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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.
BIOL Fundamentals: https://www.marketwatch.com/investing/stock/biol?mod=over_search
BIOL StockTwits: https://stocktwits.com/symbol/BIOL
BIOL Webinars: https://www.biolase.com/webinars/
BIOL Shareholder Meeting: https://ir.biolase.com/news-events/ir-calendar
4 Free Stocks With $100 Deposit on Webull: https://urldefense.proofpoint.com/v2/url?u=https-3A__act.webull.com_kol-2Dus_share.html-3Fhl-3Den-26inviteCode-3DL4WlkRlNSpq9&d=DwMFaQ&c=Cvk6809QJWx44KVfpEaK-g&r=WvHm_KUWY-5rYypz9lc11RPIWuEX26tGs4FSufOcQ6Q&m=CzjGh75jtR2p1-S5aqqE9WWRG4wV91NMNdsV_wx9og0&s=13Mfa7o3MYeMegZyHTP4NUyLnt7m8diVPXfSA6uvMh8&e=
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You can't handle the heat get out of the kitchen, because no i'm just kidding tell me how that impression was. If you know where i got that from what is up, everybody welcome to trace trades. 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 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 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 now 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 here in the community make a couple people better off than they were before. That's all that i can ask for last. If you would not want to 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: b-i-o-l biolas incorporated guys. This is our next grand slam stock. I'm telling you right now, if you missed out on the inuv run, if you missed out on that run guys, this is going to be your next home run hit. This is going to be a huge grand slam, smash the ball out of the park, and i'm very very excited for that.

I do have a position in bio just to be completely transparent. I will show you right now. I have a dollar cost average of 0.968 with 7 000 shares, and i am looking to actually add to my position improve my position for this. This next run-up that's coming, and we have a lot to talk about today, so we're gon na look at this on a one month.

Chart uh as well as a one day, one minute chart macroscopically and microscopically. I have three different indicators pulled up the rsi, which is a relative strength index. Anything over 70 is overbought. Anything under 30 is oversold, and i have the 200 ema, which is the exponential moving average, and this is just a 200 day moving average based on price action over those 200 days, as well as the 15 day vomit, and this is the volume adjusted moving average Depending on your brokerage account uh, you may not have this: you'd have to use the v-wap or the m-a it'll be slightly different, but it's about the same thing, and this is just a 15 day price action trend line based on that, the price action over those 15 days that adjusts accordingly to the overall volume that goes into a stock, we'll talk about what these all mean.

Look at some different bullish and bearish patterns on the charts, as well as look at the fundamentals of the company and two upcoming news catalysts. That are the exact reason why i think this stock is going to go absolutely insane for the next couple of days. So i hope you guys are buckled in we've got a lot to talk about. This is going to be another one of our grand slam hits and i'm very, very, very excited.

So quick shout out to the guys over the patreon. We are about 340 members strong. Now, thank you guys so much for the support they all have access to this private discord, as well as real-time insight to my personal training, and we have a lot of gold in here. Guys we've got spack plays cold stocks.

Short term plays midterm, plays long term, plays investing assistance, chatting questions bar and guys a lot of the plays that get brought to my attention are because of this discord because of the comment section. So if you want to be a part of this community, there is a link to the patreon in the description down below now, if you're not familiar with what bio is before we get into the meat potatoes, i want to show you what bile does just that. You are up to date, i'll pull them up on market watch really quick and they are a medical device company which engages in developing manufacturing, marketing and sale of laser systems in dentistry and medicine. It operates through water lace, all tissue systems and diode soft tissue systems.

Products, the water light systems uses a patented combination of water and laser energy to perform procedures using drills, scalpels and other traditional dental instruments for cutting soft and hard tissue. The diet systems perform soft tissue, pain therapy and cosmetic procedures, including teeth whitening, and this is a very niche market guys. I think they can really capitalize on this. This may be a good mid to long-term hold in the future uh if it does continue to grow.

I will update if i decide to hold my position but uh. As far as i know, i've been in the dentist a couple times. I have had a rook canal done in the past and i never had any lasers, lasers or water lace used on my teeth or my gums. When i got my my teeth worked on, so if they can capitalize on this and really commercialize that product, i think it could be a really really big killer and there are two uh upcoming catalysts that are going to drive the price on this stock.

We do have on thursday january 21st a laser assisted, pediatric, dentistry case review, clinical trend and outcomes webinar, and you can register for this if you are interested in doing so, i will leave a link to the description box down below uh if you'd like to register For this webinar, but this is an upcoming catalyst and this could push the stock price up further than we have seen, and then there is also a shareholders meeting on friday, which is going to be happening at 11 a.m: pacific standard time. I think that would be new in cst one o'clock est, if i, if i have that right in my head, so i'm going to be holding this until probably at least friday, possibly longer, because we have another upcoming news: catalyst on january 28th from 4 p.m. To 5 p.m, pacific time and you could see a pretty harsh run-up on this in the after hours market. So this looks like a perfect grand slam stock.

I am going to be holding my position in this. In fact, adding to my position in this doubling down on biolase, because i think there's a lot of potential here and the charts do back it up. We have a lot of bullish action happening here. So, let's just take a quick look at this.

I do have leveled off some support and resistance levels. I've got a retracement drawn up on the fibonacci. This is very easy to do you just click on your brokerage. Account click draw, find the fibonacci retracement put the base on the bottom of the run up to the top of the run up, and it tells you about how a stock retraces right.

So if we look at the price action, it retraced extremely well down to the 61.8 percent mark, which is 89 cents, and it held up there pretty well dropped below this bullish flag, but it did come back up and we are trading above that right now. The volume is starting to pick up a little bit. We approached overbought territory in the pre-market, we're trading at 96.4 cents, and i i presume that if we can get into this above, a dollar uh if this holds above a dollar, that's going to start the run up and you're going to see a very gradual day By day by day, run up until that webinar happens and then after the webinar, i don't think we're gon na see much of a tank, because we do have another upcoming news, catalyst and people that have a large investment in this company are going to be holding Their their stake that way they can run up. You know for both catalysts, so i'm going to be holding at least until friday, possibly until close and then even into next week, uh, depending on how much the run-up is, how volatile i think the stock is uh, but i feel really really good about bio lace.

The volume started to pick up the rsi was approaching over bot. The uh we've got this nice bullish flag. We did break beneath the bullish flag, but we did bounce back nicely. There was a nice level of support that we bounced off of at about 80 cents or so, and we are currently trading at 96.4 cents and to me this looks like a very small bullish flag.

We have this this little run-up right here and we have been consolidating since, but between a pretty tight price zone, so uh. That is a typically a bullish indicator, and this looks like the beginning of another run-up, and what i really like to see is we're starting to see a little bit of a gap between this 15 vomit. This light blue line right here and the 200 ema and the larger the gap between these two lines, the more bullish a stock is macroscopically speaking, and that is beautiful. This looks like the beginning of a nice run up.

If we look here, it looks very similar to what happened last time. We saw this really steep increase in price valuation, so i like how that looks if you're looking to get an in entry to this stock right, what are you going to be looking for? Well, we do know that we have a retracement support line at 89 cents, so if you catch the slip in anywhere between 89 cents and 93 cents, i think that is a perfect opportunity to either add to your position or start a position in bio lace and Guys, i feel so good about this. This looks like another opportunity, similar to jagex, similar to bngo, similar to pte uh right now, i do have a position in uh inuv and that stock is up over 100. I know some people that are up over 150 percent in that stock.

This looks like another grand slam opportunity, i'm low balling here, and i think that a dollar fifty is very possible. If we eyeball this, we get enough traction enough volume to back this up. I can very easily see this touching two dollars 225 250 within the next week. So if you have the patience and are willing to wait for that, 100 margin run up.

This looks like another beautiful grand slam hit and i do personally have a stake in this stock. So i'm in it with you, you can take that for what it is. I have about seven thousand dollars just under that of total uh shares in the company and at a dollar cost average of 968.. I am looking to add a little more, even dollar cost average down.

If i do see it in that 93 cent to 90 cent range, i'm definitely going to be adding to my position. I've got about 2 000 of dry powder in which i'm willing to put into this company, and it looks absolutely beautiful. So that's what an entry price looks like that's my price target anywhere between a dollar fifty to two dollars. This does look like it has potential to be a mid to long term hold, especially if they can really capitalize on the commercialization of their laser and water lace, technology in dentistry offices.

That's a very niche market that i haven't seen yet right. So if that does end up becoming a standard right, uh they're, gon na be able to patent that system, generate revenue off of that system or sell the patent generate revenue off of that uh. There's there's a lot of potential here with bio. So, let's just change over to two day one minute chart and take a quick look at any extra confirmations for bullish territory and as of right now, we do just recently have the crossover on the 15 vomit over the 200 ema, which is always a bullish indicator.

So we have double confirmation on the charts right now yesterday was extremely bullish action. We have a huge gap that that formed right here with the 15 volume over the 200 ema, and then it was consolidation, so a little bit of up and down movement, just hanging above that 200 dma anytime - and this is actually something that i like to see. Anytime that the 15 bomb would cross underneath the 200 ema buyers would step back in and push the price back up. So it didn't really hang out underneath that in bearish territory, for very long, which indicates to me a lot of buying presence and another thing that i like to see is this right here.

Look at all this green volume uh! You do have the first day of a little bit of sell-off action happening, but not a lot of volume here and the green volume, starting to pick back up, which leads me to believe that there are investors that are holding a position in this stock and not Just traders who are looking for a quick flip right, so i think bio, has a lot of opportunity. I have this as a short term play and honestly, i might upgrade this in my own portfolio to a mid-term play and maybe even a long-term play, depending on how the price action plays out, how the volume looks if there's more investors that are holding a stake In the stock, i will feel more comfortable keeping my money in in bio lace. I have a very good feeling about this. I do think this is going to be our next grand slam hit and the charts look.

Awesome. We've got the confirmation to back it up. We've got the volume picking up. That is every single confirmation that i'm looking for to say: hey.

This is gon na, be another runner and i don't want you guys to miss out uh. There is still a lot of time to get into this this this uh. This conference and this webinar is not until tomorrow and then the next catalyst is friday. Then we have another webinar next thursday.

So if you don't have the dry powder right now, you have time to get. It done. There's three different opportunities here to make money. If you can get it on all three, i think you're gon na walk away a very, very happy guy or gal.

So that is what i have for the video today guys if you enjoyed please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy. Now. Tubebuddy is an seo optimization website that i personally pay a nine dollar per month, membership for and it's how you would attribute growing from zero to almost 10 000 subscribers in just over a month.

So if you're a content creator or looking to become one, i could not recommend this highly enough. It is a great tool to help get your videos into the eyes of your intended audience and if you do use my link i'll receive a commission off your purchase at no extra cost to you. So it'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 will see you all next time. Peace.

By Trey

22 thoughts on “Biol is our next grand slam penny stock! // biol stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars makeint1 says:

    What about the R/S vote, how will that affect BIOL?

  2. Avataaar/Circle Created with python_avatars Jamel P. Burgess says:

    Biolase as of right now is back up to $1 in the after market. Could this be a sign of a bullish day tomorrow?

  3. Avataaar/Circle Created with python_avatars Lee N says:

    Trey check out EXPFF experion stock its $0.14 company has no debt, havent seen anyone on youtube talk about it yet

  4. Avataaar/Circle Created with python_avatars Justin Winkler says:

    2400 shares at $1.02.
    I'd be happy with $1.50.
    I sold my INUV position with over 100% gain on it.
    Can't believe I'm playing penny stocks lol.

  5. Avataaar/Circle Created with python_avatars Allan Rojas says:

    You know biol signed with dental care alliance to get there products in there offices.

  6. Avataaar/Circle Created with python_avatars Peter Pan says:

    I have 2 penny stocks BIOL and POAI in the portfolio.

    Dont you sleep on POAI

  7. Avataaar/Circle Created with python_avatars Sean says:

    I started with Kenan but then I upgraded to you LOL

  8. Avataaar/Circle Created with python_avatars parminder chaudhary says:

    Respect sir…. you are doing a great help for us all

  9. Avataaar/Circle Created with python_avatars English Class says:

    You’re the man! Love your vids. Please don’t stop!!!

  10. Avataaar/Circle Created with python_avatars Garrett Bullock says:

    Thanks for taking the time to educate us beginners. Your the man keep it coming.

  11. Avataaar/Circle Created with python_avatars Filling my Bucket says:

    Look also at NDRA, ONTX,VYNE they look like they will have nice run up!

  12. Avataaar/Circle Created with python_avatars Rizzi Regis says:

    Consider investing in an etf fund!
    Lol. You’re a funny dude. I’m considering the discord honestly. I’m just not huge on having spending. Which one would you honestly recommend?

  13. Avataaar/Circle Created with python_avatars iSev says:

    bro on everything you made me 500$ so far with INUV

  14. Avataaar/Circle Created with python_avatars Manny Mui says:

    Thank You Trey, I've made $2000 dollars off of INUV stock video. Looking forward to more of your investing advice 🙂

  15. Avataaar/Circle Created with python_avatars Chagtuu says:

    if you cant handle the heat stay out of the kitchen xD

  16. Avataaar/Circle Created with python_avatars spicy boyz says:

    What does everyone think of this guy ? I'm new here

  17. Avataaar/Circle Created with python_avatars N .Junior says:

    Loving the energy !!! been on the ball but still do your diligence!!😁

  18. Avataaar/Circle Created with python_avatars James Knowland says:

    So glad to see this one coming through, in Mike we trust

  19. Avataaar/Circle Created with python_avatars Dee Blake says:

    Hey when u create your dry powder are you selling out of one position that’s stagnant and depositing those monies into let’s say a stock that’s hot and then taking profits when that stock runs up… or is your dry powder live cash you add directly from your regular banking accounts? Like I’m thinking about selling out of hylion and adding those funds into biol or sens or even trxc on a swing trade? Make sense or no?

  20. Avataaar/Circle Created with python_avatars Maher Najjar says:

    How do you find these stocks which have the potential to shoot up soon?

  21. Avataaar/Circle Created with python_avatars Angel Rodriguez says:

    Great info trey keep us updated we’ll keep your channel rolling 🙌🏻💪🏼

  22. Avataaar/Circle Created with python_avatars Flemz says:

    Yo Trey just wanted to say thankyou for the videos over the last few weeks really teaching me how to analyse the charts and been getting into the plays 2021 is going to be a big year for myself in the market

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