3/24/23 *11AM Update*
Greetings Readers,
OXBR entering squeeze territory? More on that in a second.
After blitzing today’s opening bell, OXBR continues to impress as it maintains its early gains (still up approximately 20%).
On top of that, the markets are getting pummeled which makes things even more interesting.
But here’s the thing, OXBR is trading above 2 key lines of potential support in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average.
And with a 200-Day SMA only slightly above its current trading levels, a potential squeeze could be on tap.
If OXBR texts its 200-Day SMA and breaks down potential resistance, it could start drawing a lot of attention from across the market.
Plus, OXBR reached a new 1.5 month high of $2.41+ this morning.
Take a second now to get OXBR on your watch-list (before it’s too late).
Sincerely,
Virtus Junxit
3/24/23 *10AM Update*
Greetings Readers,
OXBR is coming out red hot early. Watching yet?
Rocketing to an early $2.40 high, OXBR is blasting vertically up approximately 20%.
Is this just the start?
With today’s green move, OXBR has now firmly planted itself above 2 important lines of potential support in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average (EMA).
But this is where things get interesting. OXBR is closing in on its 200-Day SMA. Could this mean a potential squeeze will be in the cards near term?
Make sure to watch those lines intently today.
Take a moment now to review my previous OXBR report and get this low float Nasdaq idea pulled up quickly.
Sincerely,
Virtus Junxit
3/24/23
Greetings Readers,
How about a quick recap?
Even with a topsy-turvy Nasdaq Market over the past few weeks, we’ve been able to deliver a handful of short term, breakout ideas.
Check them out:
March 13th Profile: Opening at $.798, this Nasdaq profile surged to a high of $.935 one day later for an approximate 17% surge.
March 8th Profile: This Nasdaq idea turned into a $1.00+ (approx.) mover when it opened at $3.31 and ran to a $4.54 high the following session. That move resulted in a short term blast of approximately 37%.
February 28th Profile: An approximate $1.50+ runner, this profile erupted over a 3-day stretch from an open of $4.18 to a high of $5.70. Overall, that run provided an approximate 36% explosion in no time at all.
So what’s on tap next? Great question and strap in.
This new breakout idea needs to be on radar immediately this morning based on this: a low float under 5Mn shares, an explosive chart history, and game-changing news early in 2023.
Ready for more? Good.
Forget everything else this moment and pull up this Nasdaq breakout idea:
Oxbridge Re Holdings Limited (OXBR)
Oxbridge Re is a Cayman Islands reinsurance holding company that provides reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States.
Through their wholly owned Cayman Islands reinsurance subsidiary, Oxbridge Reinsurance Limited, they write fully collateralized policies to cover property losses from specified catastrophes. They specialize in underwriting medium frequency, high severity risks, where they believe sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts.
Oxbridge Re underwrites reinsurance contracts on a selective and opportunistic basis as opportunities arise based on their goal of achieving favorable long-term returns on equity for their shareholders. Their goal is to achieve long-term growth in book value per share by writing business that will generate attractive underwriting pro-fits relative to the risk they bear.
Check out more key company details at the link.
And this second, OXBR could become a breakout target based on these 3 potential catalysts. Chew on these:
No. 1: OXBR is a low float idea which means volatility could be on display.
Yahoo Finance reports OXBR to have a float of about 4.68Mn shares.
This is small, which means that volatility could pop up at the drop of a hat.
That could explain why OXBR had a massive green eruption at the beginning of its 3-month chart…
No. 2: Explosive potential observed on OXBR’s chart.
Take a peek:
To kick off 2023, OXBR went soaring.
From a low of $1.16 on January 3rd to a high of $2.87 on January 11th, OXBR went on a $1.50+ surge.
The move resulted in OXBR rocketing 147% in the short term.
And with OXBR running green this week, it could be signaling another potential breakout could be nearing. Observe this one closely.
No. 3: This huge OXBR press release could be under-the-radar and only beginning to circulate.
Towards the end of last month, OXBR dropped this big news:
Oxbridge Announces Filing of SPAC Business Combination Agreement
GRAND CAYMAN, Cayman Islands, Feb. 28, 2023 (GLOBE NEWSWIRE) — Oxbridge Re (NASDAQ: OXBR)(the “Company”) today announced that Oxbridge Acquisition Corp. (NASDAQ: OXAC), a Cayman Islands special purpose acquisition company, issued a press release and filed a Current Report on Form 8-K with the Securities and Exchange Commission (“SEC”) in connection with a Oxbridge Acquisition business combination with Jet Token Inc. (“Jet”), a Delaware based company. Upon the closing of the transaction, the combined company will be named Jet.AI Inc. Jet offers fractional aircraft ownership, jet card, aircraft brokerage and charter service through its fleet of private aircraft and those of Jet’s Argus Platinum operating partner. Jet’s charter app enables travelers to look, book and fly. The funding and capital markets access from this transaction is expected to enable Jet to continue its growth strategy of AI software development and fleet expansion. The business combination is expected to be completed late in the second quarter of 2023.
…
“We believe this transaction will unlock significant value to Oxbridge shareholders,” commented Oxbridge Re Holdings Limited’s President and Chief Executive Officer Jay Madhu.
Read the complete article here.
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The opening bell just popped off. How long will it take you to get Oxbridge Re Holdings Limited (OXBR) on radar today?
When updates arise, I’ll get them out quickly. Talk again shortly.
Sincerely,
Virtus Junxit
