All right guys, we got a good freaking update today on jagex. I hope you're excited for this. I know i know there's a lot of people out there that have been freaking out they're, saying man, this thing's never going to do what it needs to do, but patience the time is coming. What is up? Everybody welcome to trey's trades.

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Now, today, we're gon na be giving you guys an update on ticker symbol, j, a g x, jaguar health incorporated we're gon na look at this uh macroscopically and microscopically, both on the one month chart as well as the one day one minute chart. I have three different indicators pulled up, which is the rsi, the relative strength index, anything over 70's overbought, anything under 30 oversold. I have the 200 ema, which is the exponential moving average, or this dark blue line, and this is just a 200-day moving period. Average valuation trend line and then the 15-day vomit - and this is the volume adjusted moving average.

Some brokerage accounts won't offer you this. You may need to use the v-wap or the m-a, but they're about the same thing, just a little bit different, and this is basically just a moving average trend line over a 15-day moving period that is adjusted accordingly to the overall volume going into a stock. So we'll talk about what all three of these mean, we'll level off some levels of support and resistance, based on the price action on the charts. Give you some potential entry points, uh some potential exit points i am not currently in this stock.

I will be completely transparent. I do not have a position in jagx. I decided to go with zome instead, but don't let it deter you from getting into jagx, because we have some really big news coming up. That should help push the stock price forward, so uh with that being said, let's just get right into the video, but first i do want to give a quick shout out to the guys over at the patreon.

We are looking at 520 members right now, which is absolutely insane. Thank you guys so much for your support. It really does mean a lot to me. They all have access to the private discord as well as real-time insight to my personal trading and guys.

We've got a lot of great stuff in here. We've got discord uh my daily trades. We've got chatting questions, investing assistance, options, trading short-term plays midterm, plays long-term plays back, plays colt stocks, the whole nine yards there's a lot of really smart people. In here i mean i love this part of the of the discord, because you get to see some insane returns, this guy made 11 in a week.

This guy is up 200 percent in a month i mean, if you want to be a part of this awesome journey. There is a link to the patreon in the description box down below so uh. Let's just give you a quick read off of what jagx is, if you're not familiar, they are commercial stage pharmaceuticals company which engages in the development of gastrointestinal products. Its products include canelovia, equalivia and neonorm.

It operates through the human health and animal health segments. The human health segment manufactures human products in the ongoing advertising of mitesi, which is used for the symptomatic relief of non-infectious diarrhea in adults with hiv or aids on antiretroviral therapy. The animal health segment commercializes prescription non-prescription products for companion and production animals - and we do have a very nice article that came out on january 21st, which was three days ago and we are expecting a pretty nice bump leading into this. So let me just read you: the description, quick jagex stock surge is ahead of jaguar health, spac merger meeting the company announced thursday a meeting concerning an upcoming special purpose acquisition company merger, and we are expecting this to take place very soon.

The meeting going over the space merger plan will take place at 8 30 a.m. Eastern time on the upcoming wednesday, and today is sunday, the 24th, so that would be monday, tuesday, wednesday, the 27th of january. You can expect this meeting to take place. Investors can follow this link if they want to register to attend the meeting.

I will leave a link to this uh this article in the description box down below. If you are interested in watching this uh this this meeting, that way, you can keep up to date with what we're expecting, but we are expecting jagex to uh go forward with a merger, and this should really drive the price on this stock. Now it's a little bit different than your typical spac play right. This isn't this isn't being done by a holdings company or by a blank check.

Company right jagex is already a developed company, so i don't think - and i'm gon na air on the side of caution and say i don't think they will be automatically pushing up to ten dollars. But it should nonetheless really really drive the price up on jagx and all those who are patient, pat yourself on the back, because you are going to have your day your day is coming. You should have a very nice fat paycheck in the near future. So, let's just take a quick look at the charts here and give you an idea of what we are looking at so as it stands right now.

This has been a very, very long, consolidation phase, we're looking at one two, three, four, five, six, seven, eight days where the stock price really hasn't done much. They were up four percent on the day, but absolutely nothing compared to the kind of growth we've seen in the past, moving up from 80 cents, all the way to a high of five dollars, they've been just kind of consolidating and consolidation is not a bad thing. Consolidation, in my eyes, slightly favors bullish territory, because this acts as a confirmation to buyers of hey. I'm not super worried about this stock, just ripping and dipping, and we can see here that it did not do that right.

We saw a little run up in the in the pre market. We actually stair step to a higher low, which is a good sign. Anytime. You see a new high set.

You are looking for another high or low set right, and we do see that happening here. They are continuously stair. Stepping the overall price action volume is down we're not seeing a whole lot of volume, but i'm not concerned about this, because i think that they're just people holding their position in jag x right now. We see a lot of green volume right here, a lot of green volume right here, and it's not really being matched up by red volume, which may indicate that this is an investor's stock and not just a trader stock right now, as far as the rsi goes And correction on the stock, we only have seen one instance really in the past month, where it corrected very harshly down to about 30, and that was right here.

Otherwise, most of the corrections on jagx have been just a hair below neutral trading in the high 30s or the mid 40s, which typically isn't that bad of a correction, especially considering how much we've seen the stock grow in the past month. Right i mean we had a couple days straight where the rsi was pushing 90 90, 88 79 right so to to go from 80 cents all the way up to five dollars. We only gave back about a dollar and a half of that just a little bit more, which really isn't that bad in the grand scheme of things. What comes, to my mind, right off, the bat is bngo ngo, had a period of time where it was just doing exactly what jagx is doing just not doing anything right, they were trading at six dollars, came all the way down to 420, just kind of sat Around consolidated for a long time and now the stock is trading at nine dollars and thirteen cents, actually ten dollars and twenty two cents right.

So they had about a ten day period of time where the stock wasn't moving right, and that is where jagx is right. Now we've got one two three four five, six seven days where jag x has just been consolidating and consolidation to me, is getting ready for the next leg up so get excited because we have a nice news, catalyst that should help push this up. We've got confirmation to buyers that the stock is not just going to rip and dip once we get the volume back and it starts approaching overbought again on the rsi indicator, you should see some really nice price action on jag x now uh. We do have the 15 vomit that is not quite crossed over the 200 dma right now, it's trading about neutral, so looking at the charts, this could go either way, but i do think this is going to slightly favor uh buyers, as we do have other confirmations On the chart, we've got this long consolidation we've got the rsi trading hair above neutral, the volume is down, but we do have green volume indicating that this is investors territory and not just traders territory.

We do have the upcoming news catalyst. We have a lot of confirmations that are saying: hey, jagex is doing it's getting ready for the next leg. Up now, if you're looking at a potential entry point, i'm going to drop a quick retracement. This is very easy to do.

If you have fidelity pro. Just click on fibonacci retracement: you put it at the base of a run-up to the peak of the run-up and i'm just going to change the color. So this is a little bit easier to see and you can see that we're hugging this retracement at 3.22, almost picture perfect. This is a 61.8 retracement, meaning that, from the base of this run-up to the peak, you are giving back about 61.8 percent of that run-up.

At this current price of 3.22 - and i think this is a very, very safe entry point into the stock - i don't see it dropping much lower than this, and even when it did it ripped right back up and uh bounced off of this level at 3.90. So i think, if you do enter into the stock at 3.22 cents or honestly anywhere around under around or under 330 you're gon na see a great return on your investment. However, if you do catch the slip in under three dollars like here when we broke through this retracement uh you're, not gon na go wrong whatsoever like if you catch this under three bucks. I think that's extremely undervalued.

If you look here on the rsi, when it was under three bucks, it was oversold to the point of 27 on the rsi indicator, which is an extremely undervalued cost on jag x. So man - i don't know, what's going on my throat, i need to drink some coffee. So that's how this looks right now on the uh, the one month chart entry point around three dollars: uh somewhere between three dollars and 322. I think will treat you very well.

I would continue to hold this for at least the midterm, as we do have a lot of upcoming news catalyst that should drive the price on this up exponentially now. If we look here on the two day, one minute chart just take a quick look at some of the price action see what we're looking at is uh a couple of things here, so we do have a top out, which typically means that sellers step back in To push the stock price down a little bit, so this is going to be an acting level of resistance on the day now, if we do push through three dollars and 44 cents, that should be a very positive catalyst and i'm actually gon na push this down. Just so, we get another touch point here at three dollars and forty two cents. If we push through three dollars and forty two cents, this should be an acting level of support in the future, and we are definitely bullish here in the aftermarket.

We do have the 15 volume across over the 200 ema uh rsi indicator was approaching overbought currently approaching oversold territory, but we did close higher than we operate. We finished after hours higher than we closed, which was three dollars and 24 cents and we closed out at 329 in the extended hours. One thing that i find very interesting and i'm going to share this with you as a tool is: you can actually predict when a stock is getting ready to peek out on price action for the day, whether that be high or low, and i want to show This to you right now, so you see this huge green bar of volume right here in the middle and that lines up extremely well with the peak of this run up, that is called finishing volume and finishing volume. What this can indicate is either the top out or the bottom out of a stock.

So look at this. For instance, we've got this huge, huge, green bar of of a huge red bar volume right and at that point we were just about at the lowest that the stock price had seen on the entire day. And whenever you see this, this huge spike in volume uh that typically means that is the lowest or the highest point. You are likely to see on the day in terms of price action.

Typically, what follows that is: a decrease in volume, whether it be red or green and you're, looking at either a great entry point or a great exit point. So here, if you were to swing trade jag x, you see this huge rip of green volume right here. That means that you are very closely approaching the closeout or the highest point on the day, and that could be an indicator to you of okay. If i'm going to swing trade, this i'm going to take profits same thing here, if you're looking for an entry point, you see this huge rip of red volume right here, very close to the lowest point on the day.

That should be an indicator to you to get into the stock. So if we look here at the lowest point at 3.21, we ended up closing the day, just the hair below that. But it does indicate to you that you're likely to see that as the lowest point or very close to it. So it is a great indicator to show you when you can get into a stock in the same side right.

We see this big rip of red volume right here, the highest point on the day that can indicate to you that this is likely to be the lowest point on the day. So whenever you see a huge rip in volume followed by a decrease in volume that can be indicated to you to buy in or to sell out if you're, looking at an entry point or a swing trading opportunity. So that's what we're seeing on jag x right now, uh, if you enjoyed the video, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy.

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