Sep. 20 at 7:23 PM
$ARBB Yesterday, with the renewed surge into the closing of the after-hours, the price surpassed the upper boundaries of a triangle on the minute graph and a bullish pennant on the 5-minute chart, indicating potential targets of around
$13 and
$15.30, respectively, if validated.
Let's see if and when these targets will be reached and whether they turn out to be as prescient as the ones that had projected double digits for
$AGMH before its rally accelerated on Friday and hit the estimates.
The increase in ARBB's valuation has apparently been substantiated by its AI server sales totaling ~
$98M and contracts for smart IoT palm farming systems expected to generate annually recurring revenue streams of an aggregate of ~
$33M. It may also be undervalued in terms of the P/S ratio, ~0.34, quite a low figure (even to be less than that when the new revenue streams are considered). Based on these factors, it may have more upside potential (not advice, just observations, and probabilities)
