What is up, everybody welcome to trading trades. 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 purpose by saying that i'm not a financial advisor nor expert. I am just some guy, oh man, i need a drink, i'm just some guy on youtube, so take what i say with a grain of salt.

The reason that i started this channel is because a couple uh years back, i was about 30 000 deep into pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money In the market - 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. and guys i got my undergraduate in nutrition, so i'm telling you this can be learnable by anybody. If i can pass along any of the information resources or tools that are given to me, make the community a little bit better off than it was before, that's all a guy 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 now quick shout out to the guys over the patreon.

We do have some new members that joined us for 57 strong dave, ricardo, amit, ayodele, jayden, mecca, ridgeway, alec, arthur montana. These guys will all have access to my private discord as well as real-time insight to my personal trading, and i am very grateful for the support. If you're interested in joining there is a link down below to the patreon, which will give you access to all that i said before now today, we're going to be giving an uh a stock analysis on ticker symbol, bft fully transmitting acquisition corporation. This was a stock recommendation by uh subscriber edison aquino, he said trey.

Can you do an analysis on bft? My friend, you are lucky because today is your stock. My friend, let's eat, so we're going to be giving a stock analysis on bft we're going to be taking a look at the overall volume we're seeing we're going to analyze the 200 period ema. The 20 day volume adjusted moving average. The voma i've got the rsi indicator pulled up we'll talk about what these all mean: current uh, bullish and bearish trends.

Then we're going to look at this from a macroscopic and a microscopic point of view in case you're, a mid to long-term investor or a day or swing trader. Personally, i think this is best played as a midterm. Investment as it is a spac deal and we're gon na get into what uh bft is just this you're up to snuff, so bft or fully transmitting acquisition corporation operates as a blank check company. The firm 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, and they are going to be merging with the company pay safe now pay safe is pretty similar to paypal.

They offer online cash. Digital wallets, integrated payments, online payments - they have you know business at scale, a global leader in payments. We serve businesses of all shapes and sizes across 120 markets. I do think they're pretty strong in the gaming industry.

Uh paysafe leads the market in risk and fraud. A specialized approach to every transaction and they've got things like cards to blank to banks, the wallet to online cash, there's a bunch of different resources that they offer and uh. They look pretty solid as a company. So if we pull up, you know pay safe on uh on yahoo or we'll just look up pay, say: financials.

Take a quick look at this okay, so i've got it pulled up and uh. You know i'll read this off right here. This year alone, pay safe, expects to generate revenue of 1.38 billion dollars according to page 28 of its presentation, and i will leave a link to all of these in the description box down below if you'd like to take a closer look at it. But it does seem like it pretty safe investment, and i like this as a spec deal, i don't currently have a position in the stock just to be transparent, so this is a completely unbiased perspective.

Uh, you can take a look right here. I do not have any uh any reason to pump up the stock for for any reason whatsoever, but they they do seem to be promising in the terms of revenue and foley. Acquisition is also backed by a capable team. So this is the most recent news that i found on uh on vft.

This is posted on january 6th. It's been a month since financial services veteran bill, foley announced the combination of you know: bft special purpose acquisition company, the spac with paysafe group holdings, limited a privately held payments platform controlled by private equity long term. If you own vft stock foley's going to deliver it for you, it states uh. You know how much revenue they're expecting um the spec ipo raised 337 dollars in uh 337 million dollars in 2020.

Uh i'll leave a link to this in the description box down below but uh they're they're, backed by a very solid team, and i do think this is gon na - be a very safe stock to get into as a swing trading opportunity. I've got their website pulled up their most. Recent press release was on july 16, 2020. So nothing recent in that sense on on bft, however, you know the big thing that you're going to be looking for here is this merger with pay safe? You know, as i stated paysafe will report 103 billion dollars in transactions in 2021 and it expects to report 1.5 billion in revenues and a gross profit of 963 million in 2021.

So it does seem like a very solidly backed company. Now, if we do take a look at the one month, uh charts look at this from a macroscopic point of view. We've got a pretty solid support level sitting here at 13.82 since followed by. I like this level of support right here.

We have a couple different contact points, previous acting levels of resistance here here here here now, acting as a level of support so you're seeing a solid upward trend in the stock. You can see that uh, you know a month ago we were at 10.66 currently trading at 14.94, so that's very solid margin of return so far and they are expected to announce their overall merger date um sometime in the middle of 2021. The transaction is estimated to close by the first half of 2021, so um, you know we're expecting this sometime in the next. You know three four five six months to finish as with most spac deals, you're probably holding this as a midterm investment as usually a pullback follows when the merger date does come and the companies do merge right.

So personally, i would recommend this as a midterm investment. I'm currently looking pretty solidly bullish at a macroscopic view. We are beginning a upward trend right here, and there is one thing that i really like, and this is something i pay very close attention to, and that is a crossover on the 20 day volume adjusted moving average over the 200 ema, the 200 dma. Is this dark blue line right here? The light blue line is the 20 uh period vomit and the vomit is a volume adjusted moving average.

So it takes into consideration the overall volume that you're seeing get pumped into a stock and creates a 20-day trend line of 1478 based off of that and the 200 ema. The exponential moving average is an overall trend line valuation based on a 200-day moving period. Uh average price on the stock and anytime that you see this crossover right on the vama, and it goes over this, this 200 ema, that is a bullish indicator and that's usually a sign that a bullish, uh reversal is incoming and if we do zoom in on The stock right now there is still a gap between the 200 ema and the 20 period vomit and the larger this gap becomes the more bullish, the more control the bulls hold over. You know the bears in this stock, and i do see this.

You know, following a pretty solid upward trajectory um we if we draw out a trend line right here, we do have an ascending wedge forming and what this basically is is is a tightening of price action, and if we draw a trend line here, they probably make More sense to draw from here, let me just let me just start over there. If we draw a trend line from here, you can see that this price action is in fact tightening and if we break through either of these trend lines, i would expect to expect to see a pretty harsh movement either in the upward or the downward direction. Typically, with an ascending wedge, there's more pressure from buyers to push the price up, so i would be watching to see that we break through this trend line in the next couple of days. So if we do extend this, as so extend this as so you're seeing that we're probably looking at another day or two before we cross this trend line, we're either going to see the the price action continue to compress more buying pressure, more tight squeeze on the Price action or we're going to have some pretty harsh moves, and this is a very bullish indicator to me.

We've got two solid bullish, confirmations coming from bft right now, so i would expect that we see some bullish movement on the stock. Before we see some bearish movement, we do have a solid four day run coming and if we can break through this, i think that's going to be a huge momentum shift to see some movement like this that we have in the past. I do think that's going to bring in some other buyers. I think you're going to see an increase in volume if we do push through that.

As i, i anticipate that there are buyers waiting to see this exact confirmation that i pointed out on the charts and once that does happen, we're probably going to see a little bump in volume. Maybe two times three times as much like we see here the rsi indicator. We are currently trading a little bit above neutral. If we do look in the past anytime, that we have approached over 70, which is overbought 30 is uh oversold.

Typically, the corrections do approach. The mid 30s to uh to low 40s, so not too harsh of a correction. You know here we did have a pretty steep correction. We did approach that oversold territory and rebounded very nicely to the neutral area.

So we are currently trading pretty neutral on the rsi. No crazy price action, no crazy volume, nothing standing out to me. That's saying this is going to absolutely go insane over the next week or so, but it is approaching you know a bullish reversal. I could see the beginning stages of a bullish reversal here.

If we do pull up the ngo right now and we look at right before this stock went off, let's take a look at this time period right here. This was about. This is the first time that the vomit crossed over the 200 ema. That was one two.

Three four: five days before the stock popped off right and if we look here at uh bft, we have that same crossover right here, not a large cap. It's a small crossover on the voma and the 200 ema and we're looking at one two, three four. Maybe five days and if we continue to see that ascending wedge pressure, the buying pressure, i could see this starting to pop off in maybe four or five days. Of course, i'm not a wizard.

I can't predict the future, but based on trends that we've seen in the market and based on what i know about the given indicators and technical analysis patterns on the chart. It does seem that there is pressure pointing towards an upward movement in the near future. So, if you're looking to get into this stock, you know this this current ascending wedge. I doubt we're going to drop below and if we do, it's probably going to be closer to this 1382 mark.

So if you do see a dip below this ascending wedge, you know i'm i'm thinking we'll probably see 13.82, which would be a great entry point, otherwise i think you're probably going to have to get in somewhere. You know in this this high 14s range, but i don't think that's the end of the world right. I can see this company, i mean, if they're, generating 1.5 billion dollars of revenue in 2021. I do think, that's a that's a very solid number and this could be a 25 30 30 stock just based off of that alone.

So i do think you're going to see a pretty solid return on your investment with a spat company. If you do hold it for the midterm, and even if we do dip below at 14.78, if we do that's an opportunity to dollar cost average down, however, it is pointing to an upwards movement in the near future, so that seems like the best bet. As far as the swing trading opportunities go, i think there are better stocks in the market to do with, but i will mark levels of support and resistance just to watch for in case you are interested in getting into bft as a data swing trade currently looking At 1466, 1476 and then a previous level of resistance now is an acting level of support at 14.91 and then we're looking at resistance right around here at uh, at about 15 dollars and five cents, followed by another level of resistance at uh 1510. And then, if we look at the one month chart, you know we're looking at resistance right on here at 1539, followed by uh.

I would argue right around here at 16 28. A couple different touch points there. Then the overarching high is sitting right around here at 17 and 20 cents, so you're gon na be looking to push past 1510 up to 1539 as a next level of resistance. If you're looking for a long day or swing trading opportunity, the momentum is currently shifting to bullish.

The last four days have been upward momentum. So keep that in mind with your investing decisions, you would be trading against the grain if you do decide to short this stock. If you are going to short it i'd, look for something similar like this. You know maybe at market open, you see some pretty harsh sell-offs you ride once you see some price rejection at a level of resistance, write it back down.

You know to a prior level of support and then exit your trade you're done in about 10 or 15 minutes, and you made a quick profit right um, so that's kind of what we're looking at on the one day, one minute chart um yeah. This is this. Is kind of what i'm seeing on bft right now. You know it does seem like a solid company, there's no crazy indicators that are pointing towards an extreme pop off in the future.

But there is a very solid, a couple of confirmations of future bullish movements and i would expect to retest some of these levels of resistance in some of these previous highs in the future, just based on what i'm seeing on the charts. So that is what i have for the video today, my friends uh. Thank you again to subscriber to do subscriber edison aquino. I really appreciate the recommendation.

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So that is what i have for the video today uh. Thank you for watching my friends and i will see you all next time. Peace.