What is up, everybody welcome to trace 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 like the purpose by saying that i am not financial advisor nor expert. I am just a man i'm doing on youtube, 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 really hard and invest my money and I'm happy to say that i am not financially free guy and furthermore, just to uh just to validate the uh, the commenter that said that i'm probably broke.

I'm not broke whatsoever, i'm doing pretty well for myself, i'm an active duty officer in the army. I've got a pretty decent amount of cash for being 23 years old, and i could not be happier so. Lastly, if you would not mind dropping a 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 daily multiple times a day. So today we're going to be doing a follow-up on ticker symbol, j-a-g-x, jaguar health incorporated.

I put out a video on this yesterday and i said guys uh. We saw an abnormal spike in volume right here and, if you've been along with me for the ride for a little while now, you know that uh that i paid very close attention to volume and unusual volume trends, and i said, hey guys, this stock is gon Na pop off tomorrow, i see it going over a dollar pretty easily and uh. If you were able to get in at any point today between 80 cents and a dollar, you are up in the after hours right now, more than 100 freaking percent. That is some filthy returns.

I hope that you guys were able to get in on this. I hope that you were able to take advantage of the of the video and make some quick margin. That is an absolutely filthy return and honestly, it may be going further. So, just briefly we're going to touch on something that i looked up real, quick.

I wanted to show you guys the overall um price target given by an analyst on jagx, and it is five dollars now take in mind. This is just one analyst, so that is one person make sure you keep that in the back of your mind, but uh. There are a couple of things to keep in mind here, so the points below can provide you with additional insight regarding what the price targeting recommendations metrics and the table above mean for investors. Jagex has a greater number of analysts covering the stock to practically none of all u.s stocks, jaguar, health's variance and analyst estimates is lower than almost 100 of all u.s stocks.

They have a huge upside potential of 95.76 percent, um, etc. I will leave a link to this in the description box down below and i also have a reddit article right here that i will leave in the description box. It is very long, but this is a due diligence article. So if you'd like to read up on jagex and what you're getting your money into, that does seem like a very solid investment now uh.

One thing that i do want to show you guys i googled jagex news right and uh. You can't find anything and you might be thinking to yourself well, why are you telling us this and that's my point exactly this stock is shooting up for almost no reason whatsoever, and i don't think that's by coincidence. I can see this being for two main reasons. One this is a pump and dump that is possible.

That has happened in the past or two there's something going on guys and i think more likely there is something going on guys. I was made aware by subscriber mike sanchez of something so listen to this tuesday is their webinar. Normally around 11 11 a.m est, and there will likely be an announcement. We are expecting, you know a pullback after, but it is off to the races.

This is the big thing if this back merger is official of 25 to 50 million euro investment and the eu presence uh could shoot this up to two dollars or more well. You can see we have not even had a possible spec merger announced yet, but i am assuming and anticipating that. That is why this stock is shooting up so much guys. I do think there is a potential that we see jag x, merging with another company.

I've read a couple of uh different reddit links of people discussing it. They are just rumors, so uh there's risk involved right, nothing's guaranteed in the market, but i think a lot of people are anticipating that and uh. You can see a huge amount of volume here. More interest than usual on jag, x and uh.

That is going to change the way that i play this stock. So i will show you my personal position in the stock. I do have a position in jag x at one dollar and 13 cents, and i do have 900 shares, so i unfortunately didn't have a lot of extra dry powder hanging around. I had most of my uh, my my money in bio.

Nano bn go, but i did cash out of that at five dollars and ninety cents made a quick 150 profit in a couple days, and i did establish a position in this at a dollar thirteen. Now that is higher than i gave for you guys for a uh, an entry point. However, i was really liking what i was seeing on the technical charts here, and i do think that is going to continue to run up. You can see that in the after hours it is looking like we are going to see a gap up from the close at one dollar and 78 cents.

We have already risen 118 margin today, so guys, if you got in at 80 cents, you are doing so freaking. Well, that is filthy margins, and i am so pumped that you guys were able to make some quick cash if you got in on this investment. So, pat yourselves on the back, i'm glad that you get to buy yourself a nice pancake dinner, but let's get into some levels that we need to watch for here. So this is uncharted territory right.

This is very hard to look at from a macroscopic point of view. What i will say is we do have a a support level right here at a prior resistance of a dollar 29 to 1.30, and we have tested that you know if we do zoom in right here on the six-month chart, you can see that we we tested A dollar 29 it was rejected and we saw some pretty immediate uh growth up towards two dollars, which is where we're flirting at right now is above this two dollar range. I do anticipate if, in the after hours, we continue to see a run-up, you know if we can break past two dollars. I would not be surprised with two dollars and 20 cents.

230. 240. 250.. If you wake up in the morning tomorrow and regular market hours, this stock is trading for 2.40 cents or 50 cents.

I would not be surprised whatsoever now the volume moving average. I do have the volume weighted moving average here. It is a little bit different than the volume moving average if we pull up the vma. The difference is that uh, this right here takes into consideration the amount of volume that is being traded on the stock, so um with that taken into consideration.

We are still extremely bullish and i think we are going to continue this trend right, nothing's guaranteed in the market. However, i do think this is worth holding on to more as a swing trade rather than a day trade, just based on the possibility of a spec merger deal that is announced tomorrow. Now you are going to want to pay very close attention to whether or not that is announced, because if it is not announced, i anticipate that we will see a pretty hard harsh sell-off on the stock and, if that is at 11 a.m, est that would be Uh 10 o'clock central time, which is where i am in minnesota, so do be watching for that. I am definitely going to be watching for that and if you do see news come out, i anticipate that we're going to continue to run up or continue to have this extremely bullish, run and uh.

This this stock could honestly push three four, maybe even five dollars like that analyst uh had mentioned. So i think this chart is gon na, be more useful for you guys, the one day one minute chart, so we are going to drop levels of support. We do have a pretty solid support right here at dollar, 63 and then again at about 1.70 right. So we've got one two different touch points here.

We had a false breakout, came back down, pushed through, came back down and right now we're trading just around two dollars um. So these are pretty solid support levels. Uh we've got another support level sitting right here at right about a dollar 58, so there's a pretty decent amount of price action and honestly, i'm very satisfied with the way that this stock moved. Today there was not a lot of uh.

You know the the resistance levels got pushed through pretty easily right. Usually, you see, you know one resistance level push through and then some consolidation for a couple of hours, but this honestly just saw a really solid overall trend line of growth like if you look here uh at this right here, you're probably looking right around there at The end of the day, but we did not push that at all. We are very highly above we shouldn't. Honestly, i'm surprised i i thought.

Maybe we would touch the the highs that we saw previously at a dollar thirty. I did not anticipate we'd break two dollars, but that's not something i mind being wrong about. I'm just glad you guys made a lot of money if you're in on this stock, so i do think this is worth holding as i had mentioned before. So if you do have a position in the stock, i would personally hold it.

I am going to hold it. You know i am up uh, you know considering the after hours and the regular trading hours right around 70 and i do think there's going to be more some more upside. So if you are looking to sell, if you're nervous that the stock is going to tank, i would recommend setting a trailing stop loss. Now i have been asked by a couple of people.

What a trailing stop loss is and essentially a trailing stop. Loss is a way that you can sell your stock based on uh dropping a percentage from a certain price so sitting at two dollars right now, if i set a trailing stop loss of uh, you know 10. That would be 20 cents right. So if it went from two dollars to a buck 80, it would sell me out of my stock and then i would just take profits and let that be the end of it.

However, you're going to want to decide for yourself how low you want to set this trailing stop loss just because this stock is so volatile right i mean if we look here at 1.63, we came down here to a dollar 27, or so you probably would have Got sold out of your position at that point right. So, with penny stocks, i think personally, it's more worthwhile to have a higher trailing stop loss. You know maybe 15 to 20, especially if you are already up you know if you got in at 80 cents over 100 right now, nearing 200 percent. If we can reach, you know: uh 2.40, by the end of the after hours.

So i would consider that as a potential to secure your profits, if you are worried about the stock tanking tomorrow in the trading hours, so i just wanted to give an update on jag x. I hope that you guys are able to make a lot of money off of that, and i didn't do this by myself, guys uh, if it weren't for the community that we're building out here. You guys give me stock recommendations all the time stocks that i did not have on my radar whatsoever, and all that i do is look at the technicals right. If i didn't know the stock existed, um there's no way that we could have made this happen.

So i'm so grateful for the community out here. If you guys have stocks that you want me to check out, i do a daily subscriber requested stock every single day, and it's a great way for us to look at a different potential for an easy money play as chris sane would call it or a good Mid mid to long term investment, of course, i will tell you what i think of the stock and we can make a move from there, so that is the the update on jaguar health. I am going to play this out as a swing trade. I mean at one dollar and 13 cents and i'm going to ride it.

I'm going to set my trailing stop loss to 20, as i am up 70 right now that way. If there is a little bit of a selloff in the morning, i can continue to ride the train if there is going to be more upward pressure. So thank you for coming the video. If you liked it, please drop a like.

It really does help support the channel and consider subscribing if you'd like to see more content like this, i will try to get out at least one or two quick swing or day trade um options for you guys. You know not actual options but like opportunities. I do try to do at least one or two a week: just have some fun in the market and uh and make some quick cash. Lastly, i do have an affiliate link in the description box down below for tubebuddy.

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It helps you optimize your thumbnail, your title, your tags. It helps your videos rank well in the youtube algorithm that way, people can see what you're posting and it has helped me immensely. So if you do click on the link and sign up, i do receive a commission, so it's a great way to support the channel and, if you're not interested at all, that's totally fine. I'm just glad to have you here as a part of the community and a part of the crew.

So that's what i have for the video today, my friends. Thank you guys for coming and i'll see you all next time. Peace.