All right guys, i'm excited to talk about this. It is almost time for the next run. 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. Other pepper spoons say 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 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'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 of the information resources or tools that are given to me here to the community and make a couple people better off than they were before, that's all that i can ask for last. If you would 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. Now, today we're going to be talking about ticker symbol, biol, bio lace incorporated this is going to be our next grand slam hit guys.

I am so excited to talk about this. It looks like we're starting to see a little bit of movement here in the pre-market. We've got a lot to cover, so we're going to talk about this from a macroscopic and microscopic perspective on the charts. I've got three different indicators pulled up, which is the rsi, the relative strength index, anything over 70s overbought.

Anything under 30 is oversold, the 200 ema, which is the exponential moving average, and this is just a 200 day price action based trend line that gives you an average valuation over those 200 days and then the 15 day vomit, which is the volume adjusted moving average. Some brokerage accounts you might have to use the v-wap or the m8, it's a little bit different, but they're about the same thing, and this is just a 15-day, price-to-action-based trendline that adjusts accordingly to the overall volume we've seen over, that 15-day moving period. We'll talk about some different bullish and bearish indicators that we're seeing on the charts right now i'll give you a completely unbiased opinion. I do have a position in the stock just to be completely transparent.

I will show you that right now i do have a position in biolase at a dollar cost average of 0.968 with 7 000 shares. This is just under 25 percent of my portfolio, so i do have very strong convictions on biolace, uh and and we're going to talk about a couple different things too. I do have pulled up some resources to talk about the fundamentals of the company. A couple upcoming news catalysts, which are why i'm going to be holding this until the 28th of january or next thursday, we'll talk about potential entry points exit points, the whole nine yards.

So let's just get right into the video. But first i want to give a quick shout out to the guys over at the patreon we are almost 400 members strong now holy crap. I did not see this growing the way that we did and we did hit 10 000 subscribers yesterday. We are at 10.3k baby, so thank you guys so much for joining the journey.

I really do appreciate the support these guys will have access to the private discord, as well as real-time insight to my personal training and there's a lot of good stuff in here. We've got spack plays short term plays midterm plays long-term, plays investing assistance, chatting questions. So if you're interested, there is a link to the patreon in the description down below now, if you're not familiar with what bio lace is we'll just give you a brief rundown there, a medical device company which engages in developing manufacturing, marketing and sale of laser systems And dentistry and medicine it operates through water lace, all tissue systems and diode soft tissue systems, products. The waterway 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 tissues.

I don't know if you guys have ever heard that song by eminem, but i i just scalpels check. I don't know if you know what i'm talking about. You can tell me the diode systems perform soft tissue paint therapy and cosmetic procedures, including teeth whitening, and i actually feel really good about violates. This could be a good midterm hold stock.

I'm going to be playing this off as a swing trade. That's the way that i'm presenting it, but there are a bunch of different opportunities here and we will talk about that. But the reason that i'm very excited about this stock is because we do have two known upcoming news catalysts. We have one today on thursday january 21st, there is a webinar from 4 pm to 5 30 p.m.

Pacific time - and this is a laser assisted, pediatric dentistry case review, clinical trend and outcomes webinar and then next thursday there's another webinar. At the same time, talking about ndot, endotonics, reimagine, leveraging technology lasers to optimize patient care and practice growth and violates actually has some pretty cool tech. I just have the the website pulled up here. Uh, i don't know a lot about dentistry, i'm gon na be honest, but looking at their technology, it's pretty sick.

This is the water lace machine, the water lace. I plus the water lace express. We've got the soft tissue lasers i'll, tell you what i've had a root canal done before, and this would have been an absolute powerhouse that probably would have helped the process a lot. So this is a pretty cool tech and i i can see this going pretty far so uh.

We do have that and then friday there is friday, as in tomorrow there is a special shareholders meeting. What the contents of the meeting will be. I am not aware, but this could also act as a positive news, catalyst for the company, and i do expect to see a pretty nice run up uh leading into the webinar as well as after the webinar. So i predict that we're going to see a pretty decent amount of after hours price action on this and then i will be holding it into thursday.

However, you can play this off as a as a double swing, so you can ride this up on the first wave up until friday, where we have the shareholders meeting and then get out, take your profits and then get back in maybe tuesday, wednesday ride the next Wave off for this next webinar, take your profits, get out, rinse and repeat, and you're gon na be able to walk away with a decent amount of money. So, let's take a look here at the charts i do have. The one month chart pulled up uh the relative strength index. We are approaching that overbought territory, it does look like.

We are starting the next run here and anytime that we see that rsi start to move the volume picked up a little bit. We are seeing a little bit of unusual trading volume in the pre-market uh more so than we have well. I suppose that's the after hour, so i take back what i said. I don't want to give you guys false information, but we are seeing a bump in overall trading volume.

As of yesterday uh, the stock is starting to run up now we did see a little bit of a correction phase uh about three or four days ago, and you know maybe that concerns some people. I know that i was personally holding a small bag in bio lace, but once i found out about these news catalyst guys, i got really excited because this is a week straight, basically, where this stock could continue a solid run-up. So i expect to see some volumes like we've seen here in the past when they did present at the hc wainwright uh webinar the biotech conference, and if we do see similar volumes, i expect the push of a retest of that dollar 35 range on this fibonacci Retracement and then honestly, it could go farther beyond that. I could see a dollar fifty sixty seventy eighty uh and if you lock in a fifty sixty seventy eighty percent profit on this and walk away, you're gon na be an absolutely very, very happy guy.

I know that i will be so that's how we're looking right now, if you're, looking at a potential entry point on the stock, we do have a very nice retracement at this 98 cent mark, which is an acting level of support and resistance in the past. You can see that this was an acting level of resistance pushed through it, and then it was acting level of support. So if you do see this slipping down the 98 cents, i think that is a perfect entry point into bio lace. If you don't see it back down to 98 cents, the next level is a dollar eight.

So, honestly, i think if you can catch this anywhere beneath a dollar eight and uh above 98 cents, you're gon na, do pretty well getting into this company and turning a quick swing. Profit that looks very very nice. We do have a gap between the 15 vomit and 200 ema if you've gotten in when this first happened at 47 cents. You would be up over 100 right now and approaching 200 on the stock, which is absolutely phenomenal.

You honestly can't beat that whatsoever. We did have a little bit of a closing of the gap, so it was starting to approach bearish territory, but with the last couple of trading days, we are starting to reopen this gap between the 15 volume on the 200 ema, which is confirmation that we are In bullish territory, we are beginning another run and you can see here in the pre-market. It looks like we're starting to move a little bit more. We are, we are beginning what seems to be a little bit of a gap up.

We were trading at a dollar. Eight and we closed at ninety six point: three one cents. So right off the bat looks like we're gon na be in bulls territory once the market opens. If this trend continues uh.

I am looking to hold this until next thursday january 28th, as i do think that is gon na be the next best um price target in which we're gon na be able to turn this stock. So uh we're gon na be looking for an increase in overall volume. We're gon na be looking for a gap between this 15 bomb and the 200 ema. A push through a dollar 19 is going to bring us uh, probably to a dollar 38.

As you can see, this was an acting level resistance and it does retrace extremely well in the fibonacci, and this is very easy to do guys if you go to your brokerage, account click on fibonacci, retracement i'll. Just do it for you, so you can see the process. What you do is you click on fibonacci retracement right here. You put it at the base of the run-up right here and then at the top of the run-up.

As so, and you can see that the retracement at twenty three point - six percent at a dollar twenty comes out very, very clean, and this is usually a pretty accurate tool, so uh very easy to use a great tool to help. You identify some some major levels of support and resistance, and i do recommend you know, like i said getting in that that 98 cent to 108 range. So that's how that looks right now. We're gon na be looking for that overall volume to pop up a little bit gap up here in the 15 volume over the 200 ema uh.

It's everything about this is screaming. Bye, bye, bye, bye, bye, i'm so so pumped about this, and i think honestly, some people are starting to get some traction here, because uh we're seeing this start to gap up in the pre-market. Oh okay, i'm so excited, i'm so excited, i'm so excited for this. Next, grand slam guys we're gon na keep doing this at trey's trades.

If we look at the one day, one minute chart, this is kind of ugly price action. I'm not gon na lie to you. We closed the day yesterday, with a little bit of bar coding happening and anytime, i post a video with uh with barcoding price action. I know people don't like that.

Right uh, it comes off as a little bit of mmm some market maker manipulation and it's a little bit confusing. I mean the volume wasn't anything crazy at the end of the day, which is why we might have seen this barcoding, but at the beginning of the day, that's a little bit of choppy price action right. So that's one thing to keep in the back of your mind, just as completely unbiased opinion, we do have what appears to be a wedge formation which was broken on the downward trend. So what you do is you draw a trend line from the top of that? That peak to the bottom of the peak - and you can see we broke beneath that trend line and there was a pretty harsh sell-off uh closed off in the after hours at about a dollar four, so did recover very nicely and then into the pre-market.

Today we are looking very bullish. We do have confirmation double confirmation, with a crossover of the 15 vomit over the 200 ema again. The rsi indicator currently is trading at hair above neutral, so it does look like we're going to be in a little bit of overbought territory today, which is exactly what you're looking for when you're looking to sell a stock or you're looking to buy a stock. You want to buy this as close to the rsi indicator at 30, as you can, and if we change this to the one-month chart quick.

This is a more accurate way to know whether or not it's good to have two charts pulled up. If you can have a one-month chart pulled up as well as a one-day one-minute chart, and if you see it align very well where the rsi indicator is approaching 30 on the one month and the one day. That is the perfect buying opportunity to get into a stock. So if we look here on the rsi indicator, when we were at 26, if you've got it at this point at 85 cents, that is almost picture.

Perfect you'd be looking at a huge, huge double up. If this touches a dollar eighty you're looking at over 100 margin or as i like to call it another grand slam hit, so everything about biola is to me right now is looking absolutely phenomenal. We have every confirmation, i'm looking for. We've got a slight bump in volume.

We've got the three news catalysts that are going to be able to push this stock up and we have bullish confirmation on the charts on the one month chart as well as the one day one minute chart and guys everything about this. I am absolutely loving. So i hope that you're able to establish a position in this stock, of course, do your own. Due diligence make your own risk management.

This isn't penny stock there's risk involved, but that is what i have for the video today. So if you enjoyed the video, please drop a like and really to 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 highly what i attribute growing from zero to ten thousand subscribers in just over a month. So if you're a content creator or looking to become one, it's a great tool to get your videos into the eyes of your intended audience.

And if you do use my link i'll receive a commission off of your purchase at no extra cost to you. 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 will see you all next time.

Peace.