What's good you filthy animals? How are we doing this morning? Oh man, i'm recording this a little bit late. I usually get up well, i got up early, but i usually start recording earlier at 6 15 a.m. Right now usually got these knocked out by about 4 30 or 5 a.m, but anywho. What is up? Everybody welcome to trace trades, we're gon na technical analysis on different stocks in the stock market, as well as potential buy, or they sell opinions on these.

Given stocks, like your purpose, by saying that i'm not a financial advisor and an expert so take what i said: the grain of salt, let's get into the video today, my friends were giving you a quick update on ticker symbol, s-e-n-s up here in the top left Of your screen sense onyx. This is a stock that i have absolute conviction in man, i'm so excited today, and we've got an actual news catalyst that is pretty well anticipated that we need to talk about as well. So, if you're new to the stock, this stock we're going to run through the basic fundamentals of the company, the why? Why should you care? Where is the growth potential here and then we look at the news catalyst that we are expecting to happen here today. That could really drive some price action right and some some anticipation speculation in terms of what they might talk about and then the mean potatoes, which is the chart set up.

So we're look at the one month chart as well as day one day, one minute chart to get both a macroscopic and microscopic perspective of the overall price action. I've got a couple. Different indicators pulled up the rsi down here, which is relative strength index anything over 70's overbought. Anything under 30 is oversold.

Then we've got the 200 em in this purple trendline on the 15 day ma, which is this blue trend line, the 280ma is the exponential moving average. This is a price action-based valuation trendline over a 200-day moving period, which gives us a macroscopic perspective of the overall price action. Then we've got the 15-day ma, which is the moving average uh. This is a price, action-based valuation turn on over to a 15-day moving period, which gives us a microscopic perspective of the overall price action.

We use these side by side, so we can predict upcoming, breakouts breakdowns, uh periods of consolidation, um periods of volatility, low volatility, the whole nine yards, so we're gon na look at entry points on this. Both bullish and bearish momentum patterns level, awesome support and resistance levels. We've got quite a bit to talk about, so, let's get into the video. What do these guys do? They're, a healthcare, pharmaceuticals and medical research and a biotech company they're a medical technology company.

They focus on the design, development and commercialization of glucose monitoring systems. The company operates through glucose monitoring systems segment. That offers a continuous glucose monitoring system ever since, which has designed an implantable cgm system designed to continually measure glucose levels in people with diabetes. This ever since system as compared to the dexcom g6 system is what gets me so fired up.

It's got a lot of possible growth potential and we're gon na tell you a couple more reasons why the company's ever sent system consists of components such as a sensor which is inserted, subcutaneously, meaning under the arm uh by a healthcare provider, an external removable, smart transmitter That receives assesses and relays the data from the sensor and also provides vibratory alerts and a mobile application that receives data from the transmitter and provides real-time glucose readings alerts and other data on the user's mobile device, such as the smartphone apple watch or tablet. So, what's interesting about this is there's no fingerprints involved in comparison of the dexcom system. There's no real difference there, however, the dexcom system, utilizes uh and we're gon na get into this more. The g6 system, which only gives you continuous glucose monitoring for 10 days, which is a huge, huge, huge difference in comparison to sensonyx, which gives you a 90-day glucose monitoring system.

As of now, we actually have more in the work, so we're going to get into that here in this video. So i just want to show you the overall product here really quick, so the cgm ever since system you've got the sensor right here right, which is professionally placed subcutaneously in your arm. You've got the transmitter which gives you vibratory alerts, and then the mobile app will also transmit over to there. If you don't have your mobile app on you, it will actually give you the vibratory alerts that you know exactly when you need to monitor your glucose levels.

Right, so you can, you know, increase your blood. Sugar levels decrease your blood sugar levels, whatever you need to do. It gives you data every five minutes, your mobile device. If you need that right - and this is life or death stuff, my friends there's never going to be a decrease in demand for sensonics.

This is a company that no matter what the price is, i've got conviction in that it is going to grow. I am not going to be selling. In fact, i am only going to be adding on dips for every opportunity that i've got here with sensonics, so the great great system they've got this. This 90-day cgm system, as of now they're working on a 180-day cgs cgm system as well, it's awaiting fda approval.

It's expected to get released sometime in early 2021. Some people speculate that this news event, which i'm going to talk about here in a minute, is going to be somewhere where they talk about this, and that could really drive the price action here for sensonyx. They also have a 365-day system, which would be the cherry on top of the icing on top of the nasty filthy cake. If they got that fda approved by friends - and we know they know how to do it right, so they already have the 90-day system, which has been fda approved.

So to me. That gives me a lot of confidence in the fact that they can make this happen. As long as the technology is up to spec right, so that's very important to take into consideration here in comparison to dexcom. Right.

Dexcom only has a 10-day cnn monitoring system, which is to me night and day right. That is, that is huge, and something else to take into consideration is with that dexcom g6 system right. That is not something that is inserted, subcutaneous in the arm. Some people would do this as a as a con right because you might have scar tissue happening, but i've actually talked to some people.

You know i've had people message me on twitter and instagram, saying hey just so. You know. I've talked to some people who have had this sort of procedure done. They had no scarring issues so take that for what it is um, but i see that as a good thing to uh take into consideration when you wan na maybe invest in sensonics.

So, let's take a quick peek at the dexcom system. The g6 system right uh, we're just gon na pull up their website, really quick and show you exactly what it's all about. So the learn learn more about the cgm system. Their products we're just gon na pull up the dexcom g6 system.

So, as you can see here, it's a patch, it's a wearable sensor that no one will know you're wearing you have to put this onto your abdomen. I would find that a little less comfortable than uh than having that that sensor inserted in my arm. I would honestly personally have that that's just me, everybody's different, of course um, and i don't see you know dexcom necessarily going anywhere. However, i think competition is good.

I view the same as like tesla versus lucid motors right, they're, gon na be able to work together, or, i should say, work against each other to drive price action on both of those different stocks. So that's very solid to see. Without a doubt. I think that sensonic system looks superior at first glance right, but their their overall financial situation is a little bit different, we'll get into that as well.

They have an upcoming news catalyst today, the 10th annual svb lyric global healthcare conference. I don't know what time this is at it's not available on their website. However, this is going to be happening today and there's a lot of speculation and excitement and hype towards this event. I think that is why i've been seeing a slow climb here in price action, the last two days so taking that into consideration with this stock, it does have some really good short-term potential, as well as long-term potential and if they announce some great stuff at this Global healthcare conference: i think that is going to really drive the price action and get some more people excited about sensonics i've got the institutional ownership pulled up.

I do like to always share this. Anything over 10 to me is significant. We do have 19.24 institutional ownership, with 71.6 million shares out of the total outstanding shares of 372 million, which is a pretty solid number. I would like to see that maybe a little bit higher, but i would say anything over 10 is significant right.

Whenever you've got institutions or big money, stepping into this that's a big deal, because this is a penny stock right institutions are not going to risk it for the biscuit on a penny stock. They don't believe in it and they haven't done. The research on they've got a lot more resources available to them that i have available to me and you have available to you right. So we've got four companies that stepped into this as of february 16th, which makes up a large portion of the overall institutional ownership.

Here right, in fact, i think the number is actually going to be a little bit higher than we're indicating here. Maybe this number isn't quite updated 19.24, because i would say, as of you know, the 16th we've got almost five here. That would make up about 17, 20 26 about so 26 institutional ownership, just based on those four investors alone on february 16th. So uh there's a lot of big buyers stepping into this 28 million shares from roche finance.

So i think these guys know something. Maybe we don't, i think, they're anticipating a little bit of hype, a little bit of build up, maybe towards that 180 day cgm system. So that is very solid. I do like to see that in terms of uh different data and numbers, we do have really really high short interest here.

So look at the utilization on this utilization essentially refers to total lendable short shares available to the public right. We've got 77.74 of those being held as of right now, which means only 23 of the total lendable short shares are currently available for trading, so this is a pretty heavily shorted stock cost of the bar is pretty high right. So there's there's, i would say, less chance of the the shorts holding their position in this for a long time because they are accruing interest day over day. That is an annual interest rate of 15.06 percent, and the days to cover is one point: five, nine anything over one is significant to me.

That means it is more difficult for shorts to cover their position. You get this number by taking the short interest and dividing it by the three month average volume right - and that is 1.59, meaning that right now it is tough for shorts to cover their position here in uh in c-s-e-n-s sense onyx. So i do like to see that that means in the short term, you do have potential here for a possible squeeze and i do have some call options on the stock in anticipation for this event, driving some price action and a possible squeeze as well. I am down on these call options as of now i'll just show them really quick, i'm down 70 bucks.

26 percent. I had four of them uh, but i do anticipate that, based on today's event, you could have some possible good price action to come. Last thing. I want to talk about before we get into the chart.

Setup is the financial situation, and year over year, over year, they've been growing. That's very that's a good thing to see right uh. In 2019, they had 21.3 million dollars in total revenue. A lot of cost of revenue, 40.75 million dollars and my anticipation is they're, putting a lot of money into these different ever since products.

The 90 day system, the 180 day, the 360 day right and researching and developing, holding and refining that product. So they can really commercialize it and be profitable down the road, so gross profit is negative, and that has been something that's been growing more negative year over year over year right. But what i do like to see is a total revenues going up and they are putting a lot of money into marketing and development. Uh, marketing and administrative r d costs right so they're doing everything they can to really get this into the the hands of people who are going to need it.

So very, very happy about that. I think it's going to be a solid green day here and let's just get into the chart setup. So what do we have right? Now? We have a little bit of a downward channel which we did break out of here. We have that wide range candle bar closing above this uh.

This descending level of resistance now actually has a level of uh support, and then we've got a ascending level of support as well. We bottomed out here when we had that nasty day in the market at right around three dollars and 30 cents, and it's been very slowly climbing ever since, and i don't mind that i don't mind that at all 15 i may just cross over the 200dma. My friends, this is my literal favorite sort of setup for stock to buy into with a huge potential for a breakout. We got the 15ma hooking away from the 200ma, which indicates an increase in volatility likely to come right, our size, slowly, starting to build momentum.

The volume yesterday was pretty solid in comparison to these red days. Right, i would say it was up just a little bit. It was mostly green volume, so that's good as well. I would anticipate today having a decent amount of volume, especially if we get some great press release from this in this conference that we were expecting to happen today from since onix.

So, oh man, this could be something really really nasty. My friends it is, it is looking very bullish in nature. We just got that crossover on the 15 mm over the 20ma. The volume is there right.

It's got nice consistent volume as well, which makes it a predictable long-term stock. So there's a couple ways you can play this out guys i i feel very, very good about where sensonix is sitting right now. If it continues to ride, there's a setting level of support. You could use that as an entry point right, that's a little more risky, but if it doesn't, what you could do is ride this level of support right here at about four dollars and 22 cents.

If it continues to consolidate. I don't necessarily think that's gon na happen, but i wan na prepare you for all the possible scenarios. So you can, you know rock it the best way that you have to right so watch for that, and then we do also have this decent level of uh support as well. So if you have a little bit of a sell-off at market open, i would anticipate a bounce off of four dollars and three cents or so, if that would be a great entry point into this stock, i do have a position in this company, as i had Mentioned before this is a long-term stock for me and both of my portfolios combined, i think i've got somewhere around thirty five hundred dollars.

Forty four thousand dollars invested in sensonics and i'm not gon na be selling anytime soon, as i do see a lot of potential for growth down the road here, so that is looking super super bullish in nature. I've got nothing but good things to say about that. Chart setup look at the one day, one minute chart for any last minute: confirmations we're just gon na look at the price action so far here in the pre-market, pretty choppy, not a lot of volume coming in pretty low volume for sure. So i can't say a lot about that, but we can't say about yesterday, so we had a nice upward moving channel, a lot of great buying pressure and a consolidation for the rest of the day in terms of pullbacks right.

We're just going to drop a quick fibonacci retracement, just to see the signs of strength here, and we see that it had a nice bounce off of 50. Anything over 50 on a microscopic basis shows a lot of strength. If we look at the the one month chart right, this is probably going to tell us a little bit of a different picture, because we did have that crazy. You know bear market for a little while there retraced about 78.6, which isn't great, but before that bear market hit right.

We had that crazy gap down. We were holding a 50 picture perfect, which to me indicates that uh. This is a very, very strong chart. We got a lot of strong buying presents here, and that is what i have for the video today.

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