Asia Broadband (AABB) opens their crypto exchange
Asia Broadband (AABB) enters into the crypto market and gains 22% for our subscribers after Alex calls the $.17 PPS. Take a look HERE
Alex was right again! It ran after $.27 for 22% GAINS
Alex was also correct about the company being “Keep in mind, this stock earlier in the year did the same type of pattern, a big run, a pullback, another slightly smaller run and then it died! Be aware!” Asia Broadband (AABB) provided to be worthy the phrasing “be aware!” because it then pulled back from $.33 to $.14, YEESH!
Let’s do a quick overview before we get into the technical analysis.
Company Name: Asia Broadband, Inc.
Ticker: (AABB)
Exchange: OTC
Website: https://www.aabbgtoken.com/
Company Summary:Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia.
What has been the news lately on Asia Broadband, Inc. (AABB)?HERE
Dec. 28, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has now launched its proprietary cryptocurrency exchange (the “Exchange”) within the AABB Wallet. Today’s launch is the initial phase of the Exchange roll out in the necessary process to ensure stability, proper functioning and integration of the various component modules.
Exchange users will now be able to place buy and sell orders to execute cryptocurrency trades for the initial trading pairs available and familiarize themselves with the Exchange platform. AABB management and the development team are excited to have achieved the live activation of the Exchange today in this initial launch phase.
Asia Broadband, Inc. (AABB) 1 Day Chart
Technical analysis is the same as before, this is a highly volatile stock in the wild west of crypto and should be traded with great caution. After it opened with a quick gain it quickly pulled back and then went on a nice run from $.14 to $.22.
Asia Broadband, Inc. (AABB) is consolidating in a bearish trend. If you’re interested in trading this stock I would recommend for AABB to eclipse $.20 before thinking about trading it.
This stock is volatile, trade with stop losses and never try to catch a falling safe!
Asia Broadband, Inc. (AABB) enter into the crypto market
Company Name: Asia Broadband, Inc.
Ticker: (AABB)
Exchange: OTC
Website: https://www.aabbgtoken.com/
Company Summary:
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia.
Why did it go up over 100%?
Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has now confirmed a December 28, 2021, release date for its proprietary cryptocurrency exchange (the “Exchange”) within the AABB Wallet. AABB management and the development team are thrilled in anticipation of the soon approaching Exchange launch.
YTD Chart
5 Day
1 Day
Technical Analysis:
Well it appears that a gold mining company is opening a crypto exchange, I guess both are a form of currency, LOL. Everybody is getting involved and I HIGHLY doubt that this is a viable long term play.
Now, let’s look at the charts.
In the short term it needs to beat $.27 to be even worthy of considering, if it doesn’t, it will fall. $.27 is important because it will reverse the overall trend.
Keep in mind, this stock earlier in the year did the same type of pattern, a big run, a pullback, another slightly smaller run and then it died! Be aware!
Asia Broadband (AABB) Stock Pulls Back 40% From The Peak: A Good Opportunity?
The Asia Broadband Inc (OTCMKTS:AABB) stock has been in considerable focus among investors for most of the year and the stock has garnered strong gains as well. Although the Asia Broadband stock is still up by as much as 133% so far in 2021, it has corrected sharply and declined by 40% from its May-end high of 24 cents a share.
However, the latest correction might also prove to be an opportunity for new investors and hence, it could be a good move to take a look at recent developments. The company has moved into the crypto space recently with the launch of its gold-backed AABBG token.
On Tuesday, Asia Broadband announced that it has put plans in motion that is going to see the company expanding its foot print into Central America by pushing demand for its AABBG token. The company is going to start this project at El Salvador.
In order to achieve its objectives, Asia Broadband is going to work with some of the major retailers in the country. The aim is for those retailers in El Salvador to accept payments that are made by customers in AABBG tokens. Retailers are going to be offered handsome discount incentives and commissions if they do start accepting the AABBG token.
While this was an important announcement from the company, there was another key development that took place last month. On May 27, the company announced that the Board of Directors at Asia Broadband and the company’s management approved a move for retiring and returning as many as 107 million units of restricted common shares to the treasury.
The reduction in the number of shares to such a degree could be seen as a welcome move by many shareholders and could also lead to more optimism about the Asia Broadband stock from new investors.
Asia Broadband (AABB) Stock Jumps Again: Up 40% in a Week
The crypto sector may have had a pretty shocking time over the past week but companies there are some companies in the sector that did not do too badly in terms of stock performance.
One of those is Asia Broadband Inc (OTCMKTS:AABB). On Monday the stock was on the move and rallied by as much as 12% to take its gains for the past week to 40%. Asia Broadband’s core business is related to the precious metals like gold but the company has made a massive effort to get into the fast growing cryptocurrency space in a big way. The company is now working on its own cryptocurrency exchange after having recently launched its own cryptocurrency.
In this regard, it is important to point out that back in March, the company had launched its own cryptocurrency token named the AABBG token. However, it is also necessary to point out that the AABBG tokens are backed by physical gold belonging to Asia Broadband worth as much as $30 million.
Recently, the company reported that it has made considerable progress in relation to the development of its cryptocurrency platform and that could actually prove to be a major boost for its crypto token as well.
Those who actually purchase the AABBG token are going to have two kinds of advantages. One of those is that it is going to be a pretty stable digital asset considering the fact that each token is backed by 0.1 gram of spot price gold.
On the other hand, the token could also appreciate at price like other cryptocurrencies and thereby give its holders a profit. However, if price appreciation is to happen then the AABBG token also needs to be in circulation in exchanges and that can only happen once the Asia Broadband crypto exchange is in place. The current optimism about the Asia Broadband stock is understandable and investors could consider keeping it in their watch lists at this point.
Asia Broadband (AABB) Stock Consolidates Around 15 cents: What Now?
Those who are on the hunt for stocks which might have clocked significant gains so far this year might do well to take a look at the Asia Broadband Inc (OTCMKTS:AABB) stock. It has been one of the major performers so far this year and has managed to deliver gains of 1400%.
While those gains are impressive, it should be noted that on Wednesday, the Asia Broadband stock actually declined by 9%. However, at the same time, experts believe that following the company’s strong performance in the first fiscal quarter, Asia Broadband is now in a position to generate growth in 2021.
The company announced its financial results for the first quarter earlier on this week and the crowning glory of the performance was the $100 million plus in assets that it reported in its balance sheet.
This suggests that Asia Broadband now has the assets and liquidity under its command which will allow it to finance and progress is cryptocurrency and gold mining businesses. Not too long ago, Asia Broadband started selling its gold backed crypto token AABBG and by doing that the company managed to collect as much as $1.5 million in the form of cryptocurrencies alone.
However, that is not all. The company has also designed an international marketing initiative in order to boost its brand, facilitate the sales of more cryptocurrencies and increase the number of transactions through the AABB wallet. Asia Broadband is all set to launch this campaign at some point next week and it could eventually lead to a considerable boost to its cryptocurrency ecosystem.
This campaign is expected to create substantial buzz and also help the company as it progresses the launch of its own cryptocurrency exchange. The company announced recently that is has made meaningful progress with regards to is the crypto exchange and it is one of the stories that investors could consider following closely.
Asia Broadband (AABB) Stock Extends Rally on Monday: Are You Bullish?
The Asia Broadband Inc (OTCMKTS:AABB) stock had gained by as much as 24% last Friday and this morning, the stock has started off on the same vein. While it is true that there has been no fresh news about the company, the stock did rise by 7% so far today.
key Things to Watch
In this situation, it should be noted that the rally in the stock is related to an announcement made by the company last week and it might be a good idea to perhaps take a closer look at the update. The company announced that it made major progress with regard to the development of its own cryptocurrency exchange.
Considering the importance and popularity of cryptocurrencies as well as exchanges, many companies are now moving into the sector in a big way. Asia Broadband seems to have done the same and that has brought a significant degree of attention from investors. It is also important to note that the update from the company about the exchange not long after it had announced the launch of its gold-backed AABBG token.
The cryptocurrency exchange has been under development at Asia Broadband for quite some time and it is going to be another version of the AABB Wallet.
It is going to be particularly beneficial for those who use the AABB Wallet. Those users are going to be able to make dual exchanges of their AABBG gold token with other major cryptocurrencies fairly quickly. Some of the cryptocurrencies that are going to be available on the exchange are going to be Litecoin, Bitcoin, and Ethereum. The exchange is expected to add substantially to Asia Broadband’s revenues by way of transaction fees and is also expected to help with regard to the rise of AABBG token’s price. At this time, the company has only released a limited number of tokens. Investors could do well to keep a close eye on the developments with regards to this project.