All right guys, i just wanted to start this video by showing you this super cool freaking hole. This is filthy. Thank you to uh, patreon and discord member yandy for these three custom, animated emojis! Look at this guys! You can't make this up. Look at that! Oh, that's cool! You can't see this one right now, but this is uh.

This is an upward trending chart and look at this bullish. Oh that's filthy! I just want to give a shout out to yanny. That's that is way too cool. Ah, what is up? Everybody? Welcome to trace trades, we have technical analysis on different stocks in the stock market, as well as potential buy holders sell opinions on these.

Given stocks. I like to preface by saying that i am not a financial advisor nor expert, so take what i say with a grain of salt. The reason that i started this channel is because a couple years back, i was about thirty thousand dollars 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 to you, guys make the community a little bit better off than it was before.

That's all that i can ask for. Lastly, if you would not mind 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. As i do post videos every day now, today, we're gon na be giving an update on ticker symbol. Apxt apex technology acquisition, corporation and they're, going to be later known as apex technology and guys.

I tell you what i love reading uh. I love reading some of the comments in the comments section, people saying apxt is never going anywhere: g-nog, never going anywhere fuel cell. Never going anywhere, oh man, because let me tell you this is filthy. That looks so beautiful.

I tell you what i can't wait to talk about this chart, but uh before we get into it. I just want to give a quick shout out to the guys over at the patreon we did have some new members joining us, gabriel, zach, stephen shawn, joseph brian roman austin me matt uh. We have 247 members currently looking beautiful. Thank you guys so much for the support.

It really does mean a lot. They will have access to the private discord, as well as real-time insight to my personal trading uh, and it is a great community uh and we we have great uh great opinions and advice on different stocks to invest in and then watch out for this scam account. This is not me guys, you'll know it's not me, because it doesn't have the great box around his name. Don't buy his stuff, don't buy his crap.

Don't call that number report the account if you can so we're going to be giving a rundown and an update on apxt we're going to take a look at this from a macroscopic and microscopic scale just to be transparent. I do have a position in ap xt. Currently, up about eighteen percent, four hundred dollars, i have 152 shares at a dollar cost average of fourteen dollars and twenty cents, and this is a midterm hold for me. I will be holding up until the day or two before the merger date.

I will be setting a trailing stop loss of five percent just so that i can lock in profits on the stock and walk away, a very happy man. So this is a spec play very excited, so let's just get right into the video. So we're going to give you a quick rundown on what ap xt is so we'll pull them up, quick on marketwatch and just give you a quick read through their blank check company. It is formed for the purpose of affecting a merger capital, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

The firm intends to focus on search for prospects within the software internet technology industries and if we check out apxt on stock twits i'd be willing to bet you uh. I really wanted to bet you money that uh their message volume. I don't know why. I didn't pull up apxt that their message, volume is up and sure as sure as uh sure snuff, it is sentiment, is up.

Price is up. Looking very clean, i'm liking the the action that we're seeing here and uh. You know it's continuous, solid climb. I i have a really good feeling about what's happening with apxt and i do have pulled up here a quick article talking about why we may be seeing this increase.

I will leave a link in the description box down below this was posted yesterday on january 13th and it says apxt stock. Why apex shares are climbing ahead of the app point? Spac merger - it's looking like investors are starting to take notice of blank check. Company apex technology acquisition about a month after investor place, highlighted its planned merger with app point. Apxc shares are up as much as 13 in early day trading today and gaining more than two percent.

On monday, readers may recall, contributor mark hakes, take on the special purpose acquisition company at spac and his december 7th piece that focused on several unique proposed mergers. While he acknowledged that the deal is a straight software technology merger, it is one of the rare deals that will also pay cash to existing shareholders of app point. They will receive 257 million in a cash payout. I actually didn't know that.

Oh, that's: sick, yeah, money, guys uh. However, he noted that existing spac shareholders will still only control 17.6 percent of the combined company, which is lower than normal. At point says: it is the largest data management solutions provider for the microsoft cloud. That is every time you see microsoft involved with any stock.

You just have to know right off the bat that you need your money in it, because that is freaking, oh god, oh man, i'd love to see that so i'll leave a link to this. In the description box, if you'd like to read more, but let's just take a quick look at the charts here, um - and you know right off the bat one thing that i'm noticing is - we were in a downward uh. You know a descending wedge for a while, which is a bearish indicator, a bearish uh pattern on the charts, and we did break out of that. You can see once we push above this uh this downward trend line.

We have seen a continuous run up, since we did have quite a few green candles confirming that the run-up was going to happen and we have been moving up pretty smoothly since we had the crossover on the the 15-day vomit over the 200 ema. The 15-day vomit is the volume adjusted moving average anything uh. You know it just gives you a a rundown of the price action over a 15 day period with adjusted volume and the 200 ema. The exponential moving average is a 200-day moving average based on price action.

Over 200 days and then the rsi indicator i'll talk about later anything over 70 is overbought anything under 30. Oversold and anytime. You see a crossover on the 15 day vomit over the 200 ema. That is an extremely bullish indicator and typically means that you're going to see a solid run-up and the larger the gap here, the more bullish to stock - and we are looking extremely nice right now.

So if you had bought in at this point at 14.77, you'd be up, you know about two two dollars per share right now, and i can see this continuing the run up. I do think we're going to retest this 18 mark up here on apxt and you're. Going to be looking very, very nice, so i'm definitely loving what we're seeing right now with uh with apxc. That does look nice.

We did push through that level of resistance at 1677, currently acting as the level of support, so we are going to want to retest some of these candle wicks that we're seeing you know 17 and nine cents. We do have a couple con, i'm actually just going to lower this a hair 17 and three cents with one two. Three four different contact points so pretty long, large and strong level of resistance uh. If you push through 17 bucks, i'm willing to bet you that will get through 1703 for the day.

Looking very nice, the volume is up a decent amount, um, which you do like to see and uh. If we continue to see this this volume you know from yesterday uh it's only up a little bit, maybe like one and a half percent one and a half times as much. But you know if we continue to see that volume stick around. The volatility will continue to increase and we will continue to see a pretty harsh run up on ap x t.

So that's looking extremely nice right now we are having some pretty clean movements, no patterns that i'm currently seeing um. You know this. This just looks like some pretty clean bullish movement at the moment, uh the rs indicator. We are currently sitting at neutral, not terrible territory to be in that is consolidation-esque and consolidation does favor bulls.

The longer stock consolidates the more confirmation it gives to buyers that hey this isn't just a trader stock. This is an investor's stock and, as as the stock does continue to consolidate and people don't take profits, they will continue to push the price up because think about it like this, there's nothing that kicks you in the nuts more than let's say you are you buy Into a stock at 17 and three cents, a dollar away from their high right and all of a sudden, it just plummets. Well, why would you do that right? If you can anticipate it, you wouldn't do it, but that consolidation period, what it does is, it tells buyers, potential buyers. Hey.

I really don't think this is going to tank. I think the risk is pretty low. I think the upside is there. I think that this is just a new level, we're going to hold and the longer that a stock consolidates the more likely you are to see buyers step in so like look at this, we have about a five day - consolidation period.

That's buyer confirmation guys. This is telling guys all right. I can see this doing something people step in once some people step in more people step in we're just seeing a stair-stepping effect here, and i do continue to see this run up. I i feel pretty good about it.

Eventually, we will have a pullback right that is inevitable um, but at the moment the movement does look very clean and i do anticipate that we will continue to see some pretty bullish movement as we are currently moving in an upward trend at the moment. So if we do change this quick to a two day, one minute chart really fast uh, we'll just take a look at some different things, we're seeing here on the two day, one minute chart, you know if you are looking today or swing trade, this um, i Would not short the stock? I would probably long it and play it off as a swing, because we are currently on some pretty solid upward momentum. You're going to be wanting to try to buy anytime that the rsi indicator is as close to 30 as possible on the one day one minute chart um, because this is still bullish territory. So, even if, on the day, the stock drops a little bit, you know in a 15-20 minute window.

All that is, is an opportunity for you guys to get in a very cheap cost, because if we pull up a side-by-side right now with ap xt on the one day, one minute chart and the one month chart right - and i know people say this - is harder To see so, i apologize. This won't be like this won't last very long right here we dip below the 200 ema with the vomit. This is a bearish indicator right. That means that people are over selling.

We can see that confirmation right here in the rsi, but in the grand scheme of things we are way gapped above on on the indicators here. So this is still bullish. Territory and all that is, is not a reason for you to sweat. It's a reason for you to take a step back and be like all right.

This is a good buying opportunity, the stock's not plummeting. It's still bullish we're just having a pullback and i can get into the stock for cheaper than if i bought it at an all-time high. So that looks very clean right now, if you are looking to day or swing trade, this looking to get in when the vomit is underneath the 200 dma as close to 30 on the rsi indicator, as you can possibly get, you know if you can get in Anywhere around, i would say, between 1677 and right around here at 1645 and swing this i think you're gon na do pretty well. I would not short the stock you'd be trading against the grain per se and the risk is a lot higher, um you're.

Just going to add to the case of uh, you know a pretty hard squeeze. You know you're going to help out the bulls. Quite a bit, but i don't want you guys, losing money, so just be very cautious if you do decide to short the stock. You know the risk is definitely a lot higher um.

So that's how we're currently looking with apxt. So if you guys 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 a link in the description box down below for tubebuddy. Now tubebuddy has an seo optimization website that i personally pay a nine dollar per month.

Membership for - and it is highly - would attribute growing from zero to seven thousand subscribers in a little less than a month uh. So if you're a content creator or looking to become one, i could not recommend this highly enough. It helps get your videos into the eyes of your intended audience and i will receive a commission off of your purchase at no extra cost to you. So it was a great way to support the channel if you're interested in doing so and if you're not that's totally fine.

I just appreciate you taking the time to watch my videos and support me in that way. So that is what i have for you guys today. Thank you for watching my friends and i will see you all next time. Peace,.