Guys you're not even gon na twix at eight in the morning. I don't know what you're doing on your weekends guys. 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'd like to preface by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. The reason that i started this channel 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 to invest my money and i'm happy to Say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23., so i can pass along any of the information, resources or tools. So you guys are here in the community, make a couple people better off than they were before.

That's all that i can ask for guys. I got my undergraduate nutrition, so i'm telling you anybody can learn how to do this. Lastly, if you would not mind drop 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, let's say we're gon na give an update on ticker symbol, clwd cloud commerce incorporated to be completely transparent.

I do have a position in the stock. I am currently sitting at a dollar cost average of 14.4 cents. 22 000 shares down about 32 percent. This is uh.

This has been bleeding a little bit. I i misjudged the bottom for sure i bought in a little bit too early and uh. I'm definitely paying for it right now, but i'm not i'm not worried yet in the sense that uh, you know, i'm gon na lose all my money. Of course, i i realize, when i get into a true penny stock like this right, that the potential to lose all my money is there.

The risk is extremely high, but i'm not worried yet because uh, it does look like. We may have found the bottom and we'll find out is that as the stock continues to trade leading into tuesday, but um we'll talk about a whole whole bunch of different things here. So we'll look at this from a macroscopic perspective, the rsi uh a relative strength index. Anything over 70 is overbought anything under 30.

Oversold we'll look at the 200 ema, the exponential moving average, a 200-day average trend line based on price action over that moving period and the 15-day vomit, the volume-adjusted moving average. Some brokerage accounts call this the v-wop or the ma, the moving average, and this is a 15-day, uh volume-adjusted moving average that takes into consideration the overall volume that goes into a stock and adjust the trend line. Accordingly, let's talk about what these all mean, we'll level off some levels of support and resistance, and look at this at a one day, one minute perspective as well, but if you're not familiar with what uh clwd is, i have them pulled up on market watch, we'll Just read it to you: real, quick cloud commerce engages in the provision of cloud driven, electronic and mobile commerce solutions. It provides digital advertising solutions, the firm offers data analytics digital marketing, branding and creative services and development managed infrastructure support, and if we look at them up on stock, twits 8 400 members message, volume is starting to drop sentiment is starting to drop price is starting to Drop um their overall market cap is 77 million dollars.

Very small company volume is 74 million. Take that for what it is um i haven't seen any recent news come out on clwd, although if we do have a catalyst that pushes the stock up, that is going to help the overall volume of momentum that rolls into clwd as a trade, and they don't Typically trade during the after hours of free market, so it can be really hard to get a gauge on what to expect for this company um. You know on on regular market hours just because we don't really see them trade a whole lot during you know those time periods, but the last two days have been either oversold or neutral. We have been, you know, really really kind of bleeding a little bit.

Um 30 over the last i think, actually 40 over the last two days um. So it's been pretty rough right. It's it's been. It's been a bleeder for sure, but some levels to watch for that.

I think are going to be very indicative on whether we hold this position or not, is going to be a re-test of uh, where this candlestick touched right here at about 9.13 cents, and this was a previous level of resistance that we pushed through right here. Uh and if we fall below that it does look to me like the next level of support, is gon na be right around here at uh, eight point: four: four cents now that doesn't sound like a big difference, just a penny but uh. At this point, a penny is like uh, like a 20 drop, so um just keep that in the back of your mind, with your investing decisions, there is a lot of risk here. Um it doesn't.

We might have found the bottom, but we are still stair stepping down the last two days right, there's not a lot of price action yet to say that hey, we found a reversal um based on yeah. I just i don't feel comfortable telling you guys it's gon na reverse, yet um. If we see a correction in the rsi indicator and we see it kind of bump back up to this overbought territory. Remember we have been over bought for quite a while right.

That was like five days in a row over bot territory, so we very well could easily see a five-day correction from this overbought territory. It's just hard to say. So, that's how that looks right now we are still in macroscopically speaking bullish territory. We still have a very large gap between the 15 day, vomit, the 200 ema, so that is something to keep in the back of your mind.

Volume was down uh yesterday, which actually is a little bit comforting and uh. That's because look at all this green volume here, i don't think these guys have sold yet they're still holding right. So i think this red volume speaks a lot about the psychology of who's investing into the stock, and i think it's saying hey, there's still people that are holding back when this is a penny and they're not going to sell, and maybe you have some guys that Chased a little bit, you know they bought right here right here, like 17 50 at 18 cents, maybe at the very peak at 20 cents um. Maybe they're chased a little bit right.

That's tough! I understand that, but i think that there is a possibility. It comes back up, um, a positive news, catalyst or uh. You know press uh, public relations, any of that sort of stuff is really gon na help push this stock up we're just waiting on on something for sure um. But you know if we do see a train reversal, i think you're going to watch for that bounce off of 9.13.

You know it does look like we are still. You know microscopically speaking bearish and we will confirm that on the two day, one minute chart real quick, so we'll just change that over and on the two-day one-minute chart, it does appear that we are bearish for the majority of the day uh we did have a Crossover right here at the end of the day, back into bullish territory, but at the end of the day again we did cross back over into bearish territory and we saw a little bit of a sell-off. And if i had to guess, i think that this is people who were bag holding taking profits because they were they were even steven or or something along those lines. Uh, and i guess that makes sense.

I understand there's a lot of risk involved with clwd and i can't say a whole lot because i'm currently down quite a bit in the stock right, i'm always going to be transparent with you guys, i'm not just going to show you my wins i'll, also show You when i'm losing, but i hope i held nbis when i was down three grand for like two months and uh. This is nothing to me. That's nothing whatsoever! Uh to me. The upside here greatly outweighs the downside like if i, if i, if this just gets back to 21 cents right if this gets better 21 cents and that's as much as it does uh.

I still have a 50 margin of profit on my investment right and i have no reason to believe yet that this is going to continue bleeding um. It's still in bullish territory. We may see more correction, but i don't think it's going to continue to be this harsh, it's it's tough to say for sure, but historically speaking, the price action on the stock has not been very harsh right. So it'll be very telling what we see on monday, but we are currently in a microscopically speaking bearish territory um.

So we are going to be watching for a trend reversal, a bounce off of 9.13 we're going gon na be watching for some more green volume. If we open with green volume, guys, that's pretty usually indicative on how the stock is going to perform for the day and uh if we open with red volume, it's historically closed red. So just keep that in the back of your mind, that is an interesting trend to pay attention to with clwd um yeah we're looking for a rebound on the rsi indicator. Come back to that overbought territory, we're looking for more green volume, we're looking for a bounce off of 9.13 and uh across back over on the 15 day bomb over the 200 ema.

That's all the things that i'm looking for. We do have uh yeah. I don't! I don't think there's much of i mean we've kind of got the w right here and uh. That was yesterday's price or two days ago, two days ago, price action, but we got the w.

I always call this the george w the w for win the w for wumbo, it's a double bottom and that's usually a bullish indicator. We did see a pretty nice steep climb after that. So that's something to keep in the back of your mind but uh. Since then, we have been slowly bleeding and i i just don't see any sort of patterns on here that are screaming to me.

They're gon na have a trend reversal yet um. This is kind of a stretch. I don't. I don't want to really confirm this, but it does kind of look like we have got a cup and handle.

Maybe we got the big dip, the little dip, but that's not a very strong one by any means. I i don't feel very comfortable saying that, but you can speculate if you want uh at the possibility of that so um, overall macroscopically speaking so bullish territory. Last two days have been extremely bearish. We have had some nice buying pressure for rallies, though, and that is a little bit comforting if this is just a like a an 8 30 to a 3 o'clock bleed session.

That would just be so crushing it really hurts to watch for sure, but uh. It's not looking too bad right now, we're looking all right, so that is my update on clwd cloud commerce incorporated 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.

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