As of 10:00AM EST Thursday, it was trading above several lines of potential support. Look at:
- 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, it ripped to a high of $.55 one day later for a run of 139%.
#2. From an open of $.27 on December 22nd, 202, it roared to a high of $.996 intraday for a move of 268%.
#3. More recently, it 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 the company.
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, it 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 (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.
Potential 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
Coverage is officially initiated on the company. When you have some time, do this to make sure you get any updates as quickly as you can: