%
1-MONTH PERF. -25.17%
3-MONTH PERF. -47.56%
6-MONTH PERF. +5344.83%
YTD PERF. +1153.17%
1-YEAR PERF. +6479.17%

Moving Averages

+/- EMA(20) 0.18 (-11.11%)
+/- SMA(50) 0.23 (-30.43%)
+/- SMA(200) 0.08 (+100.00%)

Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 0.1090 0.1245 0.1370 0.1525 0.1650 0.1805 0.1930
Fibonacci 0.1245 0.1352 0.1418 0.1525 0.1632 0.1698 0.1805

Technical Indicators

Symbol Value Result Symbol Value Result
ADX 52.0179 Buy ATR14 0.0345
CCI20 -87.5042 Sell Chaikin Money Flow -0.1771 Sell
MACD -0.0127 Sell Money Flow Index 34.3077 Buy
ROC -25.6589 Sell RSI 40.2153 Buy
STOCH (14,3) 24.7126 Sell STOCH RSI 0.5703 Neutral
UO 36.5184 Sell Williams %R -75.2874 Neutral

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