You already know what it is. You already know: there's nothing but love nothing but love. You guys know. What's coming, we had another chris saying weekly penny play, video which we got another trace.

Trades weekly penny play technical analysis, video coming to you today. What is up, everybody welcome to trace trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks, i like to purchase by saying that i'm not a financial advisor and our experts so take what i say with a grain of salt: let's get into the video, so today chris saying put out a uh or i suppose it would have been yesterday yesterday, Christine put out his weekly penny plays list and it covered a couple different stocks, the the list consisted of ogi genus, dome and idex we're gon na get into each one of these different stocks and tell you what my personal uh opinion is on, how the charts Are set up and i'll give you a list from one two, three four and my favorites on what stocks you should get into based on previous growth and the setup for growth in the future.

Let's start off here with ogi now ogi, as chris saint did point out, is a medical marijuana play. We can come over here to their profile, they're, formerly known as uh, inform exploration, corporation canada-based company, which operates through a subsidiary organogram, a licensed medical marijuana producer. The way that the chart is set up guys, i'm gon na get this as a brief run-through. We're gon na mainly focus on technical analysis.

Just so i can give you the best possible chart. Setups here ogi went for a pretty nasty ride here and what i like a lot is that it did not pull back very harshly. We saw a run up to about 2.58 and it only retraced to about 38.2 percent. Now, a good stock on on a chart right when it retraces or has the pullback that's what a retracement is drop a fibonacci.

What will happen is it'll only pull back about 50, so anything above 50 as a retracement is a very solid retracement and the rsi indicator, which i have pulled up right here. The relative strength index anything over 70 being overbought anything under 30 oversold. This is trading at 49.99 neutral, which means it's not a terrible time to buy in we do want. We want to buy a stock right, pull the trigger when it is being oversold or undervalued.

Right traders are probably the only people on the planet that will buy things over priced and sell things undervalued. We don't want to do that. We want to buy things when they are under valued right. So the best possible entry point for this to me, based on retracement right and current uh current levels that we're seeing for support, is going to be right around here at about two dollars and 29 cents, which is trading about eight cents cheaper than we are at Right now, this on the rsi would probably pull back to about 40 right and just based on the overall macroscopic trend of ogi.

I find it pretty likely that you won't see a pullback much more than this. Let's pick up, it has been about three days right. It's been training here for about three days, not a small pullback again, but we do have some nice green, wide range candle bars. Look at this we've got three huge wide range candle bars right here did pull back all the way down to previous levels, but it is respecting this level of support very, very strongly.

One thing that i don't particularly like is i like to see a more more of an ascending formation. We do have a small one, but it is ever so slightly. We do have this slight ascending uh level of support, and you might end up seeing here in the future a descending level of resistance now within the next couple of days. What might this look like right? Well, you may end up seeing this squeeze down in price action, which means that uh, it might push above this descending level of resistance uh, just based on the macroscopic trend being pretty bullish right that uh you're pretty likely to see it.

Have a nice move here in the next couple of odd days, i would argue in the next three days, ogi is set for a pretty good run, just based on the overall chart setup right. We do have this crossover between the 15 ma and the 200 ema back here on what would have been january 26th if you're able to get into this back then when it was a dollar, seventy you'd be sitting pretty good right now and uh, as it sits. Uh this looks extremely bullish. Overall volume is very, very consistent, which makes it a predictable stock.

I like that, a lot good entry point for me if it if it ends up respecting this ascending level of support, is gon na be about two dollars and thirty three cents. I, like it a little bit more if we can get this right around here at about two dollars and twenty nine cents, as i mentioned earlier, and if it does break but it'll below that right, you're gon na be looking at about two dollars and 24 cents. As the next level of support, so chris sainz rule of thumb, is you hold this play for anywhere between one to two weeks or look for a 20 to 50 run up based on both of those guidelines guys? I think the best course of action here is going to be that that's a 20 to 50 run-up. I do find it pretty likely that it's going to happen here within the next couple of days.

I would argue the next three days. Good entry point is gon na be around 224 to 229.. That is how the setup looks right here. Next play is g news.

This is one i don't particularly agree with, but uh we're gon na give you how this the chart setup looks personally just based on what we're seeing right now. So if we do drop a retracement of fibonacci, this is very easy to do on. Weebly simply come over here to fibonacci retracement with the bottom at the base of a run-up, the peak at the top, and it gives you an idea of the overall strength of a chart setup and what we can see right now guys is. This is not a very strong chart, it's pretty weak and what i say that is because it almost retraced back to 100.

You can see this line right here being a hundred percent, meaning that it gave back 100 of the initial run-up. That does not show a lot of strength that actually shows this as a trader stock, or it could be a pump and dump right. I know a christine is very high on g news as a 2021 play, i'm not saying that it's not going to be in the future, but within the next one to two weeks it may or may not run all right. So we do have what seems to be the beginning of another small setup here, but i'm not entirely convinced, i'm not entirely convinced.

I, like the other, plays quite a bit more than what we have available here. It is on an ascending level of support. So if you are looking for an entry point here, i would say that either a dollar eighty three or if it respects the suspending level of support at dollar. Eighty eight is going to treat you pretty well um.

So watch for an entry point around these areas between a dollar, eighty, three and a dollar. Eighty eight on the r side is trading neutral at 50 once again, and if we do look here, the one thing that i do actually like a lot about this setup is: we do just now have the 15 ma gapping up over the 200 ema. Why does that matter? The 15 ma is the moving average, which is a price action based valuation trend line over a 15-day moving period. A small micro, uh microscopic uh perspective of price action.

200 ema is the exponential moving average, which is a price, action-based valuation trend line over a 200-day moving period or a macroscopic perspective of price action. When you have the 15 ma cross over the 200 dma, that means the recent price action is varying on the upside or positive movement. This typically is a way to indicate that hey the price action we're seeing right now is unusual. This could be a way to indicate when an upcoming run happens.

That is the one positive thing that i like right here. This seems like a beat to hype play if you do get into this you're going to be looking at and uh getting in before the initial run up right, the other stocks i'm presenting you have already run. We already know what they're capable of g news. Ah, we don't know that yet does have consistent volume right.

We do see that it is trading at 50 on the rsi, so the risk is low right, there's a little risk here, but in my opinion, there's also somewhat low reward. This does look like a pump and dump. I know that g news was involved in the wsb stuff going on right. They get pumped because it had quite a bit of short interest.

So take that for what it is. This is probably my least favorite, but i will tell you that in the future, uh dollar - dollar, 82 dollar 80 to about 1.88 - does look like the best possible entry point here and then 20 to 50 to one to two weeks. In my opinion, you're, probably gon na, be looking at the one to two weeks for this play in order to really make it rock the way that you want it to right. This might take some time to develop, and that is my take on genie.

If we come over here next to zome, this is a great great great play, and this is honestly one to me that i think is, is better off being held until march right and be careful buying into it. It has done a little bit of run-up and he does preface this in his video and it says uh guys if you do get into this play. Please wait for a pullback and i do think you're going to have that opportunity for a pullback, because if we do look at this, this uh this chart macroscopically right. We do see that when it has runs like this, it does have pullbacks it's a volatile stock.

There's a lot of ups and downs, ups and downs. It's a good stock to rinse and repeat: you are looking for that sort of method right, but coming back here to the one month chart. How much can we expect? You know based on previous trends or it's a pullback. Well, we just look at the overall trends right.

We can see that in the past it retraces 61.8 percent here and we can look at the the retracement after that from here, which was take a quick peek about 61.8 percent. So if we do follow that exact same trend - and we take a peek at this right, 61.8 would be about 1.66 in terms of retracement. I think that is gon na be a pretty solid entry point for you to get into zone. If you are looking for a solid entry point, one dollar and 66 cents is where i think this stock is most likely going to pull back.

It is extremely extremely overbought right now it's 77 on the rsi on the three-month chart. If you look at this on the one-month chart, guys uh it is, it is uh, it's still looking extremely bullish. Obviously, once the rsi does load here, i will show you what the numbers look like, but it is overbought and you got to be very, very careful. Buying in right now so uh nice gap between the 15 ma and the 200 ema, which is typically a good sign of a bullish run.

This isn't bullish territory very, very obviously, um and i'm going to actually zoom out here and delete the overall fibonacci retracement. Just so, we can clean up the charts a little bit, but if we take a peek right sitting at 70 on the rsi 70 is overbought. That means the stock is likely overvalued. So you're going to wait for that pullback.

You wait for that pullback. It is going to treat you pretty well, i think that is going to be a good opportunity for you to get into the stock it's somewhere between 166 and probably 172.. That does look like a solid entry point into the stock. You guys have to excuse my voice.

It has given out a little bit. I've been really grinding away on these videos, but uh. It looks. This is probably my second favorite or favorite play across all the all the plays that he presented uh.

I think that zome has a lot more potential late march, when the true format system does end up getting commercialized, but it has a lot of great sentiment right and it's got great price action. We can see here that it is continually stair-stepping higher lows and higher highs right, which is exactly what we're looking for in a stock. We've got uh one two three different touch points, which means this is a signified ascending level of support right and we may end up seeing a pull back down to here. I don't think it's going to come all the way back down to 1.25 tomorrow, but eventually it will right and, as in terms of you know the one to two weeks or the 20 to 50 percent.

This may be a play that takes some time to play out right just based on previous trends, because it usually runs up pretty hard, then consolidates for a while then runs up pretty hard consolidates for a while right. If it does follow that overall trend, i anticipate that you're likely to see that happen now. It might continue to run. That is also possible right.

We saw a run for one two three straight days. This is one two. What could be three great days? So if you do want to get into this immediately, this is overbought, so be very, very careful. I do think it's more likely to see it pull back.

I would highly highly recommend that you wait for a pullback are going to get into the stock, but if you are going to buy it immediately, please set a trailing stop loss for about five to ten percent, which is what uh chris sane does recommend on his Videos, i would also recommend that as well, because then you're gon na cut your losses, you'll be able to buy it at the bottom, which i anticipate is gon na be about a dollar sixty six and if you buy it at that point, the risk is low. The upside is extremely high and zone looks absolutely beautiful. Last play i wan na present to you guys is gon na be idex. This is the last play that christine presented on his channel, and this is probably my favorite out of all the plays guys.

I've been talking about idex on the channel for quite some time. I think this is going to be an absolute monster stock by the end of the year. I think 20 to 25 is not unrealistic in the least bit only people. The only reason.

The only reason people don't like the stock guys is because it has a history of being a pump and dump stock. You look at this on a six-month chart. You can see. That is the case right.

We saw a huge pump pump pump, but now it is in a clean upward, moving channel the chart setup here is absolutely disgusting. It is filthy. You were able to get back into idex when it was trading here, but i bought a dollar at 90. when the 15 mma just crossed over the 200 ema 2.14 cents.

You would be sitting so goddamn filthy right now. What happened is it did break above this ascending level of resistance with a wide range candle bar? Now i was treating this ascending level of resistance as an ascending level of support right. We had basically rinsed and repeated and started a new channel. You can see that we have a new channel set right.

This is gon na, be a new ascending level of resistance right here. So what's a good entry point into idex, currently training at 48 on the rsi. So i do like that nice, healthy pullback in terms of uh, how the stock retraced we can go like this, take a quick peek and it is a healthy, healthy, pullback right. It only gave back about, i would say, 30 of its total total run so far.

That is very, very healthy. So if you are looking for an entry point right, i find it most likely first off that it is going to respect this ascending level of support which uh an entry point then would mean about four dollars and 88 cents. But if it doesn't, we do have a nice level of support sitting right around here at about 475.. The difference in price is not extremely high, so let's say that you buy in at about 480 right 490 um, and it drops down to this this previous level of support.

I think that's going to treat you pretty well uh. You can dollar cost average down meet somewhere in the middle, which would be about four dollars and 80 cents or so, and i don't think you're gon na go wrong with idx whatsoever and guys. This is a play that i think you're gon na be leaving some briefcases on the table. If you just collect the bag right, you could easily easily take your 20 to 50 run up in this, but my recommendation to you would be to hold for two weeks and see where it's at honestly in two weeks.

I think this is gon na have a lot of potential not to be a penny stock anymore. So i would highly highly highly consider holding your ide x position until at least that two week mark reevaluate and go from there so chart setup is beautiful. We've got great consistent volume training at 48 on the rsi, so this is probably besides g news. The second most undervalued stock out of everything that we've covered so far has the second most uh.

The second least amount of risk compared to genus right, and i think it has the most growth. So if you want to go and order, my favorite plays that chris and did put out for us. Idex is easily easily easily number one. This to me is actually a mid to long term hold stock.

I would consider holding this for two weeks if you are going to establish a position in idex. Second, for me, would be zom zometica, and this has a another nice setup, but it is a little more risky to buy into right. Now. Please wait for a pullback.

This is another good midterm hold stock, so i recommend holding it for two weeks. That is my personal opinion right. Third favorite is going to be uh og. I i think it says a pretty decent setup.

It is moving very cleanly. It does have that. That's a nice squeeze down on price action. I would anticipate a nice move here in the next three days.

I don't personally take a great stance in medical marijuana. We do know that with joe biden in office that it is likely, we see harder pushes for stocks like this, so down the road. This could definitely be a good long-term play in the short term. As of things now right, i think that the the best potential is going to be to watch for that 20 to 50 run up and then genus as uh per usual.

In my my previous video is probably my my least favorite stock out of the chris same place, but it does present the least amount of risk. So it all depends on your level of risk management right. How much risk are you willing to accept and how much money do you want to make right? Because we can't still make money with genus? The risk is the lowest, but i think the setup is probably the worst with genus, and that is my personal. Take on the four chris sane weekly penny plays for his channel, and that is what i have for the video today.

So if you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you like, to see more content like this. Lastly, i have an affiliate link in the description box down below for weeble. This is version fourth of from the desktop, which is a great platform, allows you to trade starting at 4am uh in the morning in the pre-market use my link you'll get two free stocks, so the 100 deposit i'll receive a free stock great way to support the Channel, if you're not interested, my friends, that's totally fine.

I just appreciate your support by taking the time to watch my videos, so that is what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace.