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Hot Penny Stock Play: ACST (Acasti Pharma Inc.) engages in the development and commercialization of pharamaceutical applications of its licensed rights for cardiovascular diseases. It focuses on the research of prescription drugs using omega-3, fatty acids derived from krill oil. In this Hot Penny Stock Play video, we discuss a macroscopic and microscopic overview of the company. We also establish levels of support and resistance for both investors and traders, analyze the 200 EMA (Exponential Moving average), 20 VAMA (Volume-Adjusted Moving Average), RSI (Relative Strength Index), bullish and bearish trends, technical analysis chart patterns, and potential entry and exit points for traders and investors.
ACST Fundamentals: https://www.marketwatch.com/investing/stock/acst?mod=over_search
ACST StockTwits: https://stocktwits.com/symbol/ACST
ACST News Article: https://www.modernreaders.com/news/2021/01/09/zacks-analysts-expect-acasti-pharma-inc-nasdaqacst-to-post-0-07-earnings-per-share.html
2 Free Stocks With $100 Deposit on Webull: https://act.webull.com/ve/L4WlkRlNSpq9/vvk/inviteUs/
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Patreon: https://www.patreon.com/TreysTrades
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My StockTwits Page: https://stocktwits.com/TreysTrades
IG: https://www.instagram.com/trey_collins_001/

What is up everybody? I hope you guys all enjoyed the week. I had a good time hung out with one of my friends. Uh drank a little bit of whiskey and uh had a good time relaxing getting ready for the next week in the market. So uh with that being said, welcome to trey's trays, 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 premise by saying that i am 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 i am now financially free, so if i can pass along any of the information resources or tools to you, guys make the community a little bit better off than it was before uh, that's all i can ask for. Lastly, if you not mind drop a like on the video, it 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 and i am going to be starting. A weekly penny play playlist on the uh on the channel.

Man say that three times fast penny play playlist uh yeah, we're gon na be giving different penny stocks that i'm gon na be getting into and i'll give you a couple different options today. We're gon na be covering about three or four just so you can. You know, weigh your decisions and decide what works best with your current portfolio, but before we get into the video, i just like to give a quick shout out to the guys over the patreon. We are 94 members strong.

We are dying, uh tarek, angie, jeff, ian tan jail, makisu, desmond kd. Sorry, if i said anybody's name wrong, i really do appreciate your support and they will have access to the private discord as well as real-time insight to my personal trading and guys. I actually got this play from the discord. It was brought to my attention by a couple different uh patrons, so it is a great resource uh if you are looking for different plays.

So with that being said today, we're gon na be looking at ticker symbol, ac, st acosta, pharma, incorporated and uh. This has a really nice technical setup. I actually like this a lot. This is, you know it has run up a little bit, but if we look at the last month here, we do have a very solid upward trend.

So if you bought in a month ago and wrote it out until now bought it a month ago, at about 29 cents, you'd be up over 100 currently on the stock, and that is absolutely filthy. That's beautiful! We do love to see that, and there are a couple different things we're going to talk about today, we're going to look at the technicals here. The overall volume trend uh the 200 ema, which is the exponential moving average and overall average valuation uh trend line based on a 200-day moving period. The 20-day vomit the volume adjusted moving average, which is a average valuation trend line based on the current volume.

Coming into a stock, the rsi indicator. What this all means anything over 70 is overbought. Anything under 30 is oversold and then we're going to talk about some different uh technical patterns that we're seeing on the stock right now, potential entry and exit points, uh current support and resistance levels, and then we will look at this on a one day. One minute chart as well so with that being said, let's just give you a quick rundown on what the company is.

Acosti pharma, engages in development and commercialization of pharmaceutical applications of its licensed rights for cardiovascular diseases. It focuses on the research of prescription drugs using omega-3 fatty acids derived from krill oil. The company was founded by henry harland on february 1st 2002 and is headquartered in canada really close to the homeland, i'm from minnesota guys. I don't know if you can tell listen to my accent, but some people say they can 20 000 people currently on stock.

So it's falling message. Volume is up a little bit so compared to our other play that i just presented to you uh azrx. This does have a little more traction, but the hype still quite has not hit this stock yet, and there is a really solid news - catalyst that i did find and i'm really enjoying that, because this should shoot up the stock price pretty decently. On monday, open, as this was posted on january 9th of 2021, so that would have been yesterday on saturday and let's just read this real quick analysts expect acosta pharma incorporated to post a seven cent earnings per share.

Now this is a penny stock that doesn't sound like a lot, but that is a big deal. That is a news catalyst to keep in the back of your mind and uh. It should shoot up the stock price so uh. The firm is scheduled to issue its next earnings report on friday february 12th.

So in the future you know come february. We will probably return to this stock, but in the short term you know as a swing trading opportunity. This news catalyst could act very well for the stock and present pretty solid growth opportunities in the future. So this is a stock that i will be keeping on my watch list.

We are going to be covering you know, two more videos today and i'll talk about those in more detail, but acst and azrx are both plays that i'm going to be watching the price action on and i'm going to try and find the best possible entry point Out of the four stocks i will have the charts pulled up in the morning. I will be selling out of both pte and jagx, which are our current um plays, and i will give an update on these videos or on these stocks uh tomorrow. So do be. Watching for that, but i am currently in pte at a dollar cost average of 103 3 100 shares currently sitting up about 28 and i do have a price target on that up around 1.75 to 2.

That would not surprise me. I'm really extremely low balling. This guys i've seen some numbers out there that reach that three dollar range and that would be absolutely filthy, you're, looking at a 200 margin of return there and then jagex. We are up 253 and i have a price target on that of six to seven dollars.

Currently, sitting at a dollar thirteen dollar cost average up about 253, 2500 and uh, i will be selling out of both of these positions on monday to get into these next penny plays that we're going to be looking at for uh future swing, trading opportunities and acst Is definitely a great one, so we do have a crossover about uh six days ago on the volume adjusted moving average over the 200 period. Ema, the - and that is a huge bullish sign. So we do have a pretty solid gap between these uh. Two valuation trend lines right now, the vomit and the ema, and that is extremely nice to see.

The only thing that i don't particularly like is that we are about six days out from this uh initial run up, so the risk is a little bit higher as we are buying. You know at a one month high, if you do get into this point, but um the the trend here and the pattern that i'm seeing this bullish flag right. If we do zoom in, we do have the flagpole right here, a nice solid, run up and then a tightening of price action, condensing into a nice zone here, and that is a beautiful, almost picture. Picture-Perfect bullish flag, which is a huge indicator of buying pressure and a potential for pop-off in the future, and guys this stock is trading at 56 cents.

So if this can reach a dollar or a dollar twenty dollar, thirty you're, looking at a one hundred percent margin return on this, and that looks absolutely filthy. I'm loving that and i really enjoy seeing this. This is a huge indicator to me. If you follow the channel for a while now, you know that i paid very close attention to volume.

That is how i found jagx. That's how i got us into jagex for 80 cents and some guys are up 11 dollars. I mean read about that guys. I love seeing that that's absolutely beautiful filthy margins, but um.

This is a huge indicator and that is how i got us into jagx at 80 cents this and that crossover of the 200 ema and the vamo right, and we have both of those confirmations right now. We have another confirmation of this bullish flag that is forming right now, on the one month chart and uh. We are on a bullish run right, so we were at 28 cents a month ago and we've reached 60 cents. So that's a 100 run up and the trend does look to continue that now one thing to pay attention to is: we have crossed over this uh 70 mark on the relative strength index, which is overbought territory.

Historically speaking, when this stock has been overbought, the corrections are not too harsh. We're looking at. You know: high 30s to low 40s. Typically, you know we do have a couple periods where we do approach that 30 mark.

So the potential for a pullback is there and that's not necessarily a bad thing right. I do have support levels uh. You know labeled here at 50 cents and 36 cents and i think realistically, the best pullback that you're going to see is down to this. There are this 50 cent range right here and, if you catch it, slipping in 50 cents.

That is a great phenomenal entry point for acst to get into as a swing trading opportunity, and you could honestly ride this up. You know i i could see the potential for a dollar, i'm not going to promise you that right, but the potential is there. But if you're up you know, 10 20. 30.

40. 50, take profits and be extremely happy with that, because we're in a business guys we're not gambling right. This is uh. The purpose of these penny plays is to collect change.

You know a penny here, a penny there, a dime here, a dime there and over time, you're going to build your portfolio into something absolutely filthy and uh. We're we're doing that right now with the potential behind acst. So the setup here is absolutely beautiful. We do have a news catalyst, which is another great confirmation.

That's one of the things that i always look for. I look for a beautiful technical setup. I look for a small bump in volume. I look for an upcoming news catalyst and that is the perfect storm to get into a penny stock guys.

So you don't want to just hop into a random penny stock and hope for the best right. That's not the way to do this. We look for exact rules, and that is how that got us in the jagex. That's how i got us into bngo.

That's how i got us into uh into ocg and into pte that, in the help of the the community that we have here right and we have a whole bunch of different eyes and a great perspective, a great overall view of the stock market and working together. We're able to do these awesome things, so the chart setup looks absolutely beautiful. We're gon na change it to the two-day one-minute chart just to level off some current levels of support and resistance to watch for for potential entry points. We are looking at about 50 cents as a potential entry point, followed by another level of support currently sitting at 53 and a half cents just about, and if you catch it anywhere between these two price zones, i think you're going to do very well getting in And riding that out for a pretty solid margin, of course, with that news catalyst that was released on the 9th, i do anticipate that we're going to see an initial run up in the pre-market, so um the opportunity may not present itself, but that's why we give You more than one penny stock opportunity right.

That's why i'm going to give you three or four penny stocks. So you can keep these on your watch list see which one works the best for your current portfolio. You know and your current position your current situation and then based on that you make your own decision, but um the the chart look look in here looks really nice. We do have that bullish flag, current resistance at 60 cents.

I do see us pushing through that on monday. That would not surprise me at all and if we can push through 60 cents, the next mark to me is going to be 75 cents and a nice even round number. All traders are the same. We like to make things as simple as possible, um think about this.

What would you, what would you be looking for in a stock right, you're? Looking for the most simple thing that you can right, you want to make it as simple as you can and uh make the the process as simple as you can, and other traders are doing the exact same thing, so um 75 cents to be the next level. If we can push through that, i would not be surprised at all to see a dollar and, at that point, you're looking at nearly a 100 run-up and personally i'd be very content. Taking that profit, as we are not expecting another news catalyst, you know at least from what i've seen you know. If anybody has anything drop in the comment section down below to help out the community, that'd be fantastic, but from what i've seen.

This is the catalyst and the next one, you know, is the releasing of that earnings statement on february 16th um this year. So you know i'd be very happy taking profits. You know we're. Maybe looking at a one to two to three day run up.

It really does depend on how the market reacts to this, but it is set up beautifully. We have that bump in volume. We have this bullish flag. We have the upcoming news catalyst, we have the crossing of the the vama over the 200 ema and we do even have that.

You know on the uh on the one day chart here. So this is the 200 ema on the one day chart and the vomit did just cross over that. So we do have double confirmation on more than one chart, which is absolutely beautiful. We do love to see that and honestly, i think, we're being the hype here again guys we beat the hype with pce.

We beat the hype with jag x uh we beat the hype with ocgn. We're gon na beat the hype with azrx. If you get into that play - and this is the same situation right here and working together with the community with the guys of the patreon with everybody in the comments section - we're able to find these plays - and it is absolutely beautiful. So i would keep this on your watch list watch for these uh entry points that i was mentioning make sure that you take profits.

If you are in the stock as uh, you don't want to get burned right. The greatest advice that i can give you is to always take a profit if you miss out on extra. That's not the end of the world, because you're gon na kick yourself way harder. If you were up and then you lose money because you didn't take profits than if you were up and you took early and missed out on profits right, so that is what i have for uh acst today.

Thank you to the guys over the patreon for bringing this to my attention. This was not on my uh on my watch list. I was not aware of this company um, so it is. It is great that we have so many eyes looking at different things.

Uh in the market, it's it's absolutely beautiful, we're doing the community here so um. If you enjoyed the video, please drop a like if it 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 and we are going to be doing a weekly penny play um playlist, the ppp, the triple p and uh, it's gon na be a great opportunity. So uh, that's it's.

I highly recommend uh coming along for the journey. Lastly, i do have an affiliate link in the description box down below for tubebuddy and tubebuddy is an seo optimization website that i personally pay a nine dollar per month membership fee for and it's highly what i attribute going from zero to four thousand five hundred subscribers. In three weeks, too, that's a great tool that helps get your videos into the eyes of your intended audience. So if you're a content creator or are looking to become one, i do highly recommend this.

And if you use my link, i will receive a commission off of your purchase at no extra cost to you. It's a great way to support the channel and, if you're not interested in doing so, that's totally fine, i'm just great to have your support by giving me your time and watching the videos. So that's what i have for the video today. Thank you for watching my friends and i'll see you all next time.

Peace.

By Trey

27 thoughts on “Acst our next hot penny stock play! beating the hype! // acst stock analysis technical analysis”
  1. Avataaar/Circle Created with python_avatars RealRoofers Mark Nejmeh says:

    Holding 2000000 shares of ACST

  2. Avataaar/Circle Created with python_avatars Rob t T says:

    ACST is coming back!!! do an update because it’s about to take off🚀 🚀

  3. Avataaar/Circle Created with python_avatars Pablo Caso says:

    $NDRA trending today. Check it out to see if you like it. I got burned on too many biotech companies with drug approval. FDA approval coming up soon for their NASH imaging device. 🚀

  4. Avataaar/Circle Created with python_avatars Mon Karki says:

    Hay penny guy. I had learn lot from you. Keep it up good job and thanks.👍 just to let you know..😁😂😂can you please slow down your speed 🛻of speech. To 50% that would be awesome.

  5. Avataaar/Circle Created with python_avatars yitian xia says:

    too late to see this. Crying

  6. Avataaar/Circle Created with python_avatars GloMik3 says:

    Currently holding 5725 shares

  7. Avataaar/Circle Created with python_avatars TheAlvify says:

    Bro can you take a look at ADXS? The technicals look good no? It's between that and ACST for me.

  8. Avataaar/Circle Created with python_avatars Luke Andrepont says:

    Really good information man. Thanks for taking time to help us.

  9. Avataaar/Circle Created with python_avatars 1hunterblack says:

    i had 120k shares acst

  10. Avataaar/Circle Created with python_avatars 1hunterblack says:

    acst is all good long dont get de listed or reverse split

  11. Avataaar/Circle Created with python_avatars Wajed says:

    Can you do a video on ARTL aka Artelo Bioscience? Thank you!

  12. Avataaar/Circle Created with python_avatars zedzimz says:

    I agree, I learned from the richard allan incident that influencers have a huge influence on the market and can push a stock 5-10% just if they say "buy this stock"

  13. Avataaar/Circle Created with python_avatars bardia mousapour says:

    Wwwwwhat is up every body?🙋‍♂️

  14. Avataaar/Circle Created with python_avatars Devinci' says:

    Question since you have done it. What is the best strategy to become financially free through the market? Focus on dividend paying stocks? Or focus on growth stocks first then putting it into dividends paying stocks later. Just wondering your ideal approach

  15. Avataaar/Circle Created with python_avatars Tony McCormick says:

    LMFA thoughts ?

  16. Avataaar/Circle Created with python_avatars UFO JOSH says:

    Absolutely NASTY gains to make from this one..and a poss merger

  17. Avataaar/Circle Created with python_avatars asaad ibrahim says:

    I have come across a stock ticker PTN? What do u think of it ?

  18. Avataaar/Circle Created with python_avatars *Vee* says:

    Great video as always!

  19. Avataaar/Circle Created with python_avatars Joe says:

    Great Job

  20. Avataaar/Circle Created with python_avatars Marcel Adrian says:

    Contact me if you want to be my Boyfriend 😍💋 💝💖❤️

  21. Avataaar/Circle Created with python_avatars Eddie Mata says:

    Just purchased 100 shares of acst.. waiting for Monday 🕸🕸🕸

  22. Avataaar/Circle Created with python_avatars Leandro Ronin says:

    Lovely 😍💋 💝💖❤️

  23. Avataaar/Circle Created with python_avatars Edmund Kwok says:

    weekends never felt so long. can't wait to get back to the market tomorrow!

  24. Avataaar/Circle Created with python_avatars Sire Jordan says:

    Ya boy is here 🍴🍴🍴🍴

  25. Avataaar/Circle Created with python_avatars Amar Singh says:

    Great video. Thoughts on MRM? Super low float and volume jumped x 4 -5 on Friday. This upcoming week could be huge

  26. Avataaar/Circle Created with python_avatars Sebastian Nilsson says:

    you sir is the man we all need !

  27. Avataaar/Circle Created with python_avatars Scribble Dribble says:

    Thanks

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