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Get Low Float Nasdaq Idea (MOXC) Pulled Up As Key News And Technicals Could Be Huge Bounce Catalysts
Based On Recent News, Technical Indicators, And More, MOXC Needs To Be On Your Radar
October 5th
Good Morning,
This past Wednesday, I brought to you a profile in ALTD that turned out to be an intraday surge monster.
Alerted at approximately $.024, ALTD ran to a high of $.0815 that same session.
Overall, the profile ran approximately 239% intraday.
How is that possible you may be asking yourself... Simple.
The profile had a low float of around 5.55Mn shares.
Now, I've uncovered another low float profile that just happens to be a NASDAQ profile for this Monday.
Recently, in the span of one week at the end of September this profile double in price and is showing potential to do so again based on recent news, technical indicators, and of course, a having a low float.
Right now I want you to focus in on one Nasdaq profile at today's opening bell:
Moxian, Inc. (MOXC)
Moxian, Inc. is in the O2O (“Online-to-Offline”) business, providing an online platform for small and medium sized enterprises (“SMEs”) with physical stores to conduct business online, interact with existing customers and obtain new ones.
What Is Online-To-Offline (O2O) Commerce?
Online-to-offline commerce is a business strategy that draws potential customers from online channels to make purchases in physical stores.
Online-to-offline commerce identifies customers in the online space, such as through emails and Internet advertising, and then uses a variety of tools and approaches to entice the customers to leave the online space.
This type of strategy incorporates techniques used in online marketing with those used in brick-and-mortar marketing.
Considering that an estimated 81% of shoppers conduct online research before making big purchases, channeling even a small percentage of their online research to an offline store would represent a massive potential for sales.
Do You Recognize These Names?
Top leading companies of Global Online-to-Offline (O2O) local services market are Alibaba, JD, Amazon, Facebook, Google, Meituan, and others.
Consider Amazon's $13.7Bn acquisition of Whole Foods in 2017 and you can see where the leader in online commerce is placing some of its bets—in physical space.
Acquiring companies that already have a huge online shopping customer base is just one O2O commerce strategy retailers like Walmart are using.
The Global Online to Offline Commerce Market was valued at $119.2Bn in the year 2019. Global Online to Offline Commerce Market is further expected to grow at a CAGR of 15.2% from 2019 to reach $279.8Bn by the year 2025.
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Let's Focus On The Now - MOXC Could Be Your Next Big Reversal/Bounce Idea
Heading into Monday's session, MOXC has been trading at strong support and has maintained the $1.21 level after a recent downtrend.
In your first two potential catalysts below, I'll highlight that even after this recent downtrend, between bullish technicals and specific oversold leaning technicals, MOXC could be bounce ready.
Your No. 1 Potential MOXC Catalyst
MOXC is displaying multiple bullish technicals according to Barchart's website.
Here's a list of the triggered technicals you need to pay attention to closely:
Short Term Indicators
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
By analyzing historical data, technical indicators can potentially provide an idea of the future movements of a stock. It's important to follow them closely.
Your No. 2 Potential MOXC Catalyst
MOXC's chart shows a profile on a recent down trend but could be primed for a major bounce.