Oh guys, this has a nice setup. Oh i'm pumped to talk about this sends could be something really really filthy guys. I really hope you take advantage of this opportunity. Let's get into the video.

What is up, everybody welcome to trace trades. We get technical analysis on different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks, i like the premise by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. Let's just get right into the video here today, we're gon na be talking about ticker symbol, s-e-n-s sense, onyx, we're gon na look at this on the one month chart as well as the one day one minute chart, giving both a macroscopic and microscopic perspective of the Stock, i've got a couple: different indicators pulled up the rsi, which is a relative strength index. Anything over 70 is overbought anything under 30 oversold.

I have two other indicators: the 200 ema and purple the 15 ma in blue. The 200 ema is the exponential moving average. This is a price action based valuation trend line over a 200 day moving period and then the 15 day ma some brokerage accounts will call this the sma, the simple moving average - and this is a price action based valuation trend line over a 15 day moving period. We use both of these to get both a macroscopic and microscopic perspective of price action on the charts.

I do have a nice bullish flag formation drawn up here. I will explain that what that is as well pause the video to clear my throat guys all this talking. All this talking is it's: it's wrecking the voice box, but we'll do okay, we're hanging in there anyways we're gon na talk about that. Give you some potential entry points and exit points for the stock.

I do think the stock is a midterm hold opportunity. Maybe even a long term hold they've got some really cool, uh, really cool stuff that i'm going to show you. So, let's get into the video. Let's read you what sense onyx is, and i will pull up the website here afterwards, that is the source, so sensonics holdings incorporated as a medical technology company.

That is a very hot sector right now. There was a lot of money going to that in january. So keep that in the back of your mind, 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 system ever since, which is designed an implantable cgm system designed to continually measure glucose levels in people with diabetes. The company's eversense 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 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 a smartphone apple Watch or tablet that is some really cool tech, guys, that's insane. So i know personally, my family, i have quite a few people in my family alone that have had diabetes, who struggle with uh with regulating their glucose levels, and the eversense system sounds insane.

This is, this is absolutely crazy creators of the first and only long-term implantable cgm. As you can see here, it looks pretty interesting. It's not bad whatsoever, just it sits there right on the skin uh, and this is a very niche market guys. That is why i like sensonics, quite a bit, i'm gon na, show you this article really quick.

This was released yesterday on february, 2nd 2021 at uh, 3 23 a.m. Eastern time it says, scentsonix announces initiation of european commercial efforts by partner essentia, diabetes care and uh. If you look here at the charts, this was very well received, we saw or i suppose no, i wouldn't it wouldn't have been well. It came back, though, so we do see that anyways uh, a medical technology company focused on the development and commercialization of long-term implantable.

Continuous glucose monitoring systems for people with diabetes today announced that the essential diabetes care has commenced sales and marketing activities for the ever since cgm system in key european markets, as of today as part of their strategic partnership announced in august 2020.. Today, we are extremely excited to see essentia a global leader in the diabetes technology. Space begin distribution of the ever since xl in these key european markets. We are confident our shared goal of bringing our advanced long-term solution to more people with diabetes will be accomplished through essentially a high level of commitment to our products and to patients and care providers.

Said tim good now phd president and ceo of sense, onyx and uh guys this this stock has done pretty well. They had a long period of time here where they were doing some up and down movement right, a lot of consolidation, a lot you could have probably swing, traded it pretty pretty easily but uh. You know it took a little bit of a beat down because of what was happening with the situation regarding amc and gme, and now that uh now now it's starting to see a little bit of sunlight, it's looking good. So what we see here is a bullish flag formation.

We've got this flagpole right. This is very easy to spot, because you see a lot of wide range green candle bars. That is how you find the flagpole right. It looks like a flagpole and then from there you were drawing and connecting points based on connected candle wicks.

So you can see we have a descending level of resistance connecting one two, three, almost four five different touch points here and then an ascending level of support with one two uh two. We could pull this up here, just a hair. One two three different touch points as well, so that is, that is how you find the bullish flag formation, and you can see we broke out of this with a wide range candle bar, which is very typical when you do break out of this sort of uh Descending level of resistance, and with that came a very nice amount of buying pressure into the after hours and the next day you know we didn't see as much nice price action. We did give back a little bit of that, but uh i'm going to give you guys an idea of how much we may pull back based on that run up comparatively to these previous run-up now, it did hold up extremely well that 61.8 retracement uh it pulled Back to about 78.6 at one point, did not last and held extremely well at 61.8 percent right here, so, based on that we can, we can have a safe assumption based on uh.

You know that pullback and give us an idea of what we may be looking at here. So, let's zoom in we know we held really well at 61.8 percent, so i think you're likely to see - and you can see that right here - we look like we may already have seen a bounce off of 61.8 percent. If we completely uh fall off that trend 265 is a safe entry point into this stock. That is my prediction.

I think, if you get into 265 you're going to do extremely well here uh and you can ride this up to some previous highs. I do think that there's a lot of opportunity here as a hold stock, but if you're looking for a swing, trade there's also a lot of opportunity there as well getting into 265, which i did just mentioned earlier. I will draw that up as a level uh to watch for just so. You can keep that in the back of your mind.

We do have a high here of three dollars and ninety cents guys. So, if you're getting a 265 get out of 390. you're. Looking at uh a pretty solid run-up, that's that's not a bad return! That'd be a pretty solid.

You know three four five day swing, which is about how long i think it will likely take to see this come to fruition, and if we actually look at this guys on a three month chart really quick, it is doing some really nice violent movement. In fact, what does this look like to you? What does this look like? This looks exactly like the last time. We saw an insane insane run-up now, of course, we don't live in a vacuum. We didn't see the same amount of volume as we did down here.

Right, the volume is a little bit lower, but the setup here is the same on the chart. Look at the similarities there look at the similarities. This could be a very similar setup to what we're seeing right now. So that looks good.

It looks primed. It looks ready to get ready for another run here. The overall macroscopic trend is extremely bullish. We have a huge gap between the 15 ma and the 200 ema on the three month chart as well as the one month chart.

In fact, it looks like it is. Actually getting ready to run up even more than we have seen so far. So, as i said before, 265 seems like a very safe entry point. It does line up extremely well as a level of support with quite a few different touch points here on the charts.

Uh i'll adjust this again, so it's 265. and yeah. You can see one two three different candlelight touches here: four, five: six: seven, eight nine! So you get the point very strong level uh and if you see any sort of pullback from there, i don't anticipate it's gon na be much more than a little bit below these candle wicks so anywhere between 265 and likely 257 is where you're going to find This uh best possible entry point and if you're looking for a swing trading opportunity, you can get out once you see a level of resistance that is bounced off of right, so levels of resistance that we know exists are going to be right here. We know this is the level of resistance just based on multiple touch points at 317 and then 390 would be the next overlying high.

So if you want to get out, you know you get in right here, see it bounce off 317. You can take profits if you're looking for a day trade or a one or two day swing, but i think the best opportunity for you here guys if you want to swing this is 390.. Personally, i do not have a position in uh sends. I will show you my portfolio to be completely transparent uh, but if i was to have a position in sense, i'm in the process, of course, also transitioning.

My fidelity account. If you, if you're new to the channel, i'm transitioning, my fidelity account over to uh weeble and i have much more stock in there. So i have amc, bb, nokia, uh, clwd and snpw. All those stocks will be moving over here to weeble eventually, and when that does happen, you'll be able to see my full portfolio, but i do not have a position in sense.

This is just my personal opinion. I have no reason to pump this stock. I've got nothing in the game for me and i just want to show you the possibilities here. So that is how it looks right now come over here to the one day.

One minute chart really quick just to give you some ideas of what we can get for some extra confirmations and we do have a nice ascending level of uh support. As i see right now, we did break below this, so i do anticipate this is going to act as a level of resistance moving into either the extended or the regular market hours or further down the road here in the uh regular market hours right. So as it sits right now, you know we were a nice upward. Moving channel did break beneath that, but this is just presenting you guys with an opportunity to get in for cheaper, as i mentioned previously so coming back here on the one month chart.

As i mentioned, the best possible entry point for you guys is going to be right about here somewhere around 265 at the very lowest 257, and that is the number that i'm coming up with, based on some different candlewick touches here that we are seeing on the Charts, so that is what i have for the video today guys 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, which is the brokerage platform you're watching me use right now, uh, you get four free stocks with a 100 deposit. If you use my link - and i will also receive a free stock, great way to support the channel, if you're not interested guys, i totally promise you that is okay, i'm just glad to have you as a part of the community and taking the time to watch.

My videos, so that's what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace.