Luxxfolio Holdings Inc is a Canada-based financial technology company that is developing a cloud-based blockchain platform to enable users to record and authenticate luxury assets and use them to qualify for personal financial products. These may include digital assets such as contract obligations, loan contracts, & cryptocurrency; and physical assets such as commercial equipment and consumer-based assets.
Symbol: LUXX.c
Market Outlook:
Luxxfolio Holdings Inc currently setting up a bull flag pattern off a nice double bottom in the mid 20’s, they recently announced a private placement at 0.35 which is currently still open. With Bitcoin making new all time highs names within the space continue to stay bullish, holding the 8ema on the daily chart with decreasing volume in this consolidation pattern we like this name going forward to continue it’s bullish move.
Support: $0.375 | $0.35 | $0.325
- 21sma – $0.325 (Daily)
- Long Term Support Level – $0.295 (Daily)
Resistance: $0.435 | $0.455 | $0.59 | $0.80
- Upper BB – $0.45
- Key Resistance – $0.40 | $0.435 | $0.455 (Daily)
Technicals: Watching closely for a breakout of this bull flag and a break above 0.455 on the daily chart. We’re watching for increased volume on the shorter time framed charts as an indication for higher highs, with a recent private placement announced at 0.35 we believe this has set a new floor for Luxxfolio Holdings Inc
Market Cap – $9.54M
O/S – 24.47M
Current Shorts – 21,123 shares
Sentiment: BULLISH
Sources:
https://www.tradingview.com/symbols/CSE-LUXX/
https://stockhouse.com/companies/quote?symbol=c.luxx
