What I've highlighted above is an important line of potential support in MOXC's 13-Day Exponential Moving Average.
According to Investopedia, "An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points."
As you can see since the beginning of August, MOXC has held this line of support as it has continued to make a vertical surge.
This Is Important - Take A Look At What Happened Friday
MOXC once again held support and stayed above its 13-Day EMA.
That could be HUGE for today's session.
Plus, it is already trading well above two more important lines of potential support in its 50-Day and 200-Day Simple Moving Averages which could provide confidence towards a continued MOXC surge in the short-term.
Your No. 3 Potential MOXC Catalyst
According to Yahoo Finance, MOXC has a very small float.
The website reports MOXC to have only 7.82Mn shares in its float.
Why could this be key towards a potential breakout? Good question.
As we saw on our last profile that came out this past Thursday, it was able to make an approximate $1.18 surge intraday.
Part of the reason that move happened is because of volatility caused by its low float of 2.69Mn shares.
When a company has a low float, positive company news can help to create momentum that leads to volatility. Could that next bit of news be around the corner?
Recently, the company has dropped some interesting press releases that could start generating serious buzz.
Your No. 4 Potential MOXC Catalyst
Moxian, Inc agrees merger terms with Btab Group, Inc
Beijing, China, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Moxian, Inc. (“Moxian” or the “Company”) (MOXC), an offline-to-online (O2O) social media services and Internet media marketing services provider, is pleased to advise that following the Letter of Intent as of August 8, it has today signed a material definitive Share Exchange Agreement (the “Agreement”) with Btab Group Inc., a Delaware corporation (“Btab”). Pursuant to the Agreement, the Company will issue approximately 59 million new shares of common stock and 50 million of Class A preferred stock with restrictive voting rights, in exchange for the entire equity of Btab, in a business combination (the “Business Combination”) that will produce a merged entity with a valuation of over $400Mn and not less than $40Mn in annual revenue.
The Agreement is subject to various conditions, including satisfactory due diligence and an independent valuation of Btab, as well as the approval of shareholders of the Company and that of the regulatory authorities. Btab is also obliged to secure a financing commitment of up to $50Mn on the closing of the Business Combination. Following the merger, the current shareholders of the Company will control approximately 20% of the enlarged equity. Btab will have the right to nominate three directors to the Board of the Company.
Btab Group Inc., was founded in 2014 in Sydney and primarily operates through its subsidiaries in Australia and the ASEAN region, as well as locations in the US and UK, providing affordable online technology to small businesses to allow them to compete in an underserved market segment. Btab has been involved in many acquisitions for its growth and will continue to aggressively pursue its global acquisition strategy and expand its fulfilment centres. Btab currently has multiple arms that not only are in the e-commerce space alone but also owns property and utilizes multiple warehouses as fulfilment centres for expedited delivery of goods to customers. Btab gives small businesses a platform in which to grow their business and customer base whilst maintaining costs to remain profitable. Btab also acquires struggling businesses so that customers and new stores wanting to have access to products will still be able to have access to those products. The Btab Network is quickly looking to expand further into Europe and the Americas where it will be able to network tens of thousands of small businesses to hundreds of millions of dollars’ worth of products in a time where many products are still “out of reach” for these small businesses. According to statistica, the German online research portal, e-commerce sales in Southeast Asia alone is projected to reach over $54Bn in 2020 and show an CAGR of over 12% over the next four years. This growth should still be significant well into the next decade, fueled by increasing numbers of internet users, greater familiarity with online shopping, and improved consumer spending power.
Their Motto is “Many Brands But One Heart” which explains the heart of the company and their desire to assist the growth of small business. Their website is:
Speaking after the signing of the Agreement, Mr. William Yap, the Chairman of the Company, said “We are very excited to partner with the Btab Group in a new era of growth for the Company, taking our combined experience in China and Australia to new markets in South-east Asia, with our pooled resources. South-east Asia, with a market of over 650 million, growing levels of disposable income and sophistication and a predominantly young population, holds tremendous promise for the e-commerce industry and for companies such as ours that have an international reach to both suppliers and consumers.”
Your No. 5 Potential MOXC Catalyst
Moxian announces acquisition by Btab Group, Inc
Singapore, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Moxian, Inc. (“Moxian” or the “Company”) (MOXC), an offline-to-online (O2O) social media services and Internet media marketing services provider, today announces that Btab Group Inc., (“Btab”) which Moxian intends to acquire pursuant to the terms of the Share Exchange Agreement signed on August 27, 2020, has entered into detailed negotiations with finalized documentation (expected to be signed in a matter of days) for the acquisition of a food processing company in India (the “Target”).
The Target has approximately USD $15Mn in annual revenues with a client base that is growing rapidly throughout India and Asia. This acquisition is the first of many that Btab intends to complete. This, and future planned acquisitions, will not only strengthen the global supply chain of the Btab group but add greater value to the proposed merger with Moxian.
Commenting on the new upcoming acquisition, Mr. William Yap, Chairman of the Company, said “We are pleased to see Btab Group’s aggressive growth and its efforts to the continuation of adding value to all of us.”
Coverage is officially initiated on MOXC. Get it on your radar quickly.