What is up, everybody welcome to trades trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I, like the 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 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 if i can pass along any of the information resources or tools, so you guys here at the community make a couple of people better off than they were before. That's all that i can ask for. Lastly, if you wouldn't 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. Now we're going to be giving an update today on ticker symbol, gnog golden nugget online gaming incorporated and a lot of people thought this thing was dead.

I got uh. I got asked by a bunch of people trey what the what the f is going on with g man. What's going on with g patience, my friends you need to you need to think of wax on wax off one with yourself, one with the world, because g-nog is just heating up now. Uh g-dog does not have a description on the on the market watch website, but if we just google their website really quick and take a look at it, you can see that they are an online gambling company uh.

They are the other competition to dkng draftkings. They have a whole bunch of different stuff available. They've got a million different slot machines. They've got roulette poker, blackjack any sort of game that you can play in a casino you can now play online and what you're investing in here is the huge potential for growth that golden nugget has, and i can see them being a huge player in the time To come, especially as the st the states begin to uh move forward with legalization of gambling uh throughout the country, even if we just have one two.

Three four states that legalize gambling you're gon na see this play a huge role and be a huge competition to uh to draft kings in the future. The upside here is extremely extremely high. If we look at them quick on on uh stock twits, we'll just pull them up gnog they have about 29 000 people watching message, volume is up, sentiment is down, price action is up and uh people are probably thinking. This is pretty bullish.

At the moment, 1.4 billion dollar market cap so far about 15.7 k in volume, uh looking pretty decent, they are on the up and up they had a green day. Yesterday of about five percent - and today we did just recently have a crossover on the 15-day vomit over the 200-day ema, the obama being the volume adjusted moving average anything over uh. Anything over that 200 ema is bullish territory, but it is just a you know: an average price action trend line that takes into consideration the overall volume going into a stock and the 200 ema is a overall price action trend line that is just based on a 200-Day moving period, so we did have a crossover in the pre-market today on the the vama over the 200 ema, which is a bullish indicator that does signify to me that we're going to be getting another bullish run, i'm really liking that the volume is nothing crazy. We don't have any insane volatility.

There is no really new news out on g nog, so people are just starting to hop back into the stock. I think that you know the entry point was good enough. That people were like all right. Let's uh, this is looking decent, we'll take a ride on it and uh.

You know, there's a lot of youtubers out there and investors who are high on g-nog and for good reason. It's got a lot of potential and to be completely transparent. I do not currently have a position in gnoc i i will be taking one as soon as i sell out some profits on some different swing. Trades that i have - but i am just giving this to you - how i see it, i'm not trying to pump the stock.

I have no reason to i'm not currently in the stock. I just think that it is a great company that has a lot of potential to do some awesome things so um. If we take a look here like we do have that crossover on the the volume over the 200 ema rsi indicator is above 70, currently and historically speaking, when we do approach 70, the corrections are more harsh than we've. Seen in the past, however, do take in mind that this was a spack play, and i assume that, because of that, you are looking at some people who are looking at this more of a midterm hold instead of a long-term hold and you're, not probably going to Be looking at that anymore, with g-nog you're going to be looking at in at least my anticipation, less people getting out of the stock when it starts to dip, because they're not going to be as scared of what's to come right because lca being a smack stock.

Um there was just some speculation, they didn't know what would come to fruition. If the merger would actually happen, then the date got moved around a couple of times. So it's a it's just a different ball game. Now that it is a solid company.

G-Nog is on the market. Gnocc does have potential, they have a product, they have a market cap, they they look solid and honestly. I can see this being an easy, easy. 40 play even a 50 play at the end of 2021.

If we do move forward with a couple of states, legalizing gambling, so that's what we're looking at right now we are currently in overbought territory, um, any sort of bullish or bearish patterns that i'm seeing on the charts right now. I do see one bearish pattern and that does uh kind of confirm what we've seen in the past with the bearish movement. But we did have a small head and shoulders pattern here, the head being in the middle there and the two shoulders being right here, which is a bearish indicator, and after that we did have a slope lead for a couple of days. However, we did push through right here and i do see a very solid bullish, flag formation right on the charts, which is the pole right here.

You see a sharp increase with that green candle, followed by a very nice compressing of price action, and you can think of this compressing a price action as um buyers, consolidating the price and, seeing you know what this actually looks pretty solid. You know, i think it's going to be easier if i zoom in this. This consolidation just gives buyers confidence that the stock price is going to stick around right. So we see this compressing from the top point here down to about there we push it.

Why is that doing that hold on a sec, guys i'll pause it all right? So we do have that bullish flag. You can see once we push through the top of that trend line. We did push through and basically all this is. It is a compressing of price action, it's spring loading, it's consolidation and it just gives buyers confirmation that the stock is going to continue to run and then once we did push through that top trend line uh we we're cooking with crisco and, as you can see, We are off to the races right now in the after hours and the pre market.

So looking very bullish, we do have a couple different bullish, confirmations here, uh and we do have that crossover on the vomit over the 200 ema. So i do like to see that quite a bit that looks very, very nice and i would anticipate that we continue to see that run-up happen. Now, video changes to a two-day one-minute chart really quick. Just take a look at some of the different patterns that we're seeing here, you can see that we do.

I will delete this uh. This big green circle reeling it right now, so you can just see this little bit smoother. Okay, so we do also have a second confirmation on the charts here of a crossover on the vama over the 200 ema, which is a bullish indicator. We do still have that gap leading into the pre-market, and even though we are a little bit red right now, we do have an increasing gap on the vomit over the 200 ema, which signifies to me that we should likely see another run for g-nog.

And that looks absolutely beautiful, so we are approaching you know and above that 70 rsi indicator, so that is overbought territory uh. I don't anticipate we'll see a very harsh correction, but it is possible just based on the trends we've seen in the past. However, i do think, since this is not currently a spec play anymore, it should be a little more smooth sailing in the future volumes, nothing out of the ordinary, very standard volume that we've seen in the last couple of days. If we look at the five-day chart real quick, we had a little bit of a spiky yesterday, but other than that it has been pretty smooth sailing nothing crazy in the pre-market.

So i wouldn't expect any crazy volatility. That's currently how we're sitting right now, uh exit points for this. You know, i think, if you, if you double up your money, you're looking at 100 margin on uh on the stock, you're, probably sitting pretty well um, i would recommend holding it until the end of 2021, as i do think it is going to be a 40 Or 50 play in that time period, possibly more, you know, i'm honestly, being pretty conservative. I like to be conservative, with my calls just so that i'm not putting anybody in a situation where they're caught holding the bag and missing out on profits, but that is currently how i think g nog is looking and guys.

I will update, as always whenever i see any new news come out on g nog. I've got nothing in this for me, i'm just trying to provide as much useful information as i can to the community here, and this is how the confirmation is looking on the charts, it looks very bullish, looks uh, looks like it is going to continue its run. So that is what i have for the video today. If you enjoyed it, please drop a like.

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Peace.