All right, i want you guys to do one thing for me before we get going on this video. This is for mike drop a couple, whiskey, glass emojis in the comment section uh for mike, because i stayed in the stock for that man over the private discord and uh. If this thing hits off, he owes me a bottle of whiskey, so remind him, make sure that he never forgets welcome to trades trades week of technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise 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 is because a couple years back, i was about 30 000 deep into 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 not financially free, but i'm doing pretty well for myself at the age of 23, so pass along at the information resources or tools to you guys. The community here at trace trades make a couple people better off than they were before. That's all that i can ask for. Lastly, 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're gon na be giving an update on three different penny play stocks that we have been playing with here on the channel. Let me give you an update on ticker symbol. B-I-O-L bio-lace incorporated we're gon na be touching up on ship. Well, i just apparently can't type we're gon na be touching up on ship, and then this was one that i have not presented to the channel yet, but i did to the discord and that is clwd cloud commerce incorporated and it'll be completely transparent.

I will show you have a position in all three stocks: i'm in ship and clwd and bio. This is my uh current situation on profit loss on all of them. I i am down 11.12 percent on bio 287, i'm down 3.64 on ship, and i am up 9.67 on clwd holding all three of these into tomorrow and we're just going to give you a run down on the price action. My game plan with all three just to help your investing decisions, uh make you guys uh have a little better idea of what to expect with the stocks just based on the price action.

So with that being said, let's just get into the video, but before we do so, i'm just going to give a quick shout out to the guys over at the patreon. You know some new members joining us: jason vakesh, adolfo magdaleno dna milton khalil, jay, gad, keith, you're, all 228 members strong, and thank you guys so much for the support. It really does mean a lot. They will have access to an amazing private discord.

Full of awesome investors and traders uh great ideas, great perspectives, as well as real-time insight to my personal trading. So if you are interested, there's a link in the description box for the patreon and then watch out for the scam account, this is not me. You'll know. It's not me because it doesn't have a great box around his name report, the account, if you can don't call that number, don't buy his crap, so we're going to start off with my uh, probably my my least favorite stock, the one that's pissing me off the Most and that is ticker symbol, biol biolase incorporated now.

There is a reason that i am still in this stock, guys and uh. It is because of a couple different reasons. So one being we have great volume on the last two days. We did have a lot of red bars today in the volume, but we were pretty oversold.

We were approaching 30 on the rsi indicator, the relative strength index. Anything over 70 is oversold or overbought. Anything under 30 is oversold. We were approaching oversold and we hung there for most of the day saw a pretty pretty harsh limit order selloff at the beginning of the day - and i am still in this stock because the volume is still high and there's quite a few projections out on biola.

Saying that this could be a buck 50 to 2 stock at the end of the month, and that is from a couple different sources. I got that from the patreon. Quite a few people dropping that quite a few people are pretty high up on this stock and my dollar cost average on biol, biolas i'll, just be completely transparent and show you is one dollar and three uh 1.035 2500 shares and uh i'm gon na be looking For a retest of 131 - and you know, i can see this playing out a couple different ways. So if we head into tomorrow - and you know this stock continues to bleed - we push through this the support line at 0.866, and we come down to a previous level of support sitting right around here at about uh.

You know seven point, seven, three, six three cents and if we push through 0.866 i think it's going to be pretty rough and i'm just not gon na. Let that kind of uh that kind of uh you know lawsuit in my account, so i will likely cut my losses at that point. But if we do see a bounce off of 0.866 - and we do come back up and approach, you know a dollar push through a dollar come to a dollar fourteen to push through a dollar fourteen dollar. Thirty one, you know i'll just be taking a quick look at all these levels, so write them down if you want them in the back of your mind, but you're gon na you're gon na wan na watch for a push through a buck 14 and a buck.

Thirty one, and if we do push through a dollar thirty one, i think a buck. Fifty is pretty reasonable, but i'm going to be completely satisfied taking profits. You know 20 30 margin on this. That would be perfectly fine with me, but everybody's situation is different, so make your own decisions make your own due diligence decide whether this is a worthwhile swing trade for you.

If you are not currently in the stock - and you are looking to swing trade, this i do think .866 or as close to that as you can get, is a pretty safe entry point. So just keep that in the back of your mind and then, if you're looking for an exit point, i think that this is pretty capable of breaking a dollar macroscopically speaking. This is still bullish territory right. We are still trading way above the 200 ema, with the 15 day vomit the volume adjusted moving average, which is just a 15 day trend line that takes into consideration the overall volume and adjusts the trend line, 200 ema being the same thing, but over a 200-day Period just takes into consideration the overall price action without the volume and we're still in bullish territory macroscopically.

So i'm gon na wait a day on this and see how it's looking, but this may be a stock where i end up cutting my losses, i'm actually a little bit bummed about how this turned out. There was a point in which i was up. You know about 20 percent-ish when we did touch 1.31 and we saw a pretty heavy price rejection and they left blood very fast. It was.

It was about five or five or ten minutes and we were sitting in a little bit of a hole, and i was at work today so didn't quite have the opportunity to sell out, and i looked at the charts you know i was just uh, taking a Break from some stuff - and oh man, it was, it was bleeding a little bit, so i will be watching for a re-test of a dollar if we do push through that, i will likely hold until maybe a dollar fifteen and honestly, if it bounces off a buck. Fifteen, i'm just gon na take my small profits and move the money somewhere else, because there are plenty of hot stocks, and i really like ctrm if you've already seen that video. So a lot of opportunity available in the market right now still bullish territory looking to get an entry point, 0.866 looks good uh, looking for an exit point watch for a bounce off of a buck 15.. If we push through that watch for a bounce off a dollar 31, if we push through that, you know, then we're going to be looking at uncharted territory, and you can just make your own decisions based off of that.

But you guys know if you've been a part of the channel for a while. I like to nickel and dime i like to take chump change and slowly build out the portfolio and make it as solid as you can over a period of time. We're not here to gamble we're here to run a business and uh. That is the best opportunity with bile so move on to the next stock.

Really quick, and that is ticker symbol, s-h-i-p ship and ship is a stock that i think is actually sitting in a decent spot right now. So if we do look at the price action here, i'm going to move this trend line because we did not keep that upward moving channel. We did break through the bottom trend line, but if we do look at this really quick and just adjust the overall trend line here as so, we are currently moving. Why is my mouse being so goofy? All right? We are currently moving in.

You know an upward uh momentum from where we were three days ago, so this is still an upward momentum. Currently, if we do break below 74 cents, a level of uh support, that's that's really concerning i got into this stock with a dollar cost average of. Where is where's uh where's ship dollar cost average of 0.866, and if we do break below this level of support, i will likely cut my losses there and consider that an l. So i will be watching the price action pretty carefully, and one thing that was pointed out to me in the patreon - and i also noticed is there's usually quite a bit of price action in the pre-market in the after hours.

So if you are able to trade in your brokerage account, you know during the after hours of pre-market fidelity pro is a great tool to do so. I can begin trading at 6am cst. I think it's 7am est. You are able to get into this stock and trade during that given period of time, and if i do see a push up in the mid to high 90s, i'm probably just going to take a small profit and move the money somewhere else and uh.

Consider that a small win, nickel and dime this thing so i'll be watching for 89 cents, 93 cents. If you do push through 93 cents. You know there is a little bit of resistance that i can see right off the bat right here at about 96 and not a lot of price action from there. So if we do push through 96 cents, i think the next you know station to look for is a dollar i'd, be very happy taking profits at a dollar.

That's currently how we're looking right now. So if you're looking for a position and ship you're gon na be looking at an entry, that's pretty solid right around here at 83 cents. We are hugging that line of support um and you can ride this up to any of these levels that i've got written off here just depends on what kind of margin you're looking for with the stock. So that's how we're looking right now it was a bearish day.

The vama is still very high above the 200 ema, so this is macroscopically still pretty bullish territory. If we change this to the two-day chart really quick and a one-minute frequency i'd. Imagine you're gon na see the vomit cross underneath the 200 ema and we did, but it is hugging it pretty closely right now. It was a little bit of consolidation about halfway through the day, which is why i still have my position right.

We didn't see that bleed continue. If we did see you know it bounced pretty well back up from the support line and if it does drop below again, we see a pretty harsh selloff, i'm just going to cut my losses and call that an l and that will be a stock that i Missed the opportunity on, but i know there were people that were able to make money off of this. I entered into this uh yesterday and there was a point in which people exited their trade at buck. Four - and i did talk about this in my previous video covering ship, but this was one that i regret not taking profits on um.

I i was watching this price rejection and that's the learning point that i want you guys to take away. Is you know, as traders there's always a lesson to be learned in every single investment that you make and when an opportunity to take profits does come? I do recommend that you take them as the market is so unpredictable, especially with these penny stocks. Movement is so volatile, you just don't know. What's going to happen, we can predict as best we can right.

We can make educated guesses based on the charts, but if we could break the predict, the future we'd be long in stocks when they're going up and short stocks when they're going down we'd be millionaires in a week. So that's how we're looking right now i will be watching for a hold over 82 cents. If we see a dip below, i will take my losses, the small loss that it is i'm currently down about 153 bucks and if it does cross down under 82 cents, i'd probably be around 180 200, so that'd be another small l, and that is what we're Looking at with on chip, so we'll change it over to clwd, and this is a stock that i actually plan on swing trading. So if we look at this on a one month chart, this has been so filthy and this is flying under the radar.

Let me just pull this up on stock twitch, really quick just so you can see how few people know about this stock, seven thousand members, and yesterday they were at six thousand and the day before they were at five thousand. So this is just starting to gain traction, guys um, even though it is up an exponential amount in the last. You know five six, seven days um, you know they are probably thousands of percents by now, people are just starting to figure this this this stock out. The volume on this it's increasing right, but people are just starting to figure this stock out.

There's not a lot of people that have their eye on this, so i do anticipate that clwd is going to continue its run. I am currently up a little bit. I got in a dollar cost average on clwd of 0.154, currently up a little under 10. There was a point the day when i was up 20, but i do anticipate this continues its run because the price action here has been pretty freaking clean.

It's looking really really nice, so um, i'm really liking. What we're seeing here with clwd. I will swing this trade and uh. The vama is exponentially above the 200 ema.

There's been no sort of you know, bearish pressure. Here we have a couple of red candles right, but most of this is just green. It's just straight up beautiful price action and until i see a trend reversal, i'm just going to keep riding the swing, because if it looks like a lemon, it smells like a lemon. It tastes like a lemon, it's probably a freaking lemon man.

So this is looking. This is looking really nice and clean, and you know we ended up the day, just a hair under 17 cents, i've seen some analysts predictions saying that this will be a dollar by the end of january and if that does come to fruition, guys that's pretty filthy. I would turn 15 000 shares that you know. I don't know that comes out to 2 500 bucks that'd be 15 000 dollars so um.

I will be watching the price action closely. You know i i'm not saying i'm going to hold this until the end of january, but if the price action does continue to be bullish, i'm just going to keep holding the stock and i'm just being completely honest. So that's how this is looking right now, if we change this to the two-day chart really fast, it's looking pretty nice right today was more of a consolidation day. We didn't see a ton of price action and we did cross underneath the 200 ema with the vomit at the end of the day, which is a bearish indicator right, just being completely transparent.

That is a little bit bearish, but the majority of the day was extremely bullish territory and we do still have great confirmation on the one month chart that this is still bullish territory. Macroscopically speaking this looks, this looks absolutely beautiful and i honestly think i'm going to hold this now there there has been some talk saying this isn't a great company. You know i wouldn't hold this mid to long term and i don't plan it in this middle long term, but to be completely blunt traders really don't care about the fundamentals of a company. They care about the charts, how the charts look they care about news catalysts.

Any sort of news or public relations or releases that are going to affect the stock price in a positive or negative way you know, depending on, if you're, lying or shorting, and that is about it. They care about the psychology of people how the price action looks, which is what the charts tell you. It tells you the sentiment of what people think the stock's going to do and right now people think this is going to keep running. That's what you're seeing on the action here i mean up until today.

We really didn't see that many red candles. This is all this is all green, so this is still extremely bullish territory to me. If you are looking to get into the stock, i will level off some levels of support and resistance. Really quick.

We're looking at a pretty decent support right around here at about 13.69, followed by another level of support right around here at about 15.31 cents, and i did get in just a hair about 15.31. I think you guys can do better than i did. I think that 15.31 is possible. You know it does depend on whether we move up again starting the day off tomorrow.

I don't think this is really available to trade in the pre-market or after hours. There's not a lot of action happening here with that. So just keep that in the back of your mind, but the volume is still looking good. You know it is still moving up from where you were three days ago.

I do think this is going to continue to run, and that is how clwd is looking. This is my favorite of the three penny plays that i'm currently in, and i'm probably going to get into ctrm. If i do take a loss with my other two stocks and make a quick buck there, because i think that looks absolutely filthy. So that is what we're looking at right now, with the three penny plays that i have uh presented to you guys now i always like to be transparent and say hey.

This is how we're doing you know, and these two i i took a small loss. You know so far, you know we'll see what the price action looks like tomorrow, but i'm not going to be one of those guys that says: hey we're gon na hit it green on every single one of these. That's not that's, not the point. Uh.

The point is that we, we minimize the losses and capitalize on the gains and try and move forward and keep hitting these as hard as we can and capitalizing on the big ones, and i think clwd is going to be a big one. I think ctrm looks like it's going to be a big one, and that is what we're looking at right now. So that is what i have for the video today. 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 have an affiliate link in the description box down below for tubebuddy. Now. Tubebuddy is an seo optimization website that i personally paid nine dollars a month for a membership for, and it is highly what i attribute growing from zero to 6.5 000 subscribers in a little over three weeks. So if you're a content creator or looking to become one, i could not highly recommend this 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 at no extra cost to you. So there's a great way to support the channel and, if you're not interested. That's totally fine, i'm just glad to have your support by taking the time to watch my videos, so that is what i have for you guys today. Thank you for watching my friends and i'll see you all next time.

Peace.