Oh man, guys this is no good. This is no good. It's 3 54 in the morning, i'm out of coffee i'll, tell you what these hotels, what they need to do. They leave me like five k cups as two is not going to cut it she's not ever going to cut it.

What is up, everybody welcome to trace trades week of technical analysis and different stocks in the stock market, as well as potential buy holders sell opinions on these. Given stocks, i like to purchase by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money, and i am happy To say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23.. So if i can pass along any of the information resources or tools that are given to me here, the community make a couple people better off than they were before.

That's all that i can ask for last, if you're, not mine, dropping a like on the video. It really does help support the channel. Consider subscribing if you'd like to see more content like this man, i need to uh. I need to get some of those little zip tie things to clean up my cords.

That's going to be something i do with my next. My next paycheck, i think, maybe some extensions too. These chords are so short anyways we're going to be looking at ticker symbols, z-o-m zome, zometica corporation, every single video. I cover zome people say why do you say zome instead of zom they're, just spelling zome two ways? I don't know if i'm pronouncing it wrong, i apologize, but i think it's called zom.

That's what i'm gon na continue to say is ohm all right. It's home ten times, anyways uh, we're gon na look at this on the one month chart we're gon na look at the overall volume going into here. I've got three different indicators pulled up, which is the rsi the relative strength index. Anything over 70 is overbought.

Anything under 30 is oversold. I have the 200 ema, which is the exponential moving average, and this is a price action based valuation trend line over a 200 day moving period. Then i have the 15-day vomit, which is the volume adjusted moving average, and some brokerage accounts will offer this. You may need to use the v-wop or the ma they're about the same thing, and this is just a valuation based uh trend line over a 15-day moving period, adjusted accordingly to the overall volume going into a stock.

So we'll talk about that, i do have a fibonacci retracement drawn up, which is very easy to do. Go over to draw click on fibonacci retracement place the bottom at the base of the run up the top at the peak of the run up, and it gives you an idea of how healthy a pullback is and whether or not you should be concerned and we'll Talk about what that means right here, we'll establish some levels of support and resistance. Potential entry points potential exit points. I will completely be transparent and show you that i do have a position in zone sitting at a dollar cost average of 78.8 uh, 78.2 cents.

4. 450 shares currently up 772 dollars and uh 22, and i am continuing to hold my position in zone because i'm in it for the long haul, at least until march, when they commercialize their true forma system. So uh we'll look at the whole nine yards here. Buckland we've got a lot to talk about uh, but first i want to get a quick shout out to the guys over at the patreon.

Thank you guys so much for the support. We were over 550 and 50 members strong, which is absolutely insane. I can't believe how fast this channel's grown. I think three weeks ago there was 10 of us.

Thank you shout out to mike shout out to flacco. You guys are the ogs and everybody else that was there of course um, but they will have access to the private discord as well as real-time insight to my personal training, and we've got a lot of great stuff in here. We've got my daily trades chatting questions. Investing assistance options, trading stock bot, which i'll actually show you guys here later in this video short term plays midterm, plays long term plays spac plays colt stocks, a bunch of different industries and sectors, including crypto, which i have scared the death of, but other people enjoy.

It uh and there's a lot of smart people here guys we got a lot of people making a lot of money check this out 57 in the past month, 11 in the past week, 200 in the past month, absolutely insane! So if you want to be a part of this community check out the link to the patreon in the description box down below now, zometicum, if you're not familiar with what zometica is we'll just read you a quick little description here. They operate as a developmental stage. Company it creates products for companion animals by focusing on the unmet needs of clinical veterinarians. It plans to offer novel diagnostics and therapeutics that focuses on patient health and practice health.

The company was founded by gerald l, zielinski jr on january 7th 2013 and is headquartered in ann harbour, michigan, and something that i wanted to show you guys with zone. I have, i do. Have it pulled up right right around here for us one sec? Okay, so i want to show you guys: the institutional and insider ownership of the company now check this out. Institutional ownership.

We do have 5.8 of the company is owned by big institutions, and this is something you always want to pay attention to. Personally, it'd be nice to see this a little bit higher, but it is good to see that there are institutions that do have a stake in the company and insider ownership is about 4.42, which is also good to see uh. If this was zero or like one percent, two percent uh, that would be an issue in a red flag for me, but uh. Typically, when insiders own a company that does speak well on the company, it says: hey, we believe in what this company is doing.

We're willing to put our money into it, and it typically can tell you if there's issues with the management, the financials, the plan for growth, et cetera, et cetera, because insiders won't invest to a company they're going to lose money on right, especially if they know what's Happening with the company, so these are both very good things for me to see. So that's something i just wanted to share with you guys. I do find that pretty interesting uh. Let's come over to the charts here and look at what we are seeing right now.

We have a very pretty healthy, fibonacci retracement right here, so we ran up from 40 cents, all the way to a high of a buck 48, and we saw retracement almost picture perfect outside of this one candle wick. This is one tailing bottom uh to 61.8 or 82 cents. We see one bounce, almost two bounces, and it holds up really well above that and now we're going to be retesting. This 50 retracement of 94 cents as a new level of support - and it does look like we did below this very momentarily and buyers - are stepping back in at this 93 cent mark, as you can see, and pushing the price back up, and this is uh.

This is actually a very good thing uh. This is called two lows high close, and i talk about this in one of my candlestick videos, but basically you have a candle that closes low, opens low and uh, or no did i say that right. This is a too high. No, this is a two lows high close yeah.

That's why i said that right. How do i got all mixed up? So we are. We are opening high, closing low opening low closing high, and that is a good bullish indicator. So it's good to see that buyers are stepping back in right now with uh zome anyways.

The overall volume has been lacking a little bit, but it is an investor's stock in my eyes, so uh one thing that i want you guys to pay attention to. Is the overall green volume coming into this, and we don't see a lot of red volume here to back that up which to me indicates there are still people holding zome at this given moment, and that could be a good sign that there's a lot of buyers That say: hey, i believe, in what this company is doing. It's not just a pump and dump. I have read by multiple people.

I don't know why you get into zone. This seems like a complete scam. Um and like i understand this company doesn't have a great history of financials, but you're, not investing in the previous financials if you were you'd, be getting into apple you'd, be getting into tesla, microsoft, etc. You're getting in the zone because of the potential for growth, not the previous growth, the potential for growth and, i personally believe highly in their truforma system the ability to regulate the thyroid gland in animals.

I think there's a is a very untapped and niche market where, if they can monopolize that truforma system patented commercialize, it they're gon na be able to make a lot of money, and i believe that zome is going to be capable of doing so by march. So i'm gon na keep my position here. If you're looking to establish a position, now is the time to buy. We are oversold right now.

We've been touching oversold for three straight days and uh. You know it. We might see a bottom out here, but we haven't seen it yet. It might continue to bleed just a touch so keep that in the back of your mind with whether or not you decide to get in uh, it's it's probable.

Now that we're pushing underneath this 94 cent mark that we're going to retest support at 82 cents, but it will depend on whether buyers step back in and hold this price over 94 cents. If they don't uh, 82 cents does seem to be the next stop. For the stock, it will just depend on how we hold up here today so be watching for that. That is going to be a very important level.

Uh. If you see a push under 94 cents, wait for a bottom out at 82 cents, that'll be a great entry point into the stock and uh. Personally, i think what i'll end up doing is if it drops to 82 cents, and we see it push underneath 94 cents. I will probably take profits on half three quarters of this and reposition myself at 82 cents and average up the couple nickels or whatever it'll end up being that way, i can lock in some of my profits so be watching for that.

I do recommend uh. If you, if you buy anywhere in the mid 70s, maybe you take some profits if you do say push for 82 cents and then reestablish your position, you're not going to go wrong doing that. So that's how that's looking right now uh! We did have the cross under the 15 vomit underneath the 200 ema, which is a bearish indicator, and that was as of yesterday currently in the pre-market. Today we may see this go the other way, but we'll look a little closer.

Once we go over to the two-day one-minute chart uh overall macroscopically speaking, it is just a hair bearish, just a little bit. We just we just entered into bearish territory. We have been bleeding for about four days and it does. It does not quite look like we found the bottom.

I think the bottom is going to be 82 cents. If i had to guess it's going to be 82 cents, we do have one two candle wicks touching here and it is still bleeding. We haven't seen a significant bounce. Yet the most bounce we've seen has been right here, but it was brought really really heavy by selling pressure right here.

This is a big wide range candle. So it's going to depend on whether buyers step back in today or not to keep the price over 90 cents if they don't 82 cents does seem like the next level and a great entry point into the stock. If you believe in the company. Of course, do your own due diligence? Do your own risk management um, because there's risk involved with every single penny stock in the market, you're not guaranteed to make money every single time.

So if we change orders to the two day, one minute chart real quick. Just take a quick peek for any extra confirmations, i'm going to delete this big green circle. You guys can see things a little bit better and you can see. We've got a little bit of a oh, i hate when it does that we got a little bit of a selloff happening here and there's not a lot of volume.

So, to be completely honest, i think that's a little bit of uh mm manipulation. A little bit of market maker manipulation, the triple m you have it set to m for mini. Oh man, anyways uh. We do have a nice bottom out, though, so that is a good thing to see a lot of buyers stepping back in either that or market manipulation.

Who knows it could have been either, but we do see nonetheless, a bounce off of 91 cents, so that is going to be a current acting level of support. I think it's likely to see a re-test of this uh in the future here. Just looking at these candle wicks right right right now, um, it does look like there's some pretty long wicks. So we've got a couple doji's right here.

This is typically actually a bullish indicator. Huh yeah! I don't mind that at all. Actually i mean the only thing. That's ugly right here is this: this wick, on top of the candle we've, got a topping tail and that's typically a bad sign, but we do have uh.

We do have two dojis facing up, and typically this indicates that there's some squeezing of price action and then we've got two nice big fat, hammers, three, four, five, six, seven! Oh there might actually be some buying pressure here today guys. I actually like that. A lot you've got two doji candles: we've got six hammer candles and the tails are on the bottom. That's pretty nice.

That looks really good. Actually, i i was a little bit nervous, but um looking at these candle patterns, i feel a little better about this today. So those look like there's actually some buying pressure, even though we're currently in bearish territory. So, at the very least, i think that 91 cents is going to be a significant level if we break below 91 cents you're looking at it bottom out around 82 cents.

So that is what i have for you guys today and the update on ticker symbol z-o-m. If you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i do have an affiliate link in the description box down below for weeble. If you'd like to get four free stocks with 100 deposit i'll also get some free stocks, you can click on that link if you're not interested, that's totally cool uh. It doesn't matter to me whatsoever.

I just appreciate your time by taking uh taking time to watch. My videos, so that's what i have for you guys today. Thank you for watching my friends and i will see you all next time. Peace,.

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