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SmallCapFirm

Thursday Morning (PLIN) Update: Behind Key Triggered Technicals, This Nasdaq Idea Requires Full Focus Now

January 6th

SCF Readers,

The opening bell is almost here, so let's not waste another second.

I want you to get Nasdaq profile China Xiangtai Food Co., Ltd. (PLIN) back on your radar quickly. Here's why...

Right now, this profile is trading around oversold levels which means it could be primed for a healthy reversal/bounce near term.

With a 9-Day and 14-Day Relative Strength Indices below 41%, a 14-Day Raw Stochastic below 15%, and a 14-Day Williams %R above 85%, PLIN has multiple technical indicators that could be signaling it to be undervalued from current levels.

On top of that, PLIN is also displaying a multitude of triggered technicals that include:

Short Term Indicators

  • 20 - 50 Day MACD Oscillator
  • 20 - 100 Day MACD Oscillator
  • 20 - 200 Day MACD Oscillator

Plus, Barchart is providing a "100% BUY" opinion in the long term based on PLIN's technical indicators.

Furthermore, the company dropped this major news announcement very recently: China Xiangtai Food Co., Ltd. Announces Launch of U.S. Operation with Its New U.S. Headquarter Office in New York City

Remember, this is a low float idea that was a previous breakout star when I brought it to your attention for the first time.

Could we see that same type of move to close out this week?

Take a moment now and read my previous PLIN report below.

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China Xiangtai Food Co., Ltd. (PLIN)

China Xiangtai Food Co., Ltd. engages in the wholesale and retail of feed raw material in China. It distributes feed raw materials consisting of soybean meal and soybean oil. The company sells its products to animal husbandry businesses, feed solution manufacturers, and trading companies.

But more importantly, the company appears to be making a crucial shift at a potentially opportunistic time.

Here's what leads me to believe something special is changing within the company...

*Recent Hires Could Be Major PLIN Game-Changers*

Acting as potential catalysts, PLIN has made a few key hires that could point towards a significant shift for the company's future.

First off, on December 6th, the company did this:

China Xiangtai Food Co., Ltd. Announces Appointment of Senior Economist and Sophisticated Block-chain Scholar Dr. Erick W. Rengifo as Chief Strategy Officer and Director and Asset Management Expert Dr. Jiaming Li as President

CHONGQING, China, Dec. 06, 2021 (GLOBE NEWSWIRE) -- China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging growth company engaged in agricultural business with a diversified expansion strategy, today announced the appointment of Dr. Erick W. Rengifo as Chief Strategy Officer and Director and Dr. Jiaming Li as new President to succeed Mr. Xiaohui Wu, who has resigned on December 6, 2021.

Dr. Erick W. Rengifo is a Professor of Economics at Fordham University in New York. He is the founder of Terra Global Asset Management LLC, a registered in-vest-ment ad-visor, and Terra Fintech LLC, a technology firm cataloged by the SEC as a large tra-der. Dr. Rengifo specializes in full latency trading spectrum, algorithmic and mathematical and statistical strategies, as well as active and passive portfolio management. He has several years of research experience in Block-chain technology and its applications as well as significant experience in cry-pto-currencies. Dr. Rengifo is a PhD in Economics from the Catholic University of Louvain in Belgium. He serves in the investment committee of Fordham University Endowment and has been a consultant in issues related to capital markets, risk management, mining law and operations, among others.

Dr. Jiaming Li is the founder of MineOne Partners Limited, a cry-pto mining fund management company. Dr. Jiaming Li was a partner of TCC Capital and CEO of the Asset Management Center of Sinatay Ins. Co., Ltd, where he managed $11.6Bn in assets focused on fixed income, equity, debt in-vest-ment, and real estate. Dr. Jiaming Li also led the $1.2Bn acquisition of Silverbirch Hotel & Resorts. Dr. Jiaming Li is a PhD in Economics and Finance from Fordham University in New York and a postdoctoral fellow from Peking University in China.

[...]

But that wasn't all. On December 14th, PLIN made this announcement:

China Xiangtai Food Co., Ltd. Announces Appointment of Senior Block-chain Expert, Mr. Jinghai Jiang, as Chief Operating Officer

CHONGQING, China, Dec. 14, 2021 (GLOBE NEWSWIRE) -- China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging growth company engaged in agricultural business with a diversified expansion strategy, today announced the appointment of Mr. Jinghai Jiang as Chief Operating Officer.

Mr. Jiang graduated with a degree in Industrial Automation from Wuxi Radio and Television University in 2000. Mr. Jiang has been involved in block-chain technology since 2016, when he founded Haiyuan Culture Development Limited and Qisuan Technology Limited to research and apply block-chain technology. Mr. Jiang also created the online community "Big Cabbage Block-chain" and has published multiple white papers to teach block-chain technology and the cry-pto-currency business. As a result of his efforts, Mr. Jiang has become a global leader in the cry-pto-currency industry.

[...]

That's some pretty interesting stuff from a company that "distributes feed raw materials consisting of soybean meal and soybean oil."

So when I saw this next potential catalyst, my eyes almost exploded.

Huge Company Shift Underway? This Purchase Agreement News Says It All...

Last week on December 15th, PLIN shocked the markets with this announcement:

China Xiangtai Food Co., Ltd. Announces Completion Of Its First Purchase Of Spot Bit-coin Miners Worth $7Mn With Total Hash Rate Of 69,000 Th/s

CHONGQING, China, Dec. 15, 2021 /PRNewswire/ -- China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging growth company engaged in agricultural business with a diversified expansion strategy, today announced that the Company has entered into an asset purchase agreement through its Canadian subsidiary with a local company for the purchase of 742 spot first-tier new Bit-coin miners worth approximately $7Mn. The miners have all arrived at a mining facility in Canada and expect to begin generating revenue in Bit-coin within three days of the closing of the transaction, which will quickly help ramp up capacity from zero to 69,000 Th/s. Assuming the unit price of Bit-coin stabilizes at $50K for the first year, this new business line is expected to generate for the Company approximately $6.2Mn in revenue and contribute $4.4Mn in gross pro-fit before depreciation of miners.

[...]

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Triggered Technicals Could Be Key PLIN Potential Catalysts

With all the big news happenings, it may be easy to overlook PLIN's technicals.

But I'm telling you right now... Don't.

Acting as another potential catalyst, PLIN has several bullish technicals indicators across the short, medium, and long term.

Barchart is currently reporting these technical indicators as triggered (at close Wednesday):

Short Term Indicators

  • 20 - 50 Day MACD Oscillator
  • 20 - 100 Day MACD Oscillator
  • 20 - 200 Day MACD Oscillator

Medium Term Indicators

  • 50 - 100 Day MACD Oscillator
  • 50 - 150 Day MACD Oscillator
  • 50 - 200 Day MACD Oscillator

Long Term Indicators

  • 100 Day Moving Average
  • 150 Day Moving Average
  • 200 Day Moving Average
  • 100 - 200 Day MACD Oscillator

Count them. That's 11 triggered technical indicators.

Could this be a signal of things to come?

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PLIN: Another Low Float Profile

In recent months, we've brought several profiles to your attention that turned into intraday and short term breakout stars.

Many of these were low float profiles which is just another reason to pay attention to PLIN today.

According to the Yahoo Finance website, PLIN has a low float.

The website reports this profile to have approximately 34.11Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.

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Your Nasdaq Past Champ PLIN Recap

Let's cut to the chase because there's zero time to waste right now.

With the current company shift into the block-chain/cry-pto space, that should be enough reason to get this past champ on your radar.

Not only that, PLIN is a former champ that made a $2.00+ run when I brought it to your attention originally.

Mix in its bullish technicals and low float, and we may be watching a powder keg on the verge of explosion.

Coverage is officially reinitiated on PLIN. When you have time later, do this:

image

Get PLIN on your radar now.

Sincerely,

Axel Adams

Editor, SCF


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

Disclosure: Make sure to always do your own research and due diligence on any day and swing trade profile I bring to your attention. I am not a license d finan.cial advise r. All potential percentage gains are based on from the low to the high of day. SmallCapFirm's full disclosure is to be read and fully understood before using SmallCapFirm's website, or joining SmallCapFirm's email or text list. By viewing SmallCapFirm's website and/or reading SmallCapFirm's email or text newsletter you are agreeing to SmallCapFirm's full disclosure which can be read at: smallcapfirm.com/disclosure StockWireNews (stockwirenews . com) is owned by StockNewsWire LLC, a limited liability company. 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Pursuant to an agreement between StockNewsWire LLC and Awareness Consulting Network LLC, StockWireNews has been hired for a one day period beginning on 3/26/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid twenty-five thousand USD via bank wire transfer. We own zero shares of (PLIN). A member of StockNewsWire LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Awareness Consulting Network LLC, StockWireNews has been hired for a two day period beginning on 4/21/20 and ending on 4/22/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid seven thousand five hundred USD via bank wire transfer. We own zero shares of (PLIN). Pursuant to an agreement between SmallCapFirm and Awareness Consulting Network LLC, SmallCapFirm has been hired for a period beginning on 5/7/20 and ending on 5/8/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (PLIN). Pursuant to an agreement between SmallCapFirm and StockNewsWire LLC, SmallCapFirm has been hired for a one day period beginning on 5/27/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (PLIN). A member of StockNewsWire LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Venado Media LLC, StockWireNews has been hired for a one day period beginning on 5/27/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid twenty-five thousand USD via bank wire transfer. We own zero shares of (PLIN). A member of StockNewsWire LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Legends Media, LLC, StockWireNews has been hired for a one day period beginning on 8/3/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid fifteen thousand USD via bank wire transfer. We own zero shares of (PLIN). A member of StockNewsWire LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockWireNews LLC and Legends Media, LLC, StockWireNews was hired for a one day period beginning on 8/18/20 to publicly disseminate information about (PLIN) via Website, Email and SMS. We were paid fifteen thousand USD via bank wire transfer. We own zero shares of (PLIN). Pursuant to an agreement between SmallCapFirm and StockNewsWire LLC, SmallCapFirm has been hired for a period beginning on 12/20/21 and ending on 12/21/21 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (PLIN). To date, we have now been compensated a total of nineteen thousand USD via bank wire transfer to disseminate information about (PLIN). A member of StockNewsWire LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Legends Media LLC, StockWireNews has been hired for a period beginning on 12/20/21 and ending on 12/21/21 to publicly disseminate information about (PLIN) via Website, Email and SMS. We have been paid twenty-two thousand five hundred USD via bank wire transfer. We own zero shares of (PLIN). To date, we have been paid a total of one hundred and fifteen thousand USD via bank wire transfer to disseminate information about (PLIN). We have not been compensated for today's update profile on (PLIN).