@Effendy Tay , that statement about XOX can get you into huge trouble if it is not truth. If not truth , it will be smart to delete the post before it accidently gone viral , because google search engine good in popping up key words
XOX currently in major downtrend based on parallel channel and its riding Correction Wave B to find a new Lower High.
There are potential limited upside to meet resistance @ 0.170 with Support @ 0.09 ( RRR 1:2.2). Breaking the downtrend channel could bring XOX to a new uptrend Impulse Wave 1 with Resistance area around 0.245 However, if 0.09 support is broken, next support could be as low as 0.055.
Volume is trading low at the moment, with not much news to report. Banker chip is also none means there are no push from institutions. With XOX high balance float (70% of 3.076 Billion shares), it needs bigger player to push the price higher. Relatively comparing to MYX:SEDANIA (40% of 302 Million shares) and MYX:OCK (20% of 958 Million shares), more injection needed in XOX to make the price move. Currently only 2 Corporate investors riding with XOX ( KGroup , and MARA Inc making up of 12.97%) [Source]
Additonally, XOX will also need more good catalyst/news, like what it did on 26 Aug (Agreement with AliPay Labs +57% in 2 days).
TAYOR guys !
p/s: I'm no expert, only a newbie trader practicing my new understanding on EW. Please help to feedback if you see any room for improvement. Thanks everyone.
(Kuala Lumpur, 13th) XOX said that the financial product jointly launched by XOX Telecom (XOX, 0165, GEM) and WETEK (China) Financial Information Services Co., Ltd. (WETEK Group), was awarded the Internet by the Malaysian government in September The financial product operating license is expected to introduce the "100-second fast lending" microfinance facility next month, which can help up to 2.2 million users.
Since its appearance in the late 1970s to the late 1980s, microfinance has a long history and is nothing new. However, it is still not enough to eliminate the problems of many poor countries in the world, because it still cannot make the poor people financially inclusive.
In recent years, with the development of artificial intelligence (AI), it may help to unlock the potential of microfinance.
There are only more good news than bad news about the company, haters gonna hate, when lose money blame the counters. Support already built up from 0.115 to 0.125. More potential upside than downside now. When things materialized you can chase later. :)
The story of limit up, good news, ant chain with xox, more sis, more private placement, more esos, these are the stories again and again with good news. Each good news they sell off to donate poorly. But don't mention that they lost in business and going to close down xox, they get very annoyed,, say all the fake news they giggle happily
XOX expects to push "100 Seconds Of Extreme Loans" next month to help 2.2 million users November 13, 2020 (Kuala Lumpur, 13) XOX said that Telecommunications (XOX, 0165, GEM) and WETEK (China) Financial Information Services Co., Ltd. (WETEK Group) jointly launched a financial product - WeFinance, in September has been issued by the Malaysian government Internet financial products operating license, is expected next month to promote "100 seconds of extremely fast loan" micro-credit facilities, can help up to 2.2 million users.
Micro-credit, which has a long history from the late 1970s to the late 1980s, is nothing new, but it is still not enough to eliminate the problems of many of the world's poor countries, as it still does not provide financial inclusion for the poor.
In recent years, the development of artificial intelligence (AI) may help unlock the potential of micro-credit. In an article entitled "The Use of Artificial Intelligence in Lending and Loan Management," Daniel Fagra, head of research at Emerj AI Research Consultants, points out that lending itself is a big data problem. Because to provide a loan, make sure that the lender's credit is good, and the more data you have, the better you can assess the lender's creditworthiness.
He also points out that while there is some controversy about the use of artificial intelligence to assess credit, such as privacy issues and discrimination, the use of artificial intelligence to filter alternative data to identify the use of credit for individuals will become more widespread.
Looking at the potential of this market, XOX said Telstra announced in July that it would launch an e-wallet platform in partnership with Wetek Group through its wholly-owned subsidiary XOX Media Pte Ltd, and that it would use Wetek Technology's microfinance facilities to encourage subscribers to use e-wallets.
WETEK Group is a leading fintech company in the Chinese market with cash loan products, big data risk monitoring, and cloud computing. The group is looking to technology big data to drive financial services, providing online micro-credit services to low- and middle-income groups through fintech platforms.
The group's cash-lending product, Worry-Free Borrowing, has introduced microcredit convenience in the Chinese market for the first time under the "100-second fast lending" model.
At the same time, WETEK Group, relying on its big data risk monitoring and cloud computing capabilities, pioneered the consumer micro-finance SAAS platform based on big data risk monitoring in the industry, allowing participants to join the consumer finance ecosystem through technology interfaces, so that capital, technology, customers, data, scenarios can effectively coordinate, greatly reduce transaction costs across the industry, and improve overall service efficiency, and promote the development of Universal Finance in China.
WetEK Group began last year to accelerate its global distribution and opened its first overseas branch in Vietnam.
Ant made 85% of the money by giving microloan to China people, and now XOX about to start the same business in Malaysia. Yes it is like Along and legal Along with 100sec approval. Along never lose money.
xOX should rename as JOC ( Joker owns company) u print money through SIS, now ask for PP I tot u wan to really invest 5g and along borrow Money n bring good impact to ur company but u spend our money to organise PUBG tournament with 2M plus???
now is pandemic covid19 It is not possible to organise PUBG tournament in any mall? Only u organise in public area only can promote ur own company ok? But now how? U wan to organise online only? Isn't it? Cost 2M? Really Soxxx la this company really treat our money like water No wonder fake queue today give stable thr to trap more retailers
News release on enanyang next month launcg Microfinancing with Wetek target 2.2Mil subscriber RM1Bil loan, using their latest 100 sec approval time. You press apply within 2mins approval. XOX keep to promise no talk talk
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bri4n_Loo
328 posts
Posted by bri4n_Loo > 2020-11-12 16:37 | Report Abuse
Ya!! Pls collect more. Eddie need to feed his dogs spreading news... Come come come