What is up, everybody welcome to trader's trades, where 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'd like to purpose by saying that i am not a financial advisor nor expert. I am just some random do on youtube, 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 and some 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 now financially free, but i'm doing pretty well for myself at the age of 23.

So if i can pass along out of the information resources or tools to you guys and make your lives a little bit better off than you were before, that's all i can ask for. Lastly, if you wouldn't mind drop a like on the video 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, multiple times a day. Now i want to give a quick shout out to the members over at the patreon. You know: we've got raphshan albert flacco, esky, kenny dean, brian jagger zay brian simon zack, mike francis brandon.

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So we're going to be giving an update on ticker symbol, j-a-g-x jaguar health incorporated. This is currently my favorite penny stock to be in right. Now i really like bio-nano genomics bngo as well, but uh. There is some news that is coming up on jagx that i am very excited for, and i think is going to drive some anticipation, some volume and some overall higher price valuations on the stock.

So we're gon na give an update on what that's gon na look like we're. Gon na talk about the price action, the volume trends, the bullish and bearish movements and trends, uh buying pressure, selling pressure, the volume weighted moving average, the rsi indicator - we've got the one month chart pulled up as well as the one day one minute chart and we're Just going to give you guys a quick update on what jag x is looking like, so if you're new to the channel, if you have not kept up with the series jaguar health, is a commercial stage pharmaceuticals company which engages in the development of gastrointestinal products, its Products include canelovia, equivalent and neo-norm. It operates through the human health and animal health segments, the human health segment manufactures human products and the ongoing advertising of my testy, which is used for the symptomatic relief of non-infectious diarrhea in adults with hiv and aids on anti-retroviral therapy. The animal health segment commercializes, prescription and non-prescription products for companion and production animals so they're doing pretty well right now, guys uh.

They just recently had some pretty positive results with my tessie. You know one of their one of their drugs. They had uh very solid results on that and they are expected - and this is why the stock has shot up so much in the past to have a merger announcement. We were supposed to hear about it either yesterday or today.

However, that webinar did get moved to monday. We did confirm that in the video yesterday, so i anticipate that this stock is going to see maybe a little bit of consolidation over the next couple of days. You know i might run up a little bit. It might drop a little bit, but i do think we're going to see a very solid friday and monday on the stock in anticipation for that webinar and announcement of the merger deal.

So i do have a position in jag x. I will show you guys just to be transparent. I am currently in jagex and ocgn. Is my current uh.

My current penny stock plays. You know i'm in those four uh, you know a swing deal i would argue, and i am in jagex at a dollar cost average of 113.. I did tell you guys to get into this stock at 80 cents uh in one of my previous videos, and if you did pat yourself on the back, those are some filthy margins. I've seen some people commenting on my videos saying dude, i'm up, you know five thousand ten thousand forty thousand fifty thousand dollars, so some people made a really good killing and that is freaking awesome.

That's why i love what we're doing over here at trace trades. We all work together to to make some pretty solid profits on these stocks, and it is absolutely incredible, so i am currently up 72 on the stock 738 dollars. At one point i was up about 140 50 when we were touching three dollars, but that's okay, because i do think it'd be very easy to push through that three dollar mark once we do hear more about that merger on monday, so i will be holding this As a swing trade until at least then um, you guys do your own deal due diligence. That is how i'm going to play it, and i know there are a couple other people out there playing it that way.

So it is completely up to you, but we do have established some levels of support and resistance, so we have a dollar 29 on the one month chart as a very solid level of support, and i will label another level of support right here at a dollar. Sixty one, so if you do see a pullback on this stock, if we re-test the dollar 61 and you're looking to get into this stock, a potential entry point is anywhere between 1.29 and 1.61. If we do fall back that much, we do have some resistance levels in the near side. Looking dollars at twelve cents, followed by, i would say two dollars and forty eight cents, fifty cents we'll call it 250 and then 299 is the overarching theme, the one that we're going to want to push through by monday of next week.

So this stock is looking very solid, i'm very happy with how it's been holding up. You know we have seen a little bit of a little bit of selloff a little bit of consolidation, but if we can hang between a buck 61 and 212 up until monday, i think that is a very solid win on the stock. Of course, if you did get out you locked in profits, that's totally awesome, but there is some extra opportunity here to make more money if you are interested in doing so. You know if we do push up over three dollars and you get in anywhere between 1.29 and a buck 60, you could have a 100 margin of return.

Once again, you could double up on this stock and uh double dip, make some absolutely filthy returns, and that would be absolute money guys uh. This is this is incredible. These kinds of opportunities do not present themselves very often and right now the pharmaceutical sector is hot. It is killing right now and i'm loving what is happening with jagx.

I do think it's going to be very solid play, so looking pretty good, these are the levels you're going to watch for for a potential entry. If you're looking at a day trade on this, instead of a swing trade, you know if you can get it at a buck 61 and you see 212 250 you're looking at you know, anywhere between 20 to 50 margin of return on your investment. That's very solid and that's a that'd be a win in my book. You know we're just trying to stack along those uh those chunks of change and build out our portfolios day by day.

So, if you're looking for a quick bang, that's uh. That's the way to uh to to rack it. In my opinion, the rsi indicator. We are currently approaching 50..

It's looking pretty decent. You know we were overbought. Anything over 70 is overbought. Anything over 30 is oversold, so we were overbought for a while and honestly, the the correction was not very harsh.

Usually when you see overbought territory. This severe, you do see a correction down into the 30 range, and we see this spike right here, guys right. This trend is something worth noting in my mind, and this is how i this got on my radar, as we saw this initial bump in volume and then a huge spike afterwards, the same thing is happening right now we saw a little bump in volume, bigger spike. Another bigger spike a little bit of selloff right, but we're gon na be looking today to see if we have that same uh that same amount of volume right, because volume drives volatility and volatility drives higher price valuations.

So if we do hold on to this volume, i do expect to see some pretty rapid price movement, either in the upward or downward direction. We'll have a better idea of uh buying and selling pressure. You know after the pre market, but just looking at this right now. This is the pre-market.

We saw a pretty harsh sell-off, followed by a nice bounce and we have currently been on an upward trajectory since i do believe we are right around where we opened we're at a dollar 94 right now and we opened right around 1.98. So we are down a little bit, but it's been a very nice bounce, we're seeing you know we pushed through one of our previous resistance levels. This was a previous acting level of uh support. Now it is resistance we are holding above that very nicely.

It is looking pretty solid. The volume weighted moving average is a little bit different than the vma. This does take into consideration overall volume that is pumping into a stock. So right now we are in bearish territory.

As of yesterday, we did see that pretty harsh sell-off like i was saying um. So it's keep that in the back of your mind, you know if you are looking at this as a day trade, it may be worth. You know, you know, locking in your profits. If you bought in yesterday uh, of course, i guess that would be considered a swing trade, but if you're looking at getting into this today, you know i'll watch to see how much selling pressure there is.

You know i do anticipate that there could be a little bit of selling pressure. It could play out a couple different ways right if we bounce off this dollar 61 and we and we come back up to 212 - that's a pretty solid day trade. If you're looking to swing it that way, um commit to long-term investment. Of course that's why i have the one-month chart pulled up.

You know, 1.61 to a dollar. 29 is very solid entry points. So, let's look at the uh the two-day chart on this real, quick and just look at some levels, so in the after hours we did touch. You know down here at a dollar sixty, so we are going to call that a new level of support, um we're.

Looking at 1.75 is the level of support we do have a dollar eighty. This is very strong. We have one two uh, three four different touch points. This has held up pretty well, we have been trading pretty strongly between a buck eighty and a buck.

Ninety two in the after hours and now the pre market, so that's looking pretty decent, i'm liking the price action there. If you're looking at getting into this trade, as i mentioned earlier, you know a dollar 61 to a dollar 80 you're, looking pretty good, but even better is if we do drop down to a dollar 29, which you can see on the one month chart here. So if you did make money on this, i do think there is potential for some more returns, some more margin, some more absolute filth. So i would watch for these numbers as a potential re-entry point.

If you have already sold out of your position, if you are still holding your position and you're looking at swing trading this you know, you can definitely still do that. It is looking very promising. You know if, honestly, if i see this stock pump up to anywhere above 228 to 264, i might sell out of my position and then when it drops back down re-enter so that uh, so that i can reap some more benefits for the uh. The merger uh speculation that is expected on monday, so i'm very excited for jagx and jaguar health.

I do think this is gon na be pretty solid. I do predict that we're gon na push over that three dollar mark on monday, and if that merger is announced, i can easily see us pushing to four five, possibly even six dollars, guys mergers are big deal so the way this could play out is they announce The merger right, you see an initial spike, we're gon na see a huge pump into the stock volume is gon na, go absolutely insane and you're gon na lock in your profits. You're gon na be very happy walking away with 100 200 300 margin of return, and then i anticipate that the stock will drop and then once a merger date is announced, we are going to come back to this play guys. I plan on getting back into this when there's a merger date announced because if you can think of lca, which is now gnog, ticker, symbol, gnog or apxt, you know these.

These merger or spac acquisition these. These spec plays right. They usually have a pretty solid, slow and steady run up up until the merger date and i plan on getting into the stock once i do know a merger date if this does come to fruition. So there is a lot of opportunity here with jagex.

I am loving the stock. I think this is uh. One of the hottest plays right now in the market. This stock uh bngo, you know, ocgn, have all done very well.

They've made people a lot of money and if you were a part of the channel back when i recommended those three stocks - and you got into my entry points, you are up over 100 on your on your on your investment, and that is absolutely phenomenal. Like i said earlier, we've had some subscribers that have said they're up multiples of thousands of dollars and that is so rewarding. I can't even i can't even begin to describe how freaking awesome. That is.

I love what we're doing here at trey's trades. It's a it's! It's it's very cool stuff. So that's what i have for jagex. I hope this was a helpful update for you guys.

I will give another update at the end of the day after we see the regular market price action and let you know what i'm thinking on the stock where we're moving what things are looking like. So that's what i have for the video 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, as i do post videos every day, multiple times a day. And lastly, i do have an affiliate link in the description box down below for tubebuddy.

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That is totally fine. I'm just glad to have you guys here as a part of the community and a part of the crew at trey's trade. So that's what i have for the video today. Thank you for watching my friends and i will see you all next time.

Peace.