How's it going everyone it's sam. I know i'm just playing, i'm just playing brother. Congratulations on a hundred thousand subscribers. What is up, everybody welcome to straight trades, where you get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these.

Given stocks i'd like to profit by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt, let's get right into the video today we're going to give you guys an analysis on agtc, i'm kind of bummed, because i've Spent like an hour making four videos and uh my microphone was literally not working for any of them, and i've done this like 10 000 times now. So i really got to take some time and make sure that i've got my obs working, but we're gon na run through this. The fundamentals of the company, some recent uh analyst upgrades in price uh. What they do why? I think it's relevant the price action we're gon na look at this on the one month and the one day, one minute chart to give you both a macroscopic and microscopic perspective of the price action.

I've got three different indicators pulled up the rsi, which is the relative strength index. Anything over 70 is overbought. Anything under 30 is oversold, the 200 ema and the 15 day ma. Let's do whatever you make.

Is this purple line right here, and this is the exponential moving average, which is a price action based valuation trend line over a 200 day moving period and then the 15 day? M8 is a 15 day price action based valuation trend line, and i use these both side by side to get an idea of both macroscopic and microscopic price action, so that we can predict upcoming, hard moves and my friends, oh my freaking gosh. We have a nice upcoming, hard move if i had ever seen one we're gon na get into this as we get into the price action guys, but we're gon na give you some entry points drop a fibonacci retracement. Give us an idea of what we're gon na be looking at here, where's the potential on the stock, let's get into the video now. What do these guys do? What's? What's the why? Why does this matter? Well, let's just read a quick description.

Apply genetic technologies corporation is a clinical stage. Biotechnology company the company develops gene therapy products designed to manage the lives of patients with severe diseases and ophthalmology. As of march 31st, 2016. Its product candidates include treatments for x-linked retinol, uh cyclists over two forms of uh acrometopsia and x-linked retinitis pigmentosa, i'm probably saying all this stuff wrong, but it is related to the eyes.

As of march 31 2016, the company was engaged in developing three discovery programs, targeting three indications based on its adeno-associated virus, vector technologies. Xlrs is an inherited retinal degenerative disease caused by mutations in the retinal uh cyclist. One gene acrometopsia is an inherited condition that is associated with visual acuity loss, extreme light sensitivity resulting in daytime blindness and reduced or complete loss of color discrimination. Acrometopsia is caused by mutations in any of several genes.

The company is also developing alpha one anti-trypsin deficiency alpha. One and uh guys, just as a little preface i have had some medical issues in the past i've mentioned on the channel before, but to give you a brief rundown on what caused me to be about 30 000 deep in medical debt, one of the things that Uh that really caused some issues for me was something called bilateral, anterior uveitis and essentially what happened is my eyes would have constant inflammation, because i had basically a some inflammation pressing against my optic nerve and what would happen my doctor and my brother-in-law could tell you More than i could but uh what happened is i would have extreme light sensitivity right, anytime, i'd step outside i'd. Get this ex. Like my eyes, would water i wouldn't be able to see anything.

My vision was all sorts of jacked up right. It was extremely painful and the eye drops cost an insane amount of money and uh that that's what put me in a hole and to read about this company, not only it's home, sentimentally right, it's it's kind of it's great to see. You know a company really stepping forward to try and fix these kinds of mutations, because to be completely blunt, it most likely is a genetic mutation, and some sort of you know family issue that could be causing this to see this company step into that game. That hits home for me.

I think, there's a lot of potential here. I think there's a lot of other people that would see the same niche markets offer things, because there are not other companies that are offering that right. So when you're, the only one producing uh some sort of product right, the competition doesn't exist, meaning that your company has a lot of potential to run now. Granted we do know bng all gets into you know the gene therapies, sort of thing they've got the bio.

The butt the binom - let me start this over they've - got the the genome sequencing with the sapphire system. Now this is different: developing groundbreaking gene therapies for patients with rare diseases wow we design treatments just for you at agtc. We are developing genetic therapies to treat patients with rare, inherited conditions. Our most advanced therapy programs are designed to restore visual function and meet the needs of patients with rare blinding conditions.

My oh, my god, i would have killed for this. I would have killed for this when i was going through some eye problems for like a year and a half i'll tell you that right now latest agtc news, this catches, my eye a lot there to host the second quarter. Financial results conference call and webcast. On february 11th 2021: if this is expected to go well and it does go well, we have a known upcoming news catalyst that could push the stock price up higher.

I will definitely be continuing to hold the stock beyond this date, as there are a couple other things that i want to show you, but that is something worth keeping in the back of your mind. Agtc executives also awarded first place in the bioprocess international readers, choice, awards, cell and gene therapies, so being well recognized at an award ceremony does indicate to me you know as long as there was a decent amount of competition there right. This is a company that could stand out and they also announced a proposed public offering of common stock in warrants. When was this well, this happened a little while ago january 27th and if we look here at the charts right you're going to see the stock price was affected on that date, it was announced january 27th.

Sometime that evening we saw a stock price immediately decline. Share offerings are not a bad thing, my friends, so when that happens and the stock goes down, if you're holding a position, you should be going like this, you go, you should be freaking going insane because you're gon na get a fire sale. You're gon na get the stock when it's absolutely being crushed on the oversold territory on the rsi. So if you see a public offering on the stock, do not fear it is likely going to happen as this continues to grow.

You're gon na see those opportunities and when the opportunities come, my friends have that dry powder loaded, because that is an opportunity to load the boat with a stock like this, where we do have some pretty great uh upcoming growth. And why do i think it'll continue to grow? Well. I've got a couple of different reasons to present you guys so check this out. We know that uh there was a pretty nice hefty increase on price target from hc wainwright.

So, as of february 5th, this was posted. It's hgtc traded up 9.7 during midday trading on wednesday, after hc wainwright raised their price target on the stock from 18 to 24 they're, not the only ones who have increased their price target. We have dj applied genetic tech price target raised to 35 dollars per share from 30 by roth capital. That is a big big, big big number.

My friends that looks disgusting that looks filthy. I am absolutely pumped to see what is going down with uh with the action there. So let's come over here to the charts. What are we looking at? Well, this ugly freaking candle wick right here that disgusting candle wig that touches 970 is destroying the opportunity to read the charts here, but we will do our best anyways and just take a peek at the price action.

So you can see that macroscopically speaking, we are ever so slightly setting higher lows and higher highs right. We had a nice run up here in the last two days of trading, which would have been friday and thursday more so thursday, here in the after hours, but consolidation nonetheless on friday and consolidation in my eyes does favor buying territory. We did retrace very nicely if we zoom in here. You can see that we actually did touch down at about 61.8 percent, which is a little more than we'd like to give back on retracement right.

But what gives me confirmation is this? This is a beautiful bullish. Candle flag pattern, candle, candlestick pattern, and i call this the two lows high closed now. What does that mean? Well, if we zoom in here, you can see that we have a a high open, followed by a low close, a low open, followed by a high close. So with two lows, high closed is typically a bullish reversal indicator candlestick pattern that says that you are likely to see an upcoming bullish run and we did see that come to fruition.

We actually have a nice clean, upward, ascending level of support being respected by one two. Three four different touch points. If this continues, my friends, it is going to be a very nice push and, furthermore, check this out. We had a descending level of resistance, which we did breakthrough with a wide range candle bar.

This happened here in the after hours, which is a good sign of uh, maybe a possible upcoming run for the stock, so i i feel very good about the part. The price action here on agtc and furthermore, one last thing i want to point out this is beautiful. This is the exact sort of play that i look for my friends. I love this to death.

We have the crossover of the 15 i made just over the 200 ema literally on thursday volume just started, picking up a little bit right. This is usually a sign, my friends of an upcoming huge bullish run. This is how i found jag, x and b ngo before they had their insane explosive movements. My friends, this looks like a beautiful chart setup.

I absolutely love what that price action is doing right now. So what should you do if you are looking to get a position in the stock? What is the best potential way to get in for a cheap price? Well, right now, on the r side is trading at 60, which is approaching overbought territory - we're not quite there, but it's approaching it. So you are waiting for a pullback if you're looking for a mid to long term hold, which is my personal stance, i think that it is very realistic. We do see this touch 20 to 25.

That is what i'm going to be holding for personally, but if you're looking for a middle long-term hold, i would wait for some sort of pullback now. What will that look like well we're gon na have to break below this ascending level of support, which is sitting right around five dollars and thirteen cents? If we don't break that you're? Looking at a more you know, a short-term swing position right 513 will treat you pretty well here in the pre-market right, i suppose that'd be 520, as i was 5 20 um, maybe somewhere around 5 17.. If you wake up early enough at market open, if we don't see a sell-off 528, but if you do see some sort of sell-off right and we do end up breaking beneath this descending level of support, where are we likely to see this drop to? I think 4.99 is extremely realistic. We do have quite a few touch points here with one two.

Three, four five six different touch points in the last two days. I think five dollars will treat you extremely well and if it does drop below five dollars, i don't think it'll drop much further than about here, which is about four dollars and ninety cents, so somewhere between 490 and five dollars. I think it's gon na be an extremely strong level for you to enter into the stock too. If you are looking for a uh mid to long term hold, of course, this isn't bullish territory right now.

It might take some time for this to develop. So do keep that in the back of your mind, if you're looking for an immediate entry into the stock for a quick swing or a day, trade right right in this there's a sending level of support, it has been well respected. Watch for an entry point and a hard bounce off of that support level at about five dollars and 20 cents and ride it to the next high of the day, which is about you know what we're looking at is 545 and then the overarching theme of 559.. If you see a bounce off of that level, take a small profit if you don't ride it to the next high and ride it to the next high.

After that you'll be sitting pretty nice. That's all the one month charts looking right now, my friends extremely bullish. We've got that beautiful, beautiful crossover on the 15 ma over the 200 ema, currently trading at 60 on the rsi, which is you know, a little bit high. That's uh you're buying things a little bit over price as traders and investors we're the only people on the planet.

My friends that will buy things when they're overvalued and sell things when they're undervalued, don't don't don't don't, please don't do that. Buy the dips sell the rips. That is what it is all about. My friends so wait for this to pull back.

I promise you no chart is immune to a healthy pullback. This will have its time and you will be able to get in as always. Looking at this, on the one day, one minute chart we're gon na look at any last minute confirmations here in uh terms of what the price action is looking like, and what we are seeing right now is that we did have a nice little uh, ascending level Of support right here so we can see, we are setting higher lows and higher highs, which is typically a good strength. Indicator on the charts shows a lot of good buying pressure right and we do see a squeeze down and price action, and while the price action here in the after hours is a bit choppy, we do see a break overall of this ascending of this descending level.

Of resistance with that game, a couple of wide range candle bars and with those wide range candle bars typically means you're likely to see an upcoming run. I would find it more likely that monday is a bullish run than a bearish run. However, i have been wrong in the past, but we do have this nice confirmation right here of the 15 may cross over the 200 ema double confirmation to what the one month charts are currently looking like my friends, i'm telling you right right right now: we've got Upcoming known news, catalyst, we've got the perfect chart set up, the volume is just picking up, we've got every single catalyst and every single box that i like to check for a stock before i get in for a good run. This looks absolutely freaking, filthy primed and i am so pumped about the stock, and that is what i have for the video today.

My friends, thank you for watching everybody. Please drop a like if you enjoyed the video, 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. Weeble is the brokerage platform you're watching me.

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