XOX: Potential 5G Play? Certainly stock to watch!

2020年8月2日

Few catalysts for XOX:
1. theedgemarkets.com/article/xox-partner-chinese-firm-explore-regional-5g-network-deployment
2. theedgemarkets.com/article/xox-largest-shareholder-ups-stake-new-major-equity-owner-emerges
3. theedgemarkets.com/article/xox-shares-soar-fouryear-high-after-announcing-microfinance-partnership-wetek

XOX has been heavily traded since 2 weeks ago due to the news that link it to 5G news. Could this possibly the new underdog in 5G theme? Its certainly attract attention with a little tweak in their management level.

Technical wise:
1. It has been steadily in an uptrend move.
2. In 1-hour chart, clearly there is a push or momentum at the last hour (from 0.235 to 0.260). The momentum could continue at least early Monday morning.
3. Strong support area can be observed at 0.230-0.240. Getting the price here would be a dream now.
4. Can re-enter if its break 0.260 and stay there for a period.

#TAYOR
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