As of 10:00AM EST Thursday, UMAX was trading above several lines of potential support. They are UMAX's:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
On top of that, this profile has demonstrated the ability to make staggering short term moves. Here's quick list of examples:
#1. From a low of $.23 on October 12th, 2020, UMAX ripped to a high of $.55 one day later for a run of 139%.
#2. From an open of $.27 on December 22nd, 202, UMAX roared to a high of $.996 intraday for a move of 268%.
#3. More recently, UMAX blazed its way from an open of $.151 on June 22nd to a high of $.4005 the following day. That run resulted in a surge of 165%.
Those are only 3 examples of 100%+ breakout short term moves for UMAX.
Could another run be right around the corner for this low float idea?
Your No. 3 Potential Breakout Catalyst - Wednesday's Big Facility Buzz News
UMAX GROUP CORP. - New Comedy Facility Creating Buzz in Los Angeles
LAS VEGAS, NV / ACCESSWIRE / August 4, 2021 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, has built a state-of-the-art facility in Downtown Los Angeles that has become a one-stop shop for live comedy shows.
After the acquisition of Funny Media Group in May 2021, UMAX has now fully transitioned into comedy development as the vehicle to achieve a cash-flow positive operation and to provide the best return on shareholder's in-vest-ment.
Rondell Fletcher (UMAX President and CEO), who has been producing content for more than 18 years, says that the facility-known informally as the Comedy Cube-has already become an important part of the comedy community.
"The comedians love it, the live audiences love it, and it allows us to produce comedy specials in 4K at a relatively low production cost," Mr. Fletcher says. "We've created a great vibe and am-az-ing buzz."
"We have in-vest-ed approximately $200K USD in on-site video and production equipment along with over $200K USD in the full-facility build out and approximately $500K USD producing the comedy specials so far," Mr. Fletcher adds.
In this 6,000-sq.ft. location, Funny Media Group has brought in more than 100 comedians for their own shows since May 2021. The shows feature an MC, a Live DJ plus custom graphics on a 100-foot curved video wall, all in front of a live audience. After shooting, Funny Media Group adds a graphics package and locks in the color and audio.
The first five specials will be released on August 9, 2021, on Funny Media Group's website and YouTube channel. After that, three shows per week will be released, one each on Monday, Wednesday, and Friday.
"We've been blown away by the talent," Mr. Fletcher says. "The facility has introduced us to some am-az-ing comedians, and we are giving them the opp. to have their own comedy special. It's a W*-W* and nobody else is doing it."
Funny Media Group has booked The Comedy Cube through October, Mr. Fletcher adds.
Mr. Fletcher has an extensive producer and media background. He has owned his own production studio in Los Angeles for the past 10 years and has produced several miniseries. Additionally, Fletcher has worked with networks such as Fox, Food Network and CNN to produce shows shown on a nationwide scale. The short-term goal is to produce content for streaming services like Net-flix and Amazon with the long-term goal being to build a large enough media catalog that any of the current streaming services would be interested in acquiring.
Read the full article here.
Your No. 4 Potential Breakout Catalyst - Major Changes To Capital Structure
UMAX Group Corp. – Changes to Capital Structure
LAS VEGAS, NV / ACCESSWIRE / May 27, 2021 / UMAX Group Corp. (OTC PINK:UMAX), a Nevada corporation, would like to provide an update on the proposed cancellation of 500,000,000 shares of its Common St-ock and the subsequent lowering of the Company's authorized Common St-ock.
Mr. Fletcher further stated…"Upon completion of the Cancellation, the Company will immediately amend its articles of incorporation registered with the Secretary of State of Nevada to lower its authorized Common St-ock from 1,850,000,00 shares to 500,000,000 shares. The Company will also notify OTC Markets Group, Inc. of this corporate action. The lowering of the Company's authorized Common St-ock is part of the Company's efforts to restructure the capitalization of the Company to ben-efit shareholders and to become attractive to future company acquisitions."
Read the full article here.
Potential UMAX Breakout Catalysts Recap
No. 1 - Low Float
No. 2 - Spiking Chart History / Trading Above Multiple Lines Of Possible Support
No. 3 - Wednesday's Big Facility Buzz News
No. 4 - Major Changes To Capital Structure
Coverage is officially initiated on UMAX. When you have some time, do this to make sure you get any updates as quickly as you can: