Oh jesus christ, you know what's funny about this guys i sold out of this for like a dollar 16.. Oh man, man, that's so funny, oh god. What is up? Everybody welcome to trace trades. We have technical analysis and different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks.

I like your purpose 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 a couple years back. I was about thirty thousand dollars deep, it's a medical debt and i was very fortunate to have some close family friends and mentors that pushed me to work hard to invest my money 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, so if i can pass along any information, resources or tools that are given to me here in the community and make a couple of people better off than they were before, that's all that i can ask for Last of you and i might 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. Now today we have an update on ticker symbol: admp, a damage pharmaceuticals corporation, holy frickin, filthy man, dang.

Ah, you know there's no way i could have predicted this would happen. I'm going to be honest with you. I got to be completely honest. I had no idea that this was going to happen.

I uh one of my one of my friends over the discord here. His name is mike. We call him crew guy and he said i'm holding this for two dollars and i was like i don't know man. This is bleeding pretty bad, i mean the charts.

There was nothing that indicated at the end of the day. This is going to happen and then we just had this huge freaking green candle, and at this point i was like well that's a chase but uh. I i just don't feel comfortable doing it and then, from the peak here at 1.70, you still could have made like a 50 margin, which is just nuts anyways uh. We're gon na talk about admp the one month chart as well as the one day.

One minute chart both macroscopically and microscopically. We're gon na give you guys some different opportunities to make money here if you are interested in doing so, i have three different indicators pulled up, which are the rsi, the relative strength index, anything over 70s or about anything under 30 oversold, the 200 ema, which is The exponential moving average - and this is just a price action - uh valuation trend line based over a 200-day moving period and then the 15-day vomit, which is the volume adjusted moving average. Some brokerage accounts won't offer this. You might have to use the v-wap or the m-a, but this is just a price action based valuation trend line over a 15 day moving period, adjust it accordingly to the overall volume in a stock.

I do also have a fibonacci retracement, which is a very easy tool to use. You just simply place the base at the beginning of the run run-up and the top of it at the top of the run-up, and it gives you a solid retracement, an idea of what you can expect for a price correction uh. So we'll talk about what that looks like we'll talk about the overall volume going into the stock, the rsi indicator, uh and then change it over to the two day one minute chart and give you some perspectives. There, potential entry points exit points, the whole nine yards.

So, let's just get right into the video, but first i just want to give a quick shout out to the guys over the patreon. Thank you guys so much. I think we are over 500 members strong. Now it's absolutely insane.

I can't believe the way this uh. This is all taken off, so i really do appreciate the support they'll have access to the private discord, as well as real-time insight to my personal training and uh. There's a lot of good stuff in here guys we got spec plays short-term, plays mid-term plays long-term, plays. Investing assistance chatting questions so, if you're interested there is a link to the patreon in the description box down below now, if you're not familiar with what admp is i'll.

Just read you a quick description off their biopharmaceutical company which engages in discovery, development and sales of pharmaceutical specialty, biopharmaceutical and other drug products. It offers sim cheppie project product for the allergy, respiratory, opioid overdose and erectile dysfunction markets, and i think the reason we saw this run up this article was posted at 6 43 a.m on january 22nd, um, which i think was today. So this must be a different time zone, but i'll just read this off quick uh. Today's daily dose brings you news about the effectiveness of lilly's mob in reducing the risk of contracting symptomatic over 19.

I'm sorry that was probably so painful to listen to among residents and staff of long-term care facilities, executive changes at bionvax, pharma regulatory update on genetic technologies, copen 19 prs test, adamus sim jeppy products being made available in the walgreens prescription savings club. I think this is exactly why we saw that uh, so you know davis to offer sim jeppy and walgreens prescriptions savings club, and i think that is why we saw this very, very steep run-up that was such a filthy run-up, guys, god dang, i was jumping up And down watching this it was, it was absolutely insane um. So let's just talk about the charts here. That is why we saw the run-up and to me this seems like one of those by the hype sell the news kind of plays, i'm not gon na.

I'm not gon na lie to you. That's why i sold out when i did you know i, i would have been smarter of me to sell out at a dollar sixty for sure, but i'm happy walking away with profit any time that i make profit right. That's uh, that's the way the stock market works, it's good, the nickel and dime nickel and dime. Add it all up over time um, but you know i thought this was a cell that i play.

I sell the news play here: buy the hype, sell the news. Uh and it was bleeding down - and i sold it literally - the exact bottom, which is outrageous. This is literally what i sold that i sold like right here at a dollar sixteen and immediately after that it just starts slowly climbing, climbing and bam after the races. Oh, that's how it goes, that's how it goes, but i never regret taking profits.

That's just how i am as a person i'd rather nickel and dime, and miss out on a run up than uh than nickel and dime, and then i had the chance of losing all my money so um, you know if we look at a quick retracement here. I think let me just take a quick peek at what it retraced that last time and it was this 61.8 percent mark. So if we take it from the base of this run-up here, i would expect to see a very similar retracement, but it's not guaranteed right. So i think anywhere between 1.54 to 1.76 is where you're going to see this retraced to and 1.76 does look like it's an acting level of resistance.

So i think it's probably likely that uh you'll see that acts as a level of support in the future. So watch for a pullback to that dollar 76 mark. If you are looking to get an entry into the stock um, i i do suggest taking profits if you haven't already. Of course, you know due diligence, make your own risk management.

I have gotten shoot out by people in the comments section for telling people to take profits, but um. You know this does seem like especially those biopharmaceutical companies uh. The best bet does seem to be to sell the news and buy the hype. So i think that was some pretty huge news.

You were given another opportunity to make some insane money uh. This is another grand slam hit, i'm so pumped so pumped guys that we've been hitting these. This is. This is actually really cool.

Uh we've been hitting a lot of really good stocks, guys we had admp uh, we hit it off with uh bio. We hear it out with jag x um. We hit it off with a new we're gon na hit it off with zome um we've been hitting with ctrm everything's just popping lately and it's really fun. It's really fun to watch everybody making money.

So that's how that's looking on the one month chart. We do have a very nice fat gap between the 15 volume of the 200 ema in extremely overbought territory. But, historically speaking and honestly, what i like to see is this didn't correct very harshly from the last run-up this. This correction was only down to about 40 on the rsi, which is not extremely oversold.

It's oversold nonetheless, but not not terribly, so i do like how that looks. Uh and honestly, it looks like it might continue to run here in the regular market hours or the pre-market at the very least so um, it's not looking bad if you're up a pretty decent margin on this, i think you're looking pretty decent. I think worst case scenario: you see a correction down to a dollar dollar 52, or so maybe a dollar 76 more realistically. But if you, if you got in anywhere back here, you're sitting absolutely fine right now, i'm very happy for you guys and i'm glad you're able to turn a good profit on this.

There's another freaking grand slam hit out here at trey's trade, so i'm so pumped to see that happening for everybody. Ah, i know i've got less energy than usual today, i'm kind of bummed i'm moving, i'm moving from minnesota. It feels weird i've lived here for a very long time. I'm moving out to oklahoma today and uh.

Just feels weird guys. You have to excuse me i'll, be back to my uh, regular, energetic self in a day or two anyways. If we look at the two day, one minute chart real quick, we do have what appears to be a small head and shoulders pattern, and i always give it straight. As i see it, this is uh.

This is just exactly what it is: it's a head and shoulders pattern, which is typically a little bit bearish, but it is a stair-stepping head and shoulders pattern so that it bears a little less weight. To me. I'd say this is a pretty weak head and shoulders. So take that for what it is, we do have a little bit of a double bottom out right here.

I like calling these the george w, but i'm not going to be able to say that, because it doesn't look like a w this time, but it is definitely there. So that is another thing, and here in the pre-market it does look like we're still on the move, which is so insane. The volume is dying off a little bit. We had some pretty insane volume in the after hours yesterday.

So if you see that kind of volume coming around again in the morning, i would expect to see some pretty harsh man. Look at this. The volume was higher in the after hours than it was during the regular day. That's just insane that is so wild uh.

If you've seen any sort of volume like this throughout the regular day today, i would expect another hard push to push this thing up. Uh, you know maybe to two dollars and fifty cents, two dollars and sixty cents, or at least re-test, this previous high at 265.. I do think it is very possible, but uh more likely, you're going to see a correction down to that dollar 75 to 1.55 range. So i just want to prepare you guys for the worst hope for the best.

That way you can. You can ride it out. However, you want to do so. That's what i have for the update on ticker symbol.

Admp. If you guys 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 and lastly, i do have an affiliate link in the description box down below for tubebuddy. Now.

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So there's a great way to support the channel and, if you're not interested, that's totally fine. I just appreciate your support by taking the time to watch my videos, so that is what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace,.