Date : November 15, 2018
New Opportunity: Agora Holdings Inc. (OTCMKTS: AGHI)
One of the most important opportunities in the market right now is wading through the blood running through the streets in the Chinese asset market. As the Trump administration begins to show increasing signs of weariness with the trade war, China is gearing up massive new stimulus measures that may bolt the Chinese infrastructure and trading juggernaut back into high gear.
One stock that has lined up take perfect advantage of this shift is AGHI. Read on to find out how this company is lined up to capitalize on the coming shift in the global trade landscape.
Company: Agora Holdings Inc.
Latest News: http://finance.yahoo.com/q/h?s=AGHI+Headlines
Company Website: http://agoraholdingsinc.com/
Who is AGHI
Agora Holdings Inc. (OTCMKTS: AGHI), as part of its new share exchange agreement with eSilknet, is now moving into the B2B social network business.
The concept of eSilknet is in line with the original concept of the “silkroad”, facilitating trade and commerce between countries, only a global scale.
As a part of eSilkroad, it allows you to solve all the key issues of international business activity in one single place online. eSilknet provides for a quick, cheap, and efficient interaction among organizations across the world.
According to company materials, the platform allows users to:
- Search for and communicate with business partners in Silk Road countries.
- Search for and post sell/buy trade propositions and investment projects.
- Promote and be informed about international business and cultural events.
eSilknet users can use Search function to search for something or someone corresponding to their business interests: people, companies, non-profit organizations, events, trade “sell” and “buy” offers, investment opportunities, publications. Yet, users can still opt to receive relevant trade/investment offers generated by the network automatically, instead of or besides using Search
There’s a ton to chew on here, but we want to highlight two massive catalysts that are set to define the path ahead for this interesting speculative name.
First, the company just announced that its 51% owned subsidiary, eSilkroad Network Limited, in partnership with its design content firm, BRAB Ukraine (www.brabagency.com), presented web design prototypes of its first B2B pages for the social network e-Silknet October 16-17, 2018 in the city of Zhangjiajie, Hunan Province, China at a summit conference of Silk Road business leaders.
Mr. Ruben Yakubov, President, commented, “The showcase event organized by the China International Chamber of Commerce, the Silk Road International Chamber of Commerce, the Zhangjiajie Municipal People’s Government, the China Association for the Promotion of Friendship, and the Hunan Province International Trade Facilitation Committee, is the perfect venue to unveil the first prototype of our B2B eSilknet platform and allow industry partners a first look at the design. Feedback from industry leaders will be invaluable as we continue to develop our site for commercial launch. BRAB has been a fundamental partner in this project.”
Second, the company more recently announced that it has entered into a Letter of Intent with Beijing Nuozhou Technology Company Ltd., the creator of www.ono.chat, a blockchain social media platform with over 3.8 million users across the globe.
According to the company’s release, under the terms of the Letter, the two parties intend to enter into a formal partnership agreement following a due diligence period of 40 days. The partnership agreement is expected to include terms which advance the strategic goals of each of the parties, allow for the testing and advancement of the “eSilknet” platform in China and globally leveraging the existing ONO database, and providing for the introduction of the ONO social media platform to the European markets and the Commonwealth of Independent States.
eSilkroad Network President, Mr. Oleg Sytnyk commented, “We are extremely excited to be negotiating a partnership agreement with the creators of the ONO platform. Through this strategic cooperation we believe we can take great steps forward in the validation of our proprietary B2B “eSilknet” platform, and ultimately help to expand the ONO user base on a global scale.
Take a look at the basing pattern shown below. Take particular notice of the bullish triple divergence in the RSI indicator and the gradual increase in average trading volume over the course of the bottoming base pattern.
This marks out a strong potential that we are in a cup-with-handle pattern.
AGHI (Agora Holdings Inc.), together with its subsidiary Geegle Media and affiliates, is presently an entertainment and media enterprise. Agora Holdings Inc. brings together media and technology, driving innovation to enhance online entertainment in five business segments: media networks, TV, studio entertainment, consumer products and interactive media. Agora is seeking to expand its portfolio to include dynamic and interactive web-based networking platforms for global implementation.
With this new share exchange agreement in place with eSilkroad Network, the company is going to be hip-deep in B2B social networking, which represents an enormous growth opportunity.
- AGHI appears set to be integrating with eSilkroad Network Ltd, a web-based platform that will allow users to search for and communicate with business partners, search for and post proposals for investment and opportunity in developing projects globally, place advertisements for products and services, communicate securely on trade and project development and attract professional services for specific project-based needs.
- AGHI has a small trading float of just 15.2M, which suggests the stock could launch higher on any additional influx of interest.
- AGHI shares have been holding key dime support and appear to be moving off of that support with plenty of upside potential overhead.
- AGHI is coming off an bullish RSI triple divergence that could help signal a key opportunity in the technical picture for the stock.
- AGHI just entered into a Letter of Intent with Beijing Nuozhou Technology Company Ltd., the creator of www.ono.chat, a blockchain social media platform with over 3.8 million users across the globe.
The old Silk Road was a revolutionary development in the process of cultural development and integration of cultures and industries. eSilkroad Network is a new step in the same direction with potentially huge upside in front of it in terms of adoption and impact.
AGHI has aligned itself with that potential. And the small float and potentially bullish chart both augur well for the outcome.