What is up, everybody welcome to trades trades, where we get 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 prefix 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 pretty bad 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 am 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 uh to the community, here, trace trades make a couple of people's lives better off than they were before. That's all that i can ask for. Lastly, if you would not mind dropping like on the video, really does help support the channel and consider subscribing, if you like, to see more content like this, as i do post videos every day and i will be giving updates on my weekly penny plays as well.

So quick shout out to the guys over the patreon we do have some new people joining us today. Has my lot anthony sean noah kevin thomas pedro chaps back. Thank you guys. So much for the support really does mean a lot to me.

They will have access to the private discord as well as real-time insight to my personal trading. If you are interested, there is a link in the description box down below to my patreon. Now i just want to tell you guys that there is a spam account out there don't fall for his stuff, don't buy his crap. You can tell that it's not me because it doesn't have that great box around the name.

So just be watching for that. If you want to report it that definitely would not bother me whatsoever now we're gon na be giving an update on the other. Three penny plays that i had introduced to you guys in my video on sunday. My four stocks that i had presented were azrx acst zone and check, and if you got into any of these plays, you know, i do think that they have some pretty solid potential and i just want to give you guys an update on the other three besides Zone that you know gives you an idea of what to expect in the next trading day, just so that i can be completely transparent with you guys and tell you how things went, how we're looking on the day, how we're looking moving forward and then you can Make you know the best deal with your current uh financial situation, so we'll start with check and give you the price action here.

How things are looking we'll drop a couple lines of support and resistance. We are currently sitting at about a buck 50 for a level of support and honestly, not a lot of price action on this today, uh, it's it's looking a little bit slow and that's not the end of the world right. So if you got into this play for a quick swing, this is probably the least exciting out of the four um. So if you want to call any of my four plays a failure, this was probably the one, so you know we it could still get moving right.

If you do have a position in the stock, i wouldn't worry yet. This is a. This has been a really solid consolidation day and if we do actually look at the price section and drop a quick trend line, we are looking like. We are forming a little bit of a wedge formation right now, tightening a price action, and typically what this means is that we've got some um.

You know pressure from buyers and uh. When you see this compressing a price action, you can think of of it. As you know, sellers will, try to you, know, drop the valuation on the stock, either short it or take profits. Then buyers won't let it happen right.

So you're loading the spring and right now we are loading the spring pretty heavily and honestly, if we draw up a trend line from this huge run-up that we saw right here, you could call this a a pretty solid, five-day um bullish, flag formation. So we drop a trend line here. Take that down drop a trend line here from about uh, we'll call it here that wedge falls in nicely to that overall bullish flag that we're seeing. So that is a bullish sign.

You know. It typically means that something's about to pop off in the near future, the volume was nothing out of the ordinary rsi indicator, nothing out of the ordinary anything over 70's ever bought. Anything under 30 is oversold. It was a pretty standard day right, but that doesn't necessarily mean that it's not going to pop off in the future.

This is just what we saw for the price action today. The overall confirmations are still bullish right. I can't predict the future if i could we'd be hitting green slams on every single play that i presented to you guys, but it looks to me like it was another setup type of day on check. So if you did get a position in the stock, i would not worry yet now.

This does look like a pretty safe play, probably the safest out of the four that i presented to you, because it is over a dollar. It is at a buck. 63. Right now, so the downside is not extremely high.

We have been you know, consolidating for a good couple of days, so i say that this price action is very safe. We did find a nice bottom here at that buck 50 mark and we are hanging above that right now very nicely. So you know the volume wasn't crazy, so we didn't have any uh. You know insane volatility.

Rsi indicator, nothing crazy. The volume adjusted moving average is still trading above the 200 ema. Back from this point, you know back here, so we are still in bullish territory on the one month. Chart um so don't be too worried about uh about this stock.

If you do currently hold a position, if you're watching for a break above 1.79 - and then also, i would watch for you know a break over this trend line right here. So if we do zoom this out a little bit - and we you know, continue this overall wedge formation that we're seeing i'm just going to drop this down at the moment, just so that i can show you really quick. How we're looking extend this line. Watch for a break over this trend line, because if we do come up around that dollar 70 mark and push through that, you know you are going to be looking at - probably some pretty heavy buying pressure and a nice run up towards the previous level resistance around Two dollars, so that's currently how check is sitting right now, if you're looking for an exit point on check and you are currently in it - you know if you go up 10.

20. 30. 40. I'd count that as a win, i'd lock in profits or at least half of your profits, you know let the other half ride, see what it can do see if we can retest that 290 or three dollar mark um, you know and then you're not losing.

You know you're you're playing on house money per se, so that's currently how check is looking we'll switch it over to azrx and azrx had a crazy uh crazy day. It went pretty insane in the pre-market and if you did watch my my penny play video, i did say that this is probably a stock that you're going to need to get into in the pre-market. I personally did not take a position like i said in my video earlier today. I got into zome um, but we had a lot of price action right.

We started off the day at 86 cents and i said guys this looks like a pretty solid buy. This is flying under the radar, we're beating the hype here and if you did ride this in the free market and day trade, this you could have gotten out at a buck 45 and two extra money, which is absolutely filthy. You know right now: we are trading at about 92 cents and it doesn't look that bad right. We are actually still up on the day 12 and a half percent this conference that they're presenting at the hc wainwright conference.

If we just pull this up really quick, i will show it to you on the internet, hc wayne wright um conference. Oh god, i can't use my keyboard well. Apparently, this conference is a uh. It goes from the 11th to the 14th, so it is four days long and i do anticipate that this will.

You know, present itself as a solid swing trade opportunity. The volume was nice, we did have an unusual trading volume day, which is why we saw some volatility. You know a slow sort of bleed in the you know the regular market hours, but we are actually up in the after hours right now, so not looking too bad there or, if anything, we're even right now in the after hours. I know if we change this to a two-day chart: 92 cents and we closed at 92.2.

So you know pretty much even steven, but we are moving up slowly in the after hours right now. So if you do hold a position in this stock, be watching for a break over um, first off this dollar mark. This is going to be a pretty significant level, followed by a break over a previous level of support, which will be an acting level of resistance. You know sitting at about a dollar ten and if we can break through a dollar ten, i think you know retesting.

These highs on the the pre-market action is very possible. So now i think this is a great play personally. This had the best technical setup out of any stock in uh in the four plays that i presented to you and it's looking really nice, we do have you know a little bit of selling pressure. This overall action during the regular market hours is bearish right, but we are still long term in bullish territory.

We do have that confirmation from the volume adjusted moving average over the 200 ema. I always look for that in any stock. I look for you know. Basically, three confirmations, and this is one of them and we do still have that gap right.

So if you see a crossover from the vomit back under the 200 ema, that's that's a different point in which you may want to be more concerned. But you know we're not looking that bad on azrx at this given moment, um exit points on the stock. If you do have a position currently um, you know you're, probably looking if you can get up like i said with uh with check. You know: 10.

20. 30. 40, if you are playing this as a swing trade, that is a very solid day, i would not be upset with that whatsoever. But if you want to, you know, take half of your profits at a buck 10 if it does retest those levels.

That's awesome! If uh and if you want to let it ride and see if we retest the buck 45, that's cool, but i just suggest you guys. You know as much as i can to nickel and dime every single play that we present to you these uh these. These swinger day trading opportunities, because that adds up over time right we're not going to hit a 300 margin. Every single play like we did with jagx, and it's unrealistic to expect that.

But we can, you know, hit these plays with these awesome technical setups, and if the potential is there, it may happen, but if it doesn't happen and all they run up is 10 20 30. We can't be bothered. We just have to take what it gives us right. So that's how azrx is looking at this given moment.

Um, i'm very happy that i brought this play to you guys. I know some people out there. You know could have made money on this and i hope that you all did acst our final play. This is looking actually the best at this given moment: um, you know for the day's action and we gapped up and held on that vomit over the 200 ema right, so we're looking extremely extremely bullish here.

This has the best um current technical setup right um. This is probably the second best technical setup on sunday. When i presented this to you guys. You know i preferred azrx over acst, but at this given moment the charts are looking the nicest on this and you know in the after hours right now we are currently um down a little bit to 68 cents but, as i said with azrx this uh, this Presentation with the hc wainwright conference is a four-day conference, so this could influence the stock price for quite some time and i would anticipate to see you know some price action and some more volume and volatility with this stock.

You know the rsi indicator. If we take a look, we did push over 70. The correction came back to about neutral, which is uh pretty typical for this stock. You know when it has shot up in the past.

We haven't seen insane corrections, you know the low being, maybe 35 35 um. So i wouldn't expect to see a harsh pullback on the stock just historically speaking. Of course, it may end up happening right. I can't predict the future now with with complete certainty, but just based on the trends and the patterns that we've seen in the past um.

The correction should not be anything super significant, you know, you know 56 cents back down to 42 cents and then it continued to run up right. This has trended up pretty high over the last. You know a month or so, and i would expect to see a continuous push in bullish territory if you are swing trading. This um, however, do your own due diligence make your own financial decisions.

I am not currently in the stock, as i disclosed earlier, i'm just presenting you guys with the opportunities that i see best fit right, so we do have uh. You know from the high point here and the low point here, a compressing of of price action, and you could call this a bullish flag. Actually, if we do want to draw up a pole from this run up in the pre-market. This is a very nice looking bullish, flag movement um, so that is something to keep in the back of your mind, that is a bullish indicator right.

This tightening of price action um on the stock so be watching for a break over this trend line, which would be right around 70 cents, either in the after hours or the pre-market or the regular trading hours. And if you do, i would expect a pretty heavy amount of buying pressure moving forward. You know we do have this gap up between the 200 ema and the vama. We do have the volume it's all there.

The the rsi indicator is not looking bad whatsoever. We're not an oversold territory and even if we were that'd, be maybe an entry point right, that's uh! That's not the end of the world. I'd be watching for a test over this 84 cent range. If we can retest that and break through it um, you know, the dollar is probably the next most reasonable line.

Traders try to keep things as simple as they can. We all think the same. We want to make things easy round numbers a buck, a buck 25. A buck 50..

Those are gon na, be the next levels of resistance. If we break over this 84 cent mark and uh, if you are in this stock currently - and you know - and you're up 10 20 30 percent, maybe lock in profits on half let the other half ride or if you feel good about the movement on the stock, You feel good about. You know how bullish it's looking the current action that we're seeing you know, let it you can let the whole thing ride right, but i don't have a position on acsc. I thought that zome had the best technical setup on the day and if we look at zone you know i do have a video that is out on this right now and talking about it, and this is the stock that i decided to get into.

I will completely disclose i'm in zone with uh cent dollar cost average. Four thousand four hundred fifty shares currently up six hundred fifty five dollars: eighteen percent uh in the after hours right now we're trading at about 86 cents. So down a little bit from where we were at 93 cents, but still sitting very nice, and i thought that this had the best technical setup, this does look extremely bullish. Still, i think that uh acst is the next best looking setup right, we've got the volume.

It's there very unusual trading volume. It did stay completely centered with yesterday's price action, so that looks absolutely filthy. It's it's gapped up a lot from the 200 ema that looks absolutely phenomenal. So just in case you didn't catch my zone, video.

I will just give you a brief rundown on how it's looking right now it held up extremely well and what i like about zone the most is. The corrections from these run-ups are not harsh at all, so the risk doesn't seem to be super high right. There is still risk with every penny stock, especially since this one's under a dollar right five cents for a penny stock under a dollar is a pretty decent chunk. So you know the risk is with how the price valuation is on this company, but as a swing trade, you know it's looking pretty decent as a midterm.

Hold it's looking, even even better. You know. Personally, i don't know if i'm gon na mid-term hold. This it'll depend on the price action i see over the next couple days.

You know how i think it holds up if it re-tests that dollar mark, but uh the zone looks very solid and so does acst. So at this given moment, i think acsc has the best technical setup um. It does have that that news catalyst. You know the conference, so we do have some push there.

If that continues to go well, i would say that azrx has the next best setup uh. You know we are pretty red on the actual hours trading up 12 percent acst on the day was up 22 check. Has you know the negative 1.2? So i would call this one. The loser out of the four that i that i presented to you guys um, but as a swing trade, if you are still holding your position, there is still upside here right being down a percent on a swing.

Trade is not that big of a deal, especially since there was no extreme volatility, no extreme movement. You know it looks to me like we're still loading the spring here, so that is the update on the four penny plays that i presented to you guys. I'd say that i hit it pretty well on three out of four um check may be the one that uh that i was wrong on. So we're seven for eight so far and everything i presented to you guys um, but you know we may see how this plays out.

Still it could. It could uh load up. We are still loading the spring by the look on the technical analysis side of things. You know we are still compressing that that price action, even if we are down a percent on the day - that's not that's nothing, bad whatsoever, you're, not losing anything.

If we see any sort of bump in volume on check you're going to see a pretty massive run up, i think so that is what i have for the update on the penny place for the week. If you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing. If you like, to see more content like this, i will be giving a weekly penny play. Playlist the triple p baby.

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I hope you enjoyed it and i will see you all next time. My friends, peace.