Oh yeah, oh yeah, we did it again guys i mean everybody at the discord. Did it again? I i wish i could have got a video out on this. I was at work, but we hit another freaking grand slam. I'm so excited to talk about this thing.

What is up, everybody welcome to trace trades. We got 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 purpose 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'm 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, they're, giving me here to the community and make a couple people better off than they were before, that's all that i can ask for last. If you would not mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this. Now, today we are going to be covering ticker symbol, admp adamus pharmaceuticals corporation, and this is a stock that was given to me by a member of the discord and a complete credit goes out to fitzy at the discord for catching this thing, all i did was Look at the charts. I saw the huge pump in volume we got into this about five minutes before the run-up happened and we walked away very filthy.

So uh we're just going to run you through a couple different things about admp we're gon na look at the one month chart as well as the one day one minute chart. Uh give you a couple different perspectives to look at. I do have three different indicators pulled up here. I've got the rsi, which is a relative strength index anything over 70s over a bot.

Anything under 30 is oversold. I have the 200 ema, which is the exponential moving average, and this is just a 200 day. Price action based trend line based on the previous 200 days of price action and then the 15-day vomit, which is a volume, adjusted moving average and some brokerage accounts. Don't have this you'll have to use either the v-wap or the m-a.

It's about the same thing a little bit different, it's about the same, and this is just a trend line. Uh average valuation trend line based on price action over a 15 day, moving period that adjusts according to the overall volume going into a stock. Let's talk about what these all mean. Look at the price action for the day.

Look at different potential talk about how this panned out i did end up getting into admp. I do have a position in the company with a dollar cost average of 102 980 shares. I took a small stake because it was a last minute decision. I didn't want to get in with a huge amount of dry powder, but we're looking pretty decent right now about forty percent 401 dollars up in the after hours.

It is down a little bit uh we're looking at about uh minus nine percent, or so it is. It is running down a little bit, but we'll talk about different game plans with this, how you can move, go moving forward with admp and we're going to tell you why this ran up so uh, like i said, thank you so much to fritz fitzy over the Patreon, for you know making this happen. That was completely on him credit over to that man. If you're interested in the patreon uh you do, you do get access to this private discord as well as real-time insight to my personal trading and uh.

It's a great great resource. You've got a lot of different trades in here uh. The link to the patreon is in the description down below now admp. If you're not familiar i'll.

Just give you a brief rundown of what they are. They are a biopharmaceutical company which engages in the discovery, development and sales of pharmaceuticals, especially by specialty, biopharmaceutical and other drug products. It offers i'm going to say that wrong symptom product for allergy, respiratory, opioid overdose and erectile dysfunction, markets, uh, and the reason that this ran up is because of an article relating to this uh at 4 20 p.m. This was written.

A damas pharma stock is taking off on wednesday following news of a possible treatment for the novel coronavirus, a demus farmer announced today that has submitted an investigational new drug to the us and food uh, u.s food and drug administration, the fda. This has it seeking to use temple to treat the corona virus and, as you can see on the charts, this went absolutely freaking nuts. After that happened, uh we had another grand slam and you know what anytime we hit a grand slam. I got a drink to that so today we are drinking a little bit of kraken pour one down for the guys over the discord for everybody that hit a home run a grand slam on 80 mp cheers to you all, it's absolutely beautiful.

We did it again. I'm so pumped for everybody out there that made money anyways. Let's take a look at everything here for the day. So if we look at the rsi indicator, you can see that the stock was extremely overbought for the majority of the day today and in the after hours right now it is correcting to just about neutral.

It is sitting at about 1.29 i'll talk about different ways that you can play this out this. This penny stock does have a little more risk involved than some other stocks, and i was very, very highly considering selling this out. But what came to mind for me is a new, a nouveau and after this has this huge run through the day. Now this is a little bit cleaner of price action.

Uh admp did have a little a little more choppy movements, but after this happened we saw a pretty steady run up in the after hours here and 80 mp. If we look at it right now, it's not quite doing that. Yet right, it's sitting at about 1.30 came back about 10, or so, as of now from that dollar 43 mark we did touch up at. I think above a buck 70 buck 66 was the high of the day.

The volume was insane. So this correcting to about neutral uh, that's that's to be expected right, uh that comes with the territory of almost 100 run up. We did go up 77 percent today, extremely bullish territory. The stock actually has been growing extremely well over the last the last uh couple weeks, or so.

This looks really nice. We had a crossover on the 15 vomit over the 200 ema, which is typically a sign of an upcoming run up and uh. If we look at the overall growth, it was at 50 cents on december 30th and before this huge run-up today was sitting at about 83 cents, so it seems pretty clean, steady growth uh. It was never in this sort of overbought territory.

That's that's pretty filthy, but if we look at the last six months for anything similar to this, the corrections are typically a little bit harsh they're, usually down here in that 30 range. We did have a period of time where it gapped down to that 22 range, but we've never seen volume like this before and i do anticipate that. We continue to see some pretty similar volume moving into uh tomorrow, not quite as high right, but i do expect it to be pretty decently high uh going in tomorrow. Just considering what we saw on the day.

I think this is going to attract some new investors. However, be extremely careful, there is risk involved with this play, so we have a huge gap up between the 15 volume and 200dma. A lot of volume volume drives volatility. Volatility drives higher price valuations, extremely overbought territory.

It pushed 93 today, which is absolutely insane and if you're looking for an entry point to admp, i think there's better stocks out there to take a take a shot at at least penny stocks. There's a lot of penny stocks that are blowing up right now. But if you are looking to get a position in admp, this is my prediction: uh, it seems like we have a very solid support level at this 50 retracement, which is at about a dollar and 24 cents so based on you know, this is very easy to Do you can go to your brokerage? Account click on the fibonacci retracement put it at the base of the run-up to the top of the run-up, and it gives you a percentage, uh, correction or retracement, based on the height of that run-up and from the height of a dollar 65. We have retraced down to about a dollar 24 and we are currently trading about a dollar 27 at this given moment uh.

So we have given a little bit back right, i'm still currently holding my position. As i said, i don't have a lot of money in this. This was a last minute call for me to get into so i don't feel terrible that you know what i should. I can't say you know.

Oh, i could should have woulda. I should have put more money in this, but i'm completely content walking away up 40 in one day. This is the very definition of nickel and dime in the market uh and i still think, there's a possibility for room to run. So if you are looking for a potential entry point, you're going to want to look for a couple different things, you're going to want to look for a little bit of volume, either in the pre-market, the after hours uh the regular market hours.

If you see any sort of volume, that's above this usual standard right, this usual standard of about a million 1.7 million 2.4 million in a 60-minute window. If you see numbers like this again, i expect some pretty harsh movement right now. One thing that i don't particularly like and that's going to increase the risk in this stock, and i always want to give this to you straight as i can i'm not trying to pump this stock. My own personal gain, i'm just trying to give you guys.

Information is we have a lot of red bars that match the overall green bars, which means that this was likely a trader's stock, not an investor's stock, meaning that people got into this for the day looking for money and they got out the same day right and To be completely honest, i'm gon na determine whether or not i stay in this stock based on the price action that i see if it starts to sell off very harshly i'll walk away with my profits. I'll be extremely happy with that and honestly we have seen a little bit of a sell-off happening here, so just tread cautiously. I think if you get into a nouveau, if you get into obsv there's potential, i think if you get into frsx, there's potential so tread cautiously. It might continue to run, but this also may just be a one-day trade based on the information and the psychology of the charts that we're reading right now, if you're looking for an entry point 1.24, like i said, is the 50 retracement.

We did see it bounce off of that level, so that looks like a very solid level of support and an entry point into the stock. So that's how that's looking right now if we change it over to the two day, one minute chart man, i'm so pumped that we hit this guys. That's two days in a row: we've had a nice call and honestly this is a portfolio saver. The rest of my portfolio was pretty red today, which i think was a general consensus across some people in the discord.

I know some people made off like absolute animals rocket obsv admp uh, but i was a little bit. I was a little bit red. I was about negative point: one seven percent down about 65 bucks uh and this play along with uh inuvo - were the absolute savers of the day and nubo is just the gift that keeps on giving uh but admp. If we look at the one day, one minute chart here, uh we're just gon na look at a couple, different patterns that i'm seeing and we do have a little bit of a head and shoulders right here.

So this is the head. These are the shoulders uh. Typically, this is a bearish sign. We did see a run up again after this, but we also saw a second head and shoulders pattern.

So you see another head right here, followed by two more shoulders earlier in the day, we did have a nice double bottom. I call this the george w, and this is w for winning or for one bowl. If you watch spongebob uh, this is typically a bullish indicator. You can see this double bottom, a little bit of price rejection, buyer stepping back in to push the price back up looks very, very clean, so that looks very nice.

And if we look at the end of the day into the after hours, we have entered some pretty microscopically bearish territory. However, this is being pretty extremely oversold if you look at the rsi indicator, so this is touching 30, basically, the entire after hours market. We do have the cross back under of the 15 vomit or underneath the 200 ema, which is a bearish indicator so right now this is pretty bearish territory. So if you are looking to get a position of the stock, you know this is being pretty extremely oversold right now, so if you are able to get into it, you know i'm not telling you what to do.

Do your own due diligence make your own financial. Investing decisions, but this is an opportunity to do so. If you do believe in the company - and you do believe it is going to continue to grow. Uh.

Look for some more volume. Look for an entry point around this retracement at 1.24. If it breaks below that you're looking at a dollar 15 does have some price action right here, so that is another pretty solid level of support. Uh look for some, i think, there's there might be potential here right.

There's just risk involved, so be very careful uh. This is a penny stock. This is very highly volatile. As you can see, it went from 80 cents to a high over 100 percent at about 1.67, and i am just so pumped that people hit another freaking grand slam on 80 mp.

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 and lastly, i do have an affiliate link in the description box down below for tubebuddy. Now. Tubebuddy is an seo optimization website that i personally pay a nine dollar per month, membership for - and it is highly what i attribute growing from zero to.

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I just appreciate your support by taking the time to watch my videos and making some fat filthy margins. 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,.

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