Good morning, vietnam, i'm excited, it is now friday, baby, it's actually tuesday, but it's friday to us over here to trace trades welcome to trey's trades. We have technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks, i like your 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 push 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 that are given to me, make a couple people better off than they were before. That's all that i can ask for. Lastly, if you're not mine, dropping 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, i've got some big news on ticker symbol, ship ship synergy.

Marie time holding corporation - and this has been a little bit of a slow mover for a little bit - but we do have a news catalyst coming up today - that i wanted to share with you guys that should directly affect the stock price today. So uh. Let's just get right into the video we're gon na talk about uh ship macroscopically microscopically. Looking at the one month chart the one day one minute chart.

I have three different indicators pulled up the rsi, which is the relative strength index. Anything over 70's ever bought anything under 30 oversold. I have the 200 ema, which is this light blue line. This is the exponential moving average, and this is just a 200-day average trend line based on price action over 200-day moving period, and then i have the 15-day vomit, which is the volume-adjusted moving average, and this is a 15-day price, action-based trend line that adjusts.

According to the overall volume that goes into a stock, so we'll look at all these different things, we'll look at different levels of support and resistance, any bullish or bearish patterns that i'm seeing on the charts and then uh we'll switch over to the two day. One minute chart and take a look at that as well uh, quick shout out to the guys over the patreon. We are 310 members strong. We do have quite a few people joining us over here at the discord.

Thank you guys. So much they'll have access to this private discord as well as real-time insight to my personal trading and guys there's a lot of gold in here. We've got a bunch of different places. Back play.

Shorts are midterm long term. Investing assistance, chat questions. These guys get all my feedback before i bring it to the channel. So if you're interested there is a link in the patreon down below now, if you're not familiar with what ship is.

Let me just read this off to you really quick synergy. Maritime holdings corporation operates as an international shipping company specializing in the worldwide seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of cape size, bulk carriers, and what i wanted to share with you guys today is a news catalyst that could directly affect the stock price and it seems to be flying a little bit under the radar, because the price Action is still a little bit dry, we're still floating around that 81 cent mark and honestly, until i saw this uh this tweet, i was planning on cutting a small awesome and moving my money and pivoting over to frsx and uh and new, but those two stocks Have been ripping so far in the pre-market i'll have a video out on those uh later today as well talk about potential strategies, but this might work out absolutely perfect. So this is the game plan.

After i show you uh, we do have a news article coming out that says this chairman and ceo, mr stamatis santanus, presents at the transportation panel noble con 17 noble capital markets on tuesday january 19th. At 8, 35 am cst est, which is going to be 7. 35 am cst, and this could be a huge catalyst that could push the stock price up. I know that i'm personally, i wouldn't call it bag holding, but i am down a little bit on this stock.

I got it at a dollar cost average of about to do 86.6 cents, currently trading at 81 cents with 4 900 shares currently sitting down about 279 or 6, and this could be a huge catalyst. This could push us up to some prior levels of resistance. So i just wanted to present this to you guys that way, if you do have a position in ship, i know i've been asked by quite a few people - hey trey, what's going on with ship, what's the game plan here well, this is your opportunity. If you are looking for one to lock in a profit and get out for me, this was a swing trade opportunity, uh down the road.

This could be a midterm holder, long-term hold, if you believe in the company long term feel free to hold it right. It is still a penny stock range, so it will be volatile. There is risk involved, but my game plan with this is a swing, and i will likely be exiting my trade today if the opportunity presents itself and we reach anywhere between this 90 cent to dollar range. If we push over, a dollar in momentum, keeps driving i'll keep riding it up, but if not, i'm going to be completely content, taking profits and pivoting over and taking my money over to frsx or a new, and these both these plays, as we know, are going To be absolutely hot, the next couple months, so let's just take a look at some levels of support and resistance.

We do currently have a nice acting level of support right around here at about 77 cents. This does has has been touched a couple of times and then i'm going to move this level of support up here to about 79.3 cents, and we do have quite a few different contact points, for this was the level of resistance in the past and now is Acting as a level of support, i'd be willing to bet if we retrace this with a fibonacci. This is super easy to do guys. You take the base of the fibonacci from the last run.

Up to the peak of the run up, it does retrace exactly well with this level of support coming in at exactly 80 cents. So 80 cents is a very strong acting level of support. It is a 61 retracement on the fibonacci. So that looks very nice.

If you are looking to get a position right now, uh as close to 80 cents, as you can get into this you're going to do pretty well, i think especially uh that that news catalyst does go well um. I can see the stock touching 90 cents, 95 cents, a dollar you can lock in a quick profit. Take your profits, get out, do whatever you'd like at that point, but i'm telling you what ship looks like it might do something pretty filthy here. So that looks really nice volume has been dying down a little bit, it's been uh, it's been bleeding.

We have dropped in stock price a little bit the last couple of weeks. I am down six percent, so it hasn't been much right. It's just been bleeding uh. The rsi hasn't been overly volatile.

It hasn't been extremely oversold. You know in the the high 30s at one point we touched 33 at one point in the pre market. We touched 33, but i think you're going to see a nice bounce here. I think you're going to see us touch up here in the upper 70s, maybe even the 80s.

If this news catalyst goes and comes to fruition, the gap between the 15 volume and the 200 dma has been thinning down, which means it's less bullish than it was before, but anytime that you see the 15 vomit over the 200 ema that is still bullish. Territory. Macroscopically speaking, this company is growing, they are still growing. I like what's happening with ship right now.

If you got in at uh 44 cents, you are still up over 100 percent right now, uh and a lot over 100, but just about 100 and you're sitting really nice. So if your dollar cost averages anywhere in the 40 cent range honestly, i think you're doing. Okay, i don't see a lot of risk there. I think um worst case scenario.

You know ship consolidates for a week or two or three and your money's just kind of sitting there like i wouldn't a savings account, but i do think it is going to continue its growth. It has been moving over the last three months. If we take a quick look here, well, not as much in the last three months, but especially the last month, it's really been picking up momentum and uh. It's it's looking like we're having a push here over the next uh 24 hours.

So i'm excited to see that play out uh we're looking at a resistance level at 89 cents, 93 cents, 95 cents and then a dollar. If we see a push over a dollar, i have a pretty good feeling. This is gon na run. That is a magical barrier for stocks like this.

If you get over that dollar mark you're going to bring in new investors new traders, it's going to set off, you know, alerts on the nasdaq unusual trading volume you're likely to get a day. Traders that'll push this. It should be a nice nice little push, i'm very excited for what will happen here with ships, so look for an increase in volume. Look for that that rsi to approach 70 during the regular market, hours and uh.

I think it's going to be a slam dunk and an opportunity for you guys to lock in some profits um. This might not be a grand slam hit per se, maybe lock in 20, 30. 40 right. I'm completely content with that nickel and dime the stock.

Uh. Add a little bit of position to your portfolio. I think you're gon na walk away a very happy guy or gal. You know we do have multiple genders watching this.

I got ta be more conscientious of that, but here's what we're looking at on the one day, one minute chart pretty flat price action trading really sideways. We opened the day on friday at 85 cents and closed a little bit lower at 82 cents. So a little bit of a bleeder dropped about two or three percent on the day, but um. It's there's no real bullish or bearish patterns.

Here. Besides this little bleed, we do have a bottom out which is really nice, and if we look here, this is kind of a stair stepping bottom out right. So we bottomed that uh about 81 cents and then bottomed again at about 80 and a half cents. So you could call this a double bottom uh.

It's spread out a little bit farther than i would like to see it, but that is still a double bottom and then right now in the pre market we do have the 15 vomit hovering right below the 200 ema. So watch for that crossover is confirmation to use that says. Hey this stock has entered bullish territory. It should be getting begin, its run, because that is how i personally predict breakouts.

So if you see the 15 bottle crossover on the one day, one minute chart and you see a gap here between the uh the one month chart as well in the 15 volume and 200 ema. That is golden. That's exactly what you're looking for, and that means we are in running territory. So that is my update on ticker symbol s-h-i-p.

I wanted to get this out to you guys as soon as i possibly could that way, you guys aren't panic selling. I was holding my position hoping for something like this to come. Um the charts didn't quite work out the way that we wanted, but it does work out when news catalyst like this comes out, because now we have all three confirmations. We had a nice chart set up, we've got the news, catalyst and we've got confirmation with the crossover on the 15 bomb over the 200 dma.

All three of those things are what i look for in this stock when i'm looking for it to run and ship looks like it's gon na check all three of those boxes today. So that is what i have for you guys if you enjoyed the video, please drop a like if it 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's highly would i attribute growing from zero to almost 9 000 subscribers in just over a month. So if you're a content creator or looking to become one, i could not recommend this highly enough.

It is a great tool to help get your videos into the eyes of your intended audience and if you do use my link, i will receive a commission off your purchase at no extra cost to you. So it's a great way to support the channel and, if you're not interested, that's totally fine. I just appreciate it by taking the time to watch my videos, so that's what i have for you guys today. Thank you for watching and i'll see you all next time.

Peace.