Only upside gaps to be filled with closing trades. The fundamental picture supports a major a move higher: the technical chart is its language to be seen. The first chapter is being disclosed. A great chart pattern is underway.
A trade below $3.73 is required to fill the, aforementioned, gap. And, a new gap was created at the outset of this most recent rally, that must be filled with a trade below $4.05. The good news, is that gaps to the upside remain to be closed with trades above $6.18, and $7.75. Would be nice to fill the downside gaps, first, before it attempts a greater move to the upside.
S.E.C. grants a 40, or 90-day, quiet period to I.P.O.s, only.
May require a few trdng. days, but a close above $14 should arrive. Beyond that, typical, seasonal interest in equities shall carry it. A strong fourth qtr. for markets, generally, is more likely, the longer this consolidation moves on.
Further, I expect a dynamic market move over 2016, taking us to loftier valuation, but predicated on continued, but unexpected, economic growth. A few robust qtrs. cannot be discounted.
China, very much including.
Only the regulatory authority in the respective domicile has control over imposing bankruptcy action, or any other. All of the exercise over matter has no substance in practicality. Regardless, the company will continue operations in China, and soon, to begin new product introductions.
I spoke to the gal at Paritz PA, responsible for the auditing of ABAT, a couple of weeks ago. ABAT has not yet provided the documents requested by Paritz PA. Expect, instead, to read that ABAT has re-launched a production facility dedicated to their joint -effort battery products, heretofore, mentioned in their public releases. The resulting interest, and fulfillment, of initial orders of these new products, shall eclipse any history of ABAT financial data. That, shall be the date of financial release to Paritz PA.
Re-purposing of the ABAT facility for production of the fast-charging lithium-titanate battery is nearing completion. Long-Power, a subsidiary of Western Resources, will work in conjunction with ABAT on the motive-power batteries for super-cars.