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BIOL Stock Analysis: Biolase Inc (BIOL) is a medical device company, which engages in developing, manufacturing, marketing and sale of laser systems in dentistry and medicine. It operates through Waterlase systems, and Diode systems products. In this BIOL Stock Analysis video, we discuss 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.
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What is up everybody good morning from minnesota? It's currently 6 10 a.m. Here and uh we're ready for another beautiful day in the market. It's already freaking wednesday, god just goes by way too fast. What do you do? Welcome to trey's 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 preface by saying that i'm not a financial advisor nor expert 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 in some 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 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 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 that i can ask for. Lastly, if you would not mind dropping a like on the video, 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 now a quick shout out to the guys over the patreon.

We did have some new people join us in the last 24 hours. We are currently sitting at 220. Five members nate milton khalil, jacob keith, phillip, patrick nicki, kevin chuchu. Thank you guys so much for the support.

It really does mean a lot. They will have access to the private discord, as well as real-time insight to my personal trading and guys there's a lot of gold in here. Uh people really know what they're doing so. If you're interested there's a link in the description box and watch out for the scammer, this is not me, you know it's not because he doesn't have that great box around his name.

Don't buy his number, don't buy his crap report him. If you can now we're going to be giving a quick update on ticker symbol, b-i-o-l bio-lace incorporated it'll be completely transparent. I do have a position in bio. I did buy into them this morning.

I'm looking at this as either a date or swing trading opportunity, most likely a day trading opportunity i did buy into buy all with an average price of 105 with 2 000 shares value of 2080, and we are currently trading at 1.13 in the pre-market. So i honestly couldn't have timed that much better. I was a little bit skeptical of buying into the stock, but i was very happy to see this sell-off and this this pretty harsh amount of selling pressure, so that i could take a position in the stock and i will be extremely happy locking in a 10 20 gain on this and being done for the day. If that's all, it has to offer if it does continue to climb, and we see a pretty steady rise like we saw yesterday, you know i will reevaluate, but we will see what the day has to bring.

So we're going to cover a couple different things here we are going to look at some different indicators that we're going to have pulled up, and i will do that right now. All right, so we're gon na take a look at the voma. The volume adjusted moving average over a 15 day period. This is just an average valuation trend line based on uh.

You know adjusted volume and then the 200 period moving ema, which is a 200-day moving average trend line. This is the exponential moving average that just takes into consideration price action over a 200-day moving period. We will also add in the rsi indicator and the rsi indicator the relative strength index, anything over 70 being overbought. Anything under 30.

Oversold we'll take a look at what this all means, we'll take a look at the overall volume, establish some levels of support and resistance, look at some bullish and bearish indicators on here and then take a look at this from a one day, one minute chart. So if you're not familiar with uh with bio, we will just pull them up. Real quick on marketwatch biola is a medical device company which engages in developing manufacturing, marketing and sale of laser systems and dentistry and medicine. It operates through water lace systems and diode systems.

Products and uh on stock twist, they are up to about 22 000 members message: volume is through the roof. Sentiment is down a little bit. Price is up, but if we look up bile stock news, really quick, the reason for this massive run up we'll just read the article real quick. I did point this out yesterday, but it had an 80 increase, as it went from a previous close of 58 cents to 104 and one of the main reasons.

Why is they announced a bio lace agreement with dental care alliance, dca, which is one of the largest dental support organizations in the us, with over 330 affiliated practices in 20 states, and this is a very large deal in the after hours. We did touch all the way up to a buck 30 and i'll be running through my my game plan with this just to help you guys with your investing decisions, if you do currently have a position in bio, so let's just get right into the charts here. So we're gon na establish some levels of support and resistance. We did have a very nice support here at uh about a dollar it bounced off of that very very nicely, and i was watching for that one dollar bounce before i took a position in the stock.

I wanted a candle confirmation and we did get it. We saw that bounce i entered in at 105 and we are currently trading up at about a dollar 12 and it looks like we may be approaching. You know some some higher highs here so i'll give this to you a completely unbiased perspective. I'll show you everything that we have to offer, but that is the one dollar uh support line that we're looking at right now, followed by another support line, which is an acting level of resistance at the moment at a dollar fourteen.

This was a previous level of resistance. We will need to push and hold above that to reach the next high here and then we are going to be looking at touching up here at a dollar 30 for another level of resistance, and if we couldn't push above a buck 30, i will be looking For 1.50, as the next level of resistance to hold - and if we do hold that, i think we're looking at a very solid day, we could be looking at a 50 margin. Here. I got in about a dollar five with uh.

You know, i don't remember the exact amount of shares. I think it was about 2 000, or so i think it was 2 000 on the on the nose to do bio, yep. 2 000, with two thousand eighty dollars of value. So i know if we get out at uh at a buck, fifty or even a dollar.

Thirty, i'm happy with a near thirty percent gain it'd, be, let me be about uh three hundred to four, no six to seven hundred dollars gain in a day or swing trade. So i'd be completely content with that and you guys will be looking very solid as well so um, that's currently how we're looking with support and resistance. We did have some nice bullish, confirmation, uh, and this is to be expected with the news that was released, but we did have the crossover on the vomit over the 200 ema, which is an extremely bullish indicator. We do have a nice large gap here between these two lines, which is also an extremely bullish indicator.

So that's looking very nice and clean i'm liking the run-up that we're seeing here on on bio. Currently, the volume really attracts my attention. The amount of volume that we've been seeing in the pre-market and the after hours from yesterday does indicate that there is still some buying interest with the stock, and i actually enjoyed seeing this this dip and this this rsi approaching that 30 territory, because that is the Best opportunity to buy into a stock is when it is being oversold for a day or swing trading opportunity. Of course you know that may raise some concerns if you're made to long-term investor.

You know you may be thinking. Oh crap, should i have taken profits on the top of this peak, or should i hold you know, but you know to me: is the perfect opportunity to buy into the stock as low of a cost, as i possibly can so that i can ride it up To the highest cost that i possibly can, and that was music to my ears, i honestly could not be much happier with the purchasing price that we have here. You know unless it does continue to dip down, but we will see what happens. I just want to give it to you straight how it is and that's how we're looking right now.

So if we do take a look here, quick at uh at the price action, it does see seem that we may be forming the beginning of a bullish, wedge formation and if you're not familiar a bullish. Wedge simply is a compressing of price action and consolidation period, and this gives confidence to investors that the stock is going to be around to stick. It's not just a quick pump and dump, and if that is the case, actually this is more of a bullish flag, because this is the flagpole right here. We are seeing that nice long pole from the price action here.

The nice clean rise up and if we do stay between these trend lines and approach and break through this above trend line today, you could be looking at a retest of that dollar 30 mark, and that is a very solid bullish. Confirmation that we do have currently on the stock rsi trading at about 55, not looking too bad here, i like the price action. I like the volume. It does look very bullish to me - and i would just be careful not to hold this for too long right, because the news is out right at this point.

People are buying based on hype, they're buying, based on anticipation for potential for growth, right um, so just be very careful. This is not to me a mid to long term. All this is a day or swing trading opportunity. Now, if we do change this to the two-day one-minute chart really quick, we'll take a look at some different confirmations that we're seeing in here just to see an idea we are currently just trading above.

We did just recently have the crossover on the voma over the 200 ema, which is a bullish indicator, and it does appear that we do have a very small bullish flag forming right now, this being the pole right here - and i will zoom in really quick just To make this a little easier to see that being the pole and then this being the flag itself we'll draw that here extend, looks like a very nice and clean bullish flag, and if that does come to fruition, you know we will be looking at a pretty Solid uh pretty solid amount of buying pressure. If, if we do push through this trend line that we're seeing so be watching, for you know just uh a push for you know a dollar fourteen dollar fifteen. If we do get above that, i think we're looking pretty solid on the day. So that's how we're looking right now with uh different confirmations on the indicators rsi indicator we're currently trading at about neutral, not correcting too hard off of where we were previously.

The volume looks absolutely phenomenal. We are seeing a little bump right now from 6am different brokerage accounts, opening i'm loving the volume action on this and honestly, i don't really see much bearish action happening here. The most bearish action we had was at the beginning of the day with that sell-off, but we did rebound very nicely. We did see a very sharp amount of buying pressure right off the gun at 6am, and that's it's looking very nice.

So if you have a position to buy and you're making some money off of this play, let us know in the comments section i'd love to see how much people are winning i'd, love to see those margins. I'd love to see the profits, and this has been an absolute winner. This was brought to my attention by some people over the patreon and the discord we work together to find these plays, and that's what's special about the community that we have here this channel. Is i don't do this by myself guys.

I never will say that i do. I never could and we have so many different eyes and perspectives getting these plays and by working together, we're just going to continue to make money. So that is the current update that i have on bio uh. If you 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, as i do post videos every day, um my exit plan for this stock, i am going to be watching for a push through a dollar thirty one and if we see a bounce off of a dollar thirty one. If you see a double top, you know i'm going to take profits most likely um. If i don't, we see a push through, it may turn into a swing trade opportunity, but i'm more leaning towards a day trade on this stock, so just to be completely transparent. That is my game plan currently with bio.

Lastly, i do have an affiliate link in the description box for tubebuddy. Now tubebuddy is an seo optimization website that i personally pay in nine dollar per month. Membership for - and it is highly what i attribute growing from zero to six point: five thousand subscribers in a little over uh three weeks. So if you're a content creator or looking to become one, it is a great tool to help get your videos into the eyes of your intended audience and uh.

If you do use my link, i will receive a commission off your purchase and no extra costs to use, so it's a great way to support the channel and, if you're not interested, that's totally fine. I just appreciate having your support by taking the time to watch my videos. That is what i have for you guys today. Thank you for watching my friends and i will see you all next time.


By Trey

16 thoughts on “Biol hot penny stock update! // biol stock analysis technical analysis”
  1. Avataaar/Circle Created with python_avatars beautiful flower says:

    Can u an update on Biol please

  2. Avataaar/Circle Created with python_avatars Johanna Castro says:

    Trey, would you say sell biol at a loss now? or just hold..

  3. Avataaar/Circle Created with python_avatars Justin Low says:

    Hey Trey , any updates on BIOL..could you have a look at the current charts ?

  4. Avataaar/Circle Created with python_avatars JDPR says:

    Biolase stock is at .92 this stock dropping.

  5. Avataaar/Circle Created with python_avatars Robert Lasher says:

    โ€˜Twas not a home run yet… but weโ€™re holding hoping for that boom

  6. Avataaar/Circle Created with python_avatars Halmat says:

    Guys I am looking at this ticker and strongly considering buying the dip. Thoughts?

  7. Avataaar/Circle Created with python_avatars Cruz says:

    What a dud.

  8. Avataaar/Circle Created with python_avatars 1 M1LL1ON5 says:


  9. Avataaar/Circle Created with python_avatars Lucian Limbutu says:

    Buy CLWD now and you will be rich at the end off the day

  10. Avataaar/Circle Created with python_avatars Josh Barrington says:

    you should do live trading

  11. Avataaar/Circle Created with python_avatars Josh Barrington says:

    is this the buy for today???

  12. Avataaar/Circle Created with python_avatars ์–ธ๋‹ˆ says:

    Oh my god…I feel addicted to ur "What is up everybody ! " intro lol ๐Ÿ˜† thanks a lot for ur video as always๐Ÿ‘ I got in Biol at 1.02 this early morning. Hope it to be double !

  13. Avataaar/Circle Created with python_avatars Leila Nicolas 002 says:

    Need lovely ๐Ÿ˜๐Ÿ’‹ ๐Ÿ’๐Ÿ’–โค๏ธ

  14. Avataaar/Circle Created with python_avatars Vancity says:

    Glad you on the BIOL ride you gonna get close to that home run by eod.

  15. Avataaar/Circle Created with python_avatars Mark Tovar says:

    Hey trey whatโ€™s up with ZOM. Itโ€™s got a high amount of volume. You think it Will it recover?

  16. Avataaar/Circle Created with python_avatars Murray Murray says:

    Every one went to the wrong ticker should be nakd not nak

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