You ain't really back then, but how about now cause i'm up right now, man, this stock has been going to town. I really hope everybody out there has been able to eat up with sen sonics man there's been another grand freaking slam here out of trace trades. We have been talking about this company for a while, so excited to talk about this today. What is up everybody welcome to trey's trades.

We get technical analysis and different stocks in the stock market, as well as potential buy, hold their sell opinions on these. Given stocks like the premise by saying that i'm not official advisor nor expert so take what i say with a grain of salt, let's get into the video today, my friends we're gon na give you guys an update on ticker symbol, s-e-n-s up here in the top Left is the ticker sense, onyx man, i'm so pumped about this stock. I put this on your guys's radar quite a while ago. It is finally doing some really good things.

We've been very patient, we've been very, very patient. It's traded sideways for quite a while about a two week stretch and it is finally starting to get some nice decent volume. In fact, today we had a nice push in volume, but we're gon na get into that in a minute, but we're gon na look at a couple different things here regarding sensonics, i do have a position in this stock. I do have 61 total shares, as well as four call options for the 5.5 strike price expiring on 19 march 2021, and i am planning entirely on adding to my position here on this stock.

I did a little bit of i'm going to be doing a little bit of rebalancing. In my other brokerage account. I did sell out of a core position that i am in so that i can rebalance my portfolio, but today was a very green day across all the stocks that i'm looking to buy into. So i was patient.

I'm gon na wait for a pullback and i do encourage you to do the same here with sensonic, so we're gon na look at the fundamentals of the company: the why? Why should you care? Where is the potential for growth here? Why do i think this is a great long-term stock, which i do believe is a long-term stock? I am almost as bullish on this as i as microvision mbis, my girl, mavis right uh. I think that honest to god, this has potential to be a triple digit stock within one year to 18 months, if they do end up becoming a utilizable cgm system which we'll get into here in a minute, but we're looking at the fundamentals. Some upcoming news catalysts, some news sources, uh and recent news that could help drive the price action, explain why we saw some price action and then the meat and potatoes, which is the charting, so we're gon na look at the one month chart as well as the One day, one minute charge to get both a macroscopic and microscopic perspective of the price action. I've got a couple.

Different indicators pulled up right. I've got the rsi, which is a relative strength index, anything over 70 being overbought. Anything under 30 is oversold. Then i've got the 200 ema and the 15 day m8.

The 200 amazing purple trendline is the exponential moving average. This is a price action based evaluation trend line over a 200-day moving period gives us a macroscopic perspective of overall price action and then the 15-day ma is the moving average. Some brokerage accounts call this the sma, the simple moving average. They are one.

In the same, this is the price action based evaluation trend line over a 15 day moving period, which gives us a microscopic perspective of overall price action. We use these side by side, so we can predict upcoming, breakouts and breakdowns in regards to a stock and its overall setup on the charts, so we're gon na look at that we're gon na analyze, the overall volume that's been coming into this. Some bullish and bearish patterns that we're seeing here on the charts and give you guys a fibonacci retracement, some good potential entry points in the stock. Give you the signs of strength and weakness that we are seeing.

We've got a lot to talk about so, let's get into the video. So what is the company? What is the why? Why should you care, sensonics holdings incorporated, is a medical technology company? The company focuses on the design, development and commercialization of glucose monitoring systems. The company operates through glucose monitoring systems segment. It offers a continuous glucose monitoring cgm system ever since, which is designed as an implantable cgm system, designed to continually measure glucose levels in people with diabetes.

The company's ever send system consists of components such as a sensor which is inserted subcutaneously, which means underneath the skin and the upper arm by a healthcare provider. An external removable, smart transmitter that receives assesses and relays the data from the sensor and also provides vibratory alerts. In 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 a smartphone apple, watch or tablet, so the one con that i see with this with this uh company is it is an Insertable uh device - you do need to have this inserted into your skin, it's implanted subcutaneously, which means underneath the skin. So it is a little bit invasive, but in comparison to getting your finger pricked right.

This is a much you know. It's a smoother transition and there's always going to be a demand for diabetics to monitor and and regulate their overall glucose levels right, so i think, there's a lot of potential with with the eversense system and with sensonyx as a company, and i've got a couple different Things that i want to show you guys in comparison to dexcom, which is the current utilizable glucose monitoring system and man. I really do think there is some solid potential here, so we're gon na look at their overall products, which is the ever since system. So the world's only long-term cgm system, with the ever since 90 days, cgm system, you can actively manage your diabetes simply and with confidence ever since provides continuous blood glucose monitoring for up to 90 days via an under the skin sensor, a removable rechargeable, smart transmitter and A convenient app for real-time, diabetes, monitoring and management, so this is the sensor right here.

You've got the transmitter which is removable, rechargeable and water resistant sends data every five minutes to your mobile device and then the mobile app, which receives real-time glucose measurements on your mobile phone or smart watch, no need for a separate receiver. You can track events like meals and workouts and see them right on your graph to help identify trends. Uh share your data if you'd like to right. So this is a very, very smooth little system that they've got rigged up here.

I i feel very confident in the fact that this could be a good little setup and we do have an upcoming known news, catalyst which we are going to talk about here in a minute. But i do really want to double down on the fact that this is significant, because, as i mentioned, the demand for diabetics is actually increasing right. And we know that every single year the amount of obesity in america, which does lead to diabetes increases year over year. Over year, so this is never gon na, be an issue that goes away.

There's a lot of money tied in the diabetic side of uh the market right so very, very interesting product. I think it's got a lot of potential. I i think every cent stands out from some different products and we're going to talk about that next, but first thing i want to double out double down on is this sensonics is to participate in the svb lyric global healthcare conference. This was posted on thursday february 11th 2021 and i'm going to tell you why.

I think this is significant right. There could be some really really cool news which i have not mentioned in any videos yet uh that could push this stock to some crazy, crazy highs. In fact, i think you could see ten dollars here within the next two weeks. I know there's a bold statement, but i'm going to show you why i believe so so, since onyx, a medical technology company focused on development and commercialization of long-term implantable, continuous glucose monitoring systems for people diabetes today announced plans to participate in the upcoming virtual svb lyric Global healthcare conference management is scheduled to present thursday february 25th, which is next week at 12pm eastern time, interested parties may access a live and recorded webcast of the presentation on the investors, relations section of the company's website.

So if you do want to check that out, it is available on their website and there are a couple different things that they could end up talking about and to me it is this. This could be a very, very big deal that you do see. You know talked about here or coming up in the future within the next couple of weeks, which is the information about the 100 ever since fda approval. So this is off of a reddit thread.

Take it for what it is. There are links right which do give sources to the information that is being stated here, but let's just take a quick, read: here's the memo regarding the history of the fda approval process for the 180 and 180 day device. The ceo tim goodnow says there is still potential for decision from the agency by the end of the second quarter of 2021, so coming from october 5th 2020, the initial press release uh, announcing submission we're just gon na take a quick, read so uh. You know we have sensonics here announce the pre-market approval, supplementation application to extend the wearable life of the ever since cgm systems in 180 days was submitted to united states, food and drug administration fda on september 30th.

Study results demonstrate performance matching that of the current ever since 90 day, product available in the united states, with a mean absolute relative difference, mard of 8.5 to 9.6. This result was achieved with reduced calibration down to one per day, while also doubling the sensor life to 180 days. So if they can double this down to 180 days right, that would double from three months to six months, which is a long long long time that you'd be able to use this ever since system without without ever having to mess with it right. So that's a big deal, i think that's very significant if the 180-day, ever since product is approved by the fda, sent sonic's partner, essentia diabetes care will initiate sales in the united states, the ever since xl 180 cgi system without the reduced calibration scheme is currently available To patients in europe a decision on approval of the 180 day ever set system is anticipated during the first half of next year, this being 2021, and we are currently about you know coming up on a quarter of the way through 2021.

So this may be something that takes some time to play out, but if it does play out - and this does end up getting approved, that is very significant and i'm going to show you why. That is because, if you compare this to dexcom, which is the current utilizable glucose monitoring system right, i just want to show you something check this out. There's a lot of good dd he's got some links here. If you do want to check this out uh, you can check this out on penny stocks.

Reddit thread the two studies i'll be comparing are a prospective multi-center evaluation of the accuracy of a novel, implanted continuous glucose sensor, precise 2, which is sensitive cgm and the accuracy of a factory calibrated. Real-Time continuous glucose monitoring system during 10 days of use in youth in adults with diabetes, so the the dexcom system is a 10-day product right. It continuously monitors glucose levels for about 10 days, whereas the current ever sense system monitors for 90 days, which is a significant difference and there's more there's more to this, and this is not considering the 180 day ever send system which may end up getting fda approval. Sometime in 2021 check this out.

According to these studies, the 90 day survival rate of sends cgm, the fda approved shelf life before replacement is 91 compared. The dexa's 10-day survival rate of 87, not a significant difference, but a difference. Nonetheless. Not only does this give sense a product to nine times greater shelf life, but it also gives sense product a four times: greater four percent, greater survival rate at the end of their respective shelf lives.

This is pretty significant when patients depend on these products with their lives and i've. Yet to see this information come to many people's attention. This is something i want to double down on guys, that's significant. This is a true life or death situation, for some people with diabetes that need to have their glucose levels continuously monitored.

So i think that is something that makes sense stand out in comparison to the dexcom current utilizable glucose monitoring system. Right then, if we do take a quick peek at dexcom, i do want to pull them up, for you really quick and just show you what the price action looks like and last night check. This is a 400 stock as it sits right now. There are 404 dollar stock, so that is very, very significant.

My friends, if you see a shift in the market and sonic, becomes the next up and coming utilizable glucose monitoring system that is going to be astronomical. You could be looking at a huge, huge shift in in uh wealth, a big uh, basically repositioning of wealth from dexcom over to sensonics. Of course, nothing is guaranteed, there's no way we can predict that is going to happen, but, hypothetically speaking, right. If this is a product that ends up becoming utilized and based on the data that we have read, this is a potential that could come to fruition.

So we know the fundamentals of the company, we do know they have an upcoming. You know conference on next thursday of of the week right, and that is what we're looking at right now in terms of the fundamentals and upcoming news catalyst. The chart set up right. What are we looking at? Well, we do have a nice respected, ascending level of support right here and to find a respected level of support or resistance.

We always look for at least three touch points we do have that. We've got one two three four different touch points here, and i anticipate that you're gon na see this pull back to this ascending level of support sometime in the future. What would that look like? Well, if it happened tomorrow, you'd say: drop back down to four dollars and 17 cents, the after that you'd see a drop to 431 day. After that you see it drops, it may be 4.52 cents.

Now, i'm not saying that's gon na happen necessarily, but i do think it is something that you will see happen sometime within the next two to five days and that is gon na be the opportunity for you to scoop up this stock. The volume the volume is looking absolutely beautiful. It has found a nice little normalization. In fact, in the last couple of days, the volume has been gradually picking up the last three days, we've seen a bump, a bump and a huge bump right here.

In fact, in the first hour of the trading day, we saw 40.5 million in total volume. If you look at this on the daily chart, the volume is looking very nice, nothing in comparison to back here right still about half, but the setup is 100 percent there. This is a nasty nasty gap up. My friend since alex is looking beautiful right now in terms of a chart, setup and uh.

I don't think this is the end by any means we have the 15ma gap up over the 200dma back here. If you're able to get into the stock back when i pointed that out on the channel you got in about 2.79 you'd be up 100 and some percent as of right now, in just a seven day period of time, which is absolutely beautiful, you can't beat a Grand slam player like that and my friends, my family there's a swing opportunity here, but i think the true potential, and ever since in the in the sensonics company, is going to be as a long-term position. I truly do. I do truly think this could be a triple digit stock by the end of the year, if they capitalize on that 180 day monitoring ever since system and if this becomes a new market norm in terms of glucose monitoring technology.

So that looks very, very nice. As of now, we have a nice uh, extremely bullish, ascending channel right now. We've got an ascending level of support right here with three touch points. We've got an ascending level of resistance as well with more than three touch points and, of course, we're not going to keep that continuous growth for for forever, but nonetheless, that is a beautiful movement right there.

You do not get that very often if it ends up breaking above this descending level of resistance. My friends, it will come with a violent, violent move. So if you got a position in the stock, i would continue to hold. If you're looking for to add to your position in this stock or develop a position in sensonics, the time will come.

I do think you'll get an opportunity for a pullback and if you do see a pullback, that would be the time to scoop it up, don't be mad about red days. My friends red days are an opportunity to get stocks that you've been waiting to get, which is what i am anticipating doing as well in terms of retracements. Previously, the stock did have a beautiful retracement at that 50 mark, which is picture perfect, any stock that retraces less than 50 50 or less shows a lot of buyer strength which we do have here on the one month chart and if it ended up retracing here Tomorrow, what would that look like well, you'd, probably end up seeing a pullback somewhere around 4.79, which uh would be right about here. So that does look like a pretty solid entry point if you're looking to get into this immediately right.

That 479 does look like a very safe uh place to start, i would consider you know establishing a position there. If you do see it pull back to 479., if it does break below 479 right. We do have this level of support down here. There's a sending level of support sitting at about four dollars and eighteen cents.

If we were to drop that low tomorrow and if, in my opinion i would just average down, i would keep some dry powder by the off chance that it does break below 479 and test out this 418 range. Because that is going to be. You know in the long term, you're you're going to be mad at yourself. If you sold out your position out of fear right, i'm telling you traders are the only people on the planet.

That's that buy things are overvalued and sell things when they're undervalued. Please please please do not do that with this company. I think there's so much potential upside and everything about this looks absolutely beautiful. Nice consistent volume makes this a predictable stock.

It makes the volatility predictable right. We've got the 15 mm gapped up over the 200 dma, which is a great great sign as well clean up our moving channel right. The price action has been smooth. Everything about this is screaming bullish and it will continue to run on the r side.

It is city pretty robot, though it is that it's 76 right now. So if you have a position in this company, i think you're doing. Okay, if you, if you're swinging the stock right, maybe consider taking profits on part of it. But if you're looking to establish a position buying right now is not the key opportunity.

I would wait for that small pullback at least some sort of micro pullback in order to get into the stock at a good price. We're gon na switch over here to the one day one minute chart for any last minute confirmations. I am going to clear this off if you want to look at everything that i had drawn up just regarding the video and pause it and check it out. But what we have here is a clean, clean, clean, ascending level of support.

We've got one two three different touch points. We had a false break underneath that, but we are still basically respecting that ascending level of support right now, my friends that looks beautiful and we do have a nice level of ascending resistance, uh right here. So it's squeezing down pretty tight price action if it ends up following along with this trend line, my friends, i i do think you're gon na see a pretty hard push moving here in the future. The only thing we have working against us is this has been extremely overbought for literally the entire day, so we are gon na see some sort of pullback on sonics here in the future.

It could be tomorrow. It might be the next day right, but we do know this is being overbought which likely means in the short term. It is overvalued and i would watch for that uh. As that means, you are likely going to see a pullback which is an opportunity for you to get into the stock for a lot cheaper.

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Thank you for watching my friends and i will see you all next time. Peace.