According to Investopedia.com, "A price channel is a chart pattern that graphically depicts the peaks and troughs of a security's price over a period of time."
Right now, FERL is trading in one of its more recent troughs.
This could be a key sign of what's to come...
At 12:00PM EST Tuesday, FERL was trading at approximately $.0925, or, around the bottom of its range since June 5th.
In the meantime, since the 5th, FERL has risen all the way to a high of $.159.
With FERL holding channel support over the previous 3.5 weeks, it could be just a matter of time until a bounce carries it back towards that previous channel high of $.159.
That could provide this stock with potential upside of approximately 71% in the short-term from Tuesday's 12:00PM EST trading levels (approx. $.0925).
Now, let's examine closer. What happened on the 15th?
FERL released major news regarding the acquisition of an award earning film.
Could all it take is a little positive company news to bring some serious buzz to this profile and shoot this stock's price back towards this recent channel high?
Key Industry Details
Did you know that the global video streaming market size is expected to reach $184.3Bn by 2027, according to a new report by Grand View Research, Inc?
These figures highlight the need for new, interesting content for all media platforms.
Netflix isn't the only company who’s shelling out a beaucoop in content budgets any more.
There is Apple, Amazon, Disney, HBO, NBC, Roku – the list goes on.
These companies are massive entertainment distributors who are now fighting for one thing… where you spend your waking hours streaming entertainment.
Fearless Films, Inc. (FERL) is an independent full-service production company founded by award-earning actor/ producer Victor Altomare along with award-earning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution.
Since its inception, Fearless Films has been on the map as a top independent producer earning accolades at most major film festivals and is known to have a keen eye for emerging talent.
Here's why you need to play close attention to FERL right now.
Your #1 FERL Potential Catalyst
Fearless Films Acquires Another Award-Winning Film
TORONTO, June 24, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTCQB: FERL) is pleased to announce that it has completed an agreement to acquire Only Minutes, a significant addition to the company's growing library of media titles.
Only Minutes was written and directed by Goran Kalezic. The movie premiered at the Fort Lauderdale International film festival where it was the winner of the Critic's Choice award. It has also been featured in the Hollywood Film Festival. Goran Kalezic is a writer and director, known for Only Minutes, The Great Chameleon (2012), The Bartender (2005) Audience Favoured at Indyfest and Bag the Wolf (2000). He is also the author of Dostoevsky's Anarchists: A Screenplay Adaptation of Dostoevsky's Demons (2018).
[...]
The film will join The Great Chameleon and The Lunatic as part of the Company's growing content library and complements the company's strategy of building an inventory of high-quality films that will be supplemented with new in-house productions.
Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. stated, "Fearless Films is about high-quality productions and entertainment. It's not often that films that have featured at the Hollywood Film Festival are available. When Only Minutes was made available to the Company, we seized the opp. to acquire it. It is a tremendous addition to our growing library of quality films."
Read The Full Article Here.
Your #2 FERL Potential Catalyst
Fearless Films Expands Film, Media and Movie Brands with Acquisition of FilmOla.com
TORONTO, June 17, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTCQB: FERL) today announced the acquisition of FilmOla.com ("FilmOla") to add additional revenue and distribution. Fearless Films, Inc. (FERL) operates as an independent full-service production company. The Company's service scope specializes in short film and feature film, as well as script writing, copywriting, fulfillment and distribution.
FilmOla is an online marketplace where content is showcased and updated instantly to a trusted global community of viewers, reaching new audiences and new markets 24/7. The platform is also launching an online- social media platform for film and movie junkies to connect. FilmOla earns revenue from advertising and online affiliate programs. FilmOla leverages affiliate marketing to drive revenue to the media channel by connecting viewers interested in film and movie content.
Read The Full Article Here.
Your #3 FERL Potential Catalyst
Fearless Films Acquires Award-Earning Film
TORONTO, June 15, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTCQB: FERL) is pleased to announce that it has completed an agreement to acquire the acclaimed The Lunatic, a film whose rights were held by Victor Altomare, the President of Fearless Films Inc., the Company's operating subsidiary.
The Company has agreed to acquire the film in an all-stock transaction. The number of shares to be issued will be determined by the final price for the film as determined by an independent valuation of the film. The film will join The Great Chameleon as Fearless Films, Inc. as part of our content library.
The Lunatic was produced by Victor Altomare and directed by Robert Longo. The movie premiered at the Montreal Film festival as an official selection, won the bronze award in Houston Film Festival, and was also awarded at the Yorkton Short Film Video festival.
The Lunatic stars Victor Altomare, who portrays a murderer who feigns insanity in order to avoid electrocution, along with Lazar Rockwood (known for Witchblade and Antigone), Jennifer Dale (received Earle Grey Award recognizing her lifetime achievements in the Canadian entertainment industry), and boxing great George Chuvalo (who twice fought against Muhammad Ali for the heavyweight championship).
Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. stated, "Fearless Films was founded with the idea of producing quality entertainment with project budgets under $6Mn. While we work on new productions, we want to build the library of the company; acquiring previously-completed productions helps grow our value proposition for distributors."
Your #4 FERL Potential Catalyst
Fearless Films Announces Plan to Accelerate Film Development
TORONTO, June 1, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTCQB: FERL) is pleased to announce that it is acting to widen the scope of its film development efforts with a goal of being quicker and more agile in bringing projects to market. The Company is undertaking these changes to capitalize on recent changes in the consumer patterns of media consumption.
To become more agile in production and to accelerate the pace of developing our projects, we are in discussion with a significant Los Angeles-based film production company to partner on the production of scripts. This production partnership will be of great benefit in sourcing locations, talent and facilities due to their long experience in film production. These discussions are preliminary and will require formal contracts once agreement has been reached on final details.
[...]
Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. stated, "Fearless Films was founded with the idea of producing quality entertainment with project budgets under $6Mn. Partnering on the development of scripts is a logical next step for the Company as it allows our creative content to reach market sooner than if we had gone it alone."
-----
This is exciting news as it shows the company to be accelerating its business ventures in a positive manner.
Plus, with the way the industry of streaming entertainment is shaping up, content will be needed more now than ever.
Capitalizing in the change of consumer patterns, when it comes to media consumption, could make FERL's future productions much sought after especially if they can make more content at a faster pace.
Your #5 FERL Potential Catalyst
FERL is a low float stock profile with explosive breakout potential.
On several occasions during 2020, FERL's chart exhibits multiple short-term spikes made capable from the volatile nature of its share structure.
The OTC Markets website reports FERL to have fewer than 19Mn shares in its float.
As we've seen previously, floats with this few of shares can be extremely volatile. The slightest bit of good news, like a positive press release, can fuel a stock like this on a major breakout ride.
Could that news be right around the corner?
-----
Your Fearless Films (FERL) Key Recap
#1. Fearless Films (FERL) operates within the global video streaming market which is expected to reach a value of USD $184.3Bn by 2027 according to Grand View Research. In order to offer original and diverse entertainment options for their customers, providers will continue to up their spending in the years to come.
#2. Netflix, Amazon, Hulu, HBO, and more are shelling out significant sums for original content. This will only create more opp's for Fearless Films and other companies to meet this outburst of content demand.
#3. With multiple completed scripts for development and a new plan for accelerating the development of productions, FERL's future assets could be highly sought after products by companies like Netflix, Amazon, Hulu, and HBO.
#4. Experience matters. FERL's management team contains members with significant experience over multiple industries, including business and entertainment, which puts the company in good for future successes.
#5. There is major demand for original streaming content from quality production companies. This demand appears to be on the rise on a daily basis. With companies creating new streaming services left and right, more content will be required. Companies like Fearless Films have a real chance to claim their piece of the multi-Bn dollar video streaming market.
------
Coverage officially initiated on FERL.
