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 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.