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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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Oh baby, she's heating up she's heating up we're getting started, guys we're getting started. Oh i'm so excited about bio. What is up? Everybody welcome to trace trades. We have technical analysis on different stocks in the stock market, as well as a potential buy, hold or sell opinions on these given stocks, i like to purpose 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 thirty thousand dollars 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 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.

Now today we have an update on ticker symbol, b-i-o-l bio-lace incorporated this is gon na, be our next grand slam play here at the channel and i'm very very excited because it is starting to heat up. We had the webinar today that i had discussed that took place at four o'clock p.m. I believe it was est uh and we did see an increase in share valuation throughout the day. Now we did have a little bit of luck.

I don't remember the youtuber's exact name, but i do know, he's a 80 000 subscriber channel and he did release a video today talking about biola. So i actually do take a lot of pride in the fact that i called this play before their other youtubers. Talking about it, my my intent with the channel is to find the hype. Uh anticipate the hype and beat the hype, and i do feel like we did that with biles.

So i'm very excited because we have more news catalyst upcoming. There is still remaining opportunity with the stock and honestly i don't. I don't think this is done running yet so we're going to talk about this, both 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, oversold, the 200 ema, which is the exponential moving average. This dark blue line right here, and this is just a price action based valuation trend line over a 200 day moving period and then the 15 day vomit, which is a volume adjusted moving average. And this is a price action based valuation trend line over a 15-day. Moving period adjusted accordingly to overall volume, that's going into a stock, so we'll talk about those different bullish and bearish patterns on the stock.

Currently, potential entry points potential exit points. I am i'm personally playing this off as a swing trade. I do have a position in the stock currently sitting at a dollar cost average of 96.8 cents. 7 000 shares currently up 13 on the day, 888 and uh point five, four percent overall up eight hundred and fifty dollars.

So i feel very happy about where we're at currently with bio and uh, we're just gon na run through everything that i'm expecting here. So let's just get right into the video, but first i wan na give a quick shout out to the guys over the patreon. We are over 400 members strong now. Thank you guys so much for the support.

It's absolutely insane what you guys are doing here. Uh. It means the world to me so they'll have access to the private discord as well as real-time insight to my personal training, and we have a lot of great stuff in here. We've got spec plays short term plays, midterm plays long term, plays investing assistance as well as chatting questions, and i do post my real-time trading insight in this discord.

So if you're interested, there is a link to the patreon down below for you to join now, if you're, not familiar with what bio lace is i'll. Just read you a quick description on the company they're, a medical device company which engages in developing manufacturing, marketing and sale of laser systems and dentistry and medicine. It operates to water lace systems and diode systems products. The waterway system uses a patented combination of water and laser energy to perform procedures using drills, scalpels, scalpels, sponge and other traditional dental instruments for cutting soft and hard tissue.

The diode systems perform soft tissue, pain therapy and cosmetic procedures, including teeth whitening, and if we just pull up biolase's website really quick, they do have a couple more upcoming news catalysts that i do want to show you really fast, and one of those is going to Be a shareholders meeting and let me just pause the video quick so that i can find that for you all right. So i do have this right here. They do have an upcoming event, which is a special meeting of stockholders on january 22nd, which is tomorrow at 11 a.m. Pacific standard time - and this is in california - so this uh - this could be a very solid news - catalyst that could push the stock price up higher.

Of course, there is risk involved here, i'm going to tell you why it is because we don't have specifications on what this special meeting of stockholders is so um. Potentially, this could be a positive news catalyst. Potentially, this could be a negative news catalyst, so you can play this out two different ways right. You can sell this based on hype before this before the meeting right, so we couldn't.

We can anticipate that we may see a climb and a evaluation jump in overall price based on anticipation for the shareholders meeting and the risk is going to be lower. If you do that. So for me personally, this would come out to noon cst and i could sell my shares at 11. O'Clock am cst in anticipation, for you know the news and and the hype that will be surrounding the potential here right.

So that is one avenue of approach. The second is to hold into the shareholders meeting and then, if it is a positive catalyst it could be, it could be a negative catalyst right. We don't know what they're talking about, but if it is a positive catalyst, you are likely to see a larger overall margin of growth out of biolase. So that is an extra opportunity for you guys to make some more money with this company.

If you'd like to do so just know that there is more risk involved, if you do hold through the meeting, i am personally going to be holding through the meeting, and i will set a stop loss to secure my profits, regardless of whether it goes good or Bad, so that is how i am currently going to be playing this out, and then we have another upcoming catalyst on next thursday, another uh webinar - and i will pull this up for you really quick, we'll look at their webinars tab right here, uh if it pulls Up upcoming live webinars, and we do know that they have another webinar next thursday from 4 p.m, to 5 p.m, pacific standard time, which is thursday january 28th. So this should act as another positive news catalyst. So you can play this off as a rented repeat play where you take profits on friday and then get back into it. Maybe wednesday in anticipation for a run-up on thursday or you can hold into next thursday and then, as the the stock price begins to lower.

We should anticipate that it sets a higher low and a higher high. Of course it might not, but it should just based on price action we've seen in the past and when it hits that bottom out, you can then uh add to your position. Dollar cost average, either up or down, and improve your position for that next run-up that we're anticipating next thursday. So i feel very good about this.

This should be another huge grand slam play on bio. I don't know if we're quite gon na reach 100 margins right, but i think 30 40 50 is extremely realistic. I think uh breaking through this 1.39 resistance level is a very real possibility. I could see us touching about a dollar.

Fifty a dollar sixty a dollar. Seventy as long as things go well with that shareholder and stockholder meeting so uh. That's why i'm excited about bio lace. We did see a great day today up thirteen percent overall uh and if you had any sort of you know solid value in the company.

You should be sitting pretty nice right now. I am up almost a thousand dollars on a day in this stock alone. Man, i'm actually so excited because i pushed over 30k and that feels very good to see because uh, i think it would have been probably about a month ago my account was actually under twenty thousand dollars. So we've been having a lot of fun here, uh at trace trades, and i hope that you guys portfolios have been looking as green as mine.

I know there's a lot of people that share with me uh. It's just absolutely awesome to see - and this should be another great pusher - that helps move our portfolios to an upward direction. So, let's just take a look at the price action on the months here. Quick volume is picking up the last couple days here, which i do like to see.

Rsi indicator has approached over, bought and then corrected uh. We did see a correction down to about 37 here yesterday and then it did pick up very nicely in the after hours. Currently, after hours now we are up about two cents to a dollar eleven. So it's hard to say yet if we are going to see a push in anticipation for that stockholder meeting, yet i think it's more likely to see that in the pre-market.

However, it is completely possible that we do see this in the after hours today so be on the watch for that. That is a potential uh. Something that i find very interesting is if we draw a retracement from the base of the round to the peak of the last run up, we do see a very solid resistance level sitting at a dollar twenty. We do see a candle wick that touched this in the after hours yesterday, as well as a candlelit wick.

That touched this in the regular market hours today, so that 1.20 mark does seem to be a very strong, acting level of resistance, and i can anticipate that if we break and hold above that it will be an acting level of support in the future. So my prediction is uh: if we do end up holding this into next week that a dollar and twenty cents is going to be the new basement in which the stock holds that, and of course that's just my prediction - there's no way i can guarantee you that, But that is based on the trends that i'm currently seeing and just as a history lesson we're going to take a quick peek at what we've seen in the past with this stock. So if we draw a quick retracement from the base of this last round to the height, we do see a retracement. You know that doesn't quite line up actually we'll back it up a little bit and drive from the base of this run.

Up to the peak here and that lines up a little bit better, we did level out pretty nicely at 46 cents, which is a 61.8 percent retracement, and if we retrace it from the base of this run-up to the peak of the run-up, if we retrace to 61 or 20 61.8 that would be 90 cents, so it is still currently higher than our our previous bottom out uh. It would be you know if we do continue that trend. I always want to give you guys as much realistic information as i can. That would be a overall higher low, but it is more volatile than we have seen and that does back up with the rsi indicator, so anytime we're in overbought territory.

The corrections have been pretty harsh uh whenever we see a lot of green volume, there's typically a lot of red volume to back it up. So this may be more of a trader stock and may make you consider an opportunity for swing trading. This rinsing and repeating uh, i will be making that decision. Based on what i see for price action on friday, however, we do see a pretty harsh sell-off after that shareholders meeting, i will be completely satisfied, taking profits and rinse and repeating next wednesday into thursday's webinar.

So this is another huge grand slam opportunity. I think you can make a lot of money here. Let's just take a quick look at the two-day one-minute chart after i give you a quick rundown on the vama and the 200ma very slow and gradual gap up here looks very very nice, uh still very bullish territory. This is anytime.

You have this 15-day volume across over the 200 ema and gap up like this. That is a signifier of a run of bullish control, and this is in complete bullish territory and i'm loving everything here. So if we see this volume stick around into tomorrow, we see this 15 vomit continue to gap. I would continue to hold.

This is looking absolutely beautiful, so today's price action, if we take a quick peek, we do have a small head and shoulders pattern here, and this is very easy to find. You just find a peak of a run-up which you can see right here, followed by uh. Two little shoulder patterns, so the middle here is the head and the two mini peek-outs, the the the the double tops are the shoulders, and we do see that right here and after this head and shoulders pattern, we did see a little bit of a bleed into The rest of the market day, we did have a nice little bottom out here, a double bottom, which is typically a bullish indicator. So this could be a sign of an upcoming run here in the after hours or the pre market, so be on the watch out for that that is absolutely possible.

Of course, i can't predict the future. I can only tell you what the trends are saying and the trend right now does say that it is possible. We continue to see a run. We do have the 15 vomit crossed over the 200 ema again, which is a double confirmation to the one month chart saying that hey this is pretty bullish territory, both macroscopically and microscopically.

So i do like to see that overall, this does seem to be a very solid play at the moment. Uh, the volume is still trading unusually high compared to what we've seen in the past in the after hours uh. Typically, we don't really see much of anything, and if we see here that's i mean if you can even see the after hours volume that's higher than it usually is so uh it's looking like, we might continue to see some good volatility. We might continue to see some good price action and movement currently trading at a dollar and twelve cents, uh watch for a push above a dollar twenty, and if we can hold above a dollar twenty, i think this thing is going to be off to the frickin Races, so that is what i have for the update today on ticker symbol biol.

I will continue to hold this. My grand take away on the stock is. This is a great swing trading opportunity i would continue to hold into friday. If i was in your shoes, that is what i'm personally doing, of course, make your own due diligence, be completely satisfied, walking away.

If you are up money, if you are worried about losing your money right, it's never bad to nickel and die in the market. I always recommend that um, but i am personally going to be holding this into tomorrow. I'm going to be looking for a price target of about a dollar thirty to a dollar fifty and if we continue to see bullish momentum, meaning if it looks like a lemon tastes like a lemon smells like a lemon, it's probably a lemon. I will continue to ride the momentum and once we see a trend reversal, i will take profits and walk away, a very happy guy.

So that is what i have for the video today. If you enjoyed it, 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.

Tubebuddy is an seo optimization website that i personally pay a nine dollar per month. Membership for it is highly retribute 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 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 and make some fat filthy, freaking profits. So 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

22 thoughts on “Biol stock grand slam in the process! // biol stock update today technical analysis”
  1. Avataaar/Circle Created with python_avatars Philip Raimondo says:

    down to almost $1 Thinking this might be a get in price…

  2. Avataaar/Circle Created with python_avatars Jesus Salomon says:

    Really interested in buying into this stock. I’m more of a long term investor, but I am definitely interested in snatching a profit on BIOL if the entrance price is right. I’m think of setting the entrance price at 1.09 flat. Any thoughts? Of course we’re going to have to see what the conference shares, but what do you believe would be a good exit price?

  3. Avataaar/Circle Created with python_avatars Theo says:

    You were about at 10k subs just yesterday now its 11k

  4. Avataaar/Circle Created with python_avatars Tank of Designs says:

    Maybe long term, they have been around since the early 90's. Can reach $7-10 fasure

  5. Avataaar/Circle Created with python_avatars MrMcGenerous says:

    Trey quick question. I think a lot of money is being spent on Discord/Patreon. Is there a way to invest in Discord?

  6. Avataaar/Circle Created with python_avatars Jesus Bolanos says:

    You should look into GTE. Looks like it could have some potential

  7. Avataaar/Circle Created with python_avatars Move WithPurpose says:

    Yes, bio about to break again tomorrow. It just broke resistance again right now!

  8. Avataaar/Circle Created with python_avatars Tung Nguyen says:

    Hi guy. What is the target price for this ? Thanks !

  9. Avataaar/Circle Created with python_avatars Johnny says:

    Will the $5 patreon be enough? Or will I be missing out on a lot of news and information if I don’t get the more expensive ones. Love your content btw. Appreciate what you do for us

  10. Avataaar/Circle Created with python_avatars Lazy Lazz says:

    This content is amazing…. Great, great great!!!!!!

  11. Avataaar/Circle Created with python_avatars mnasonj1 says:

    INUV and SENS are dropping hard…should we bail?!?

  12. Avataaar/Circle Created with python_avatars Joe Gardner says:

    In at 1900 shares!! Looking good on the charts… hopefully no R/S on the special meeting of shareholders.

  13. Avataaar/Circle Created with python_avatars Tommy Huynh says:

    Hey chris are u gonna be making a crnt video?

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

    Brother. This stock hasn’t even started to run yet. The Waterlace laser system this company has(as you know) just gotten approval to be put in dental offices all over the country. That process will logistically take a while. This is going to be such a great long-term hold. I will most likely pass this stock on to my kids! Lol. I saw about 20 1 million dollar orders today on BIOL. Sure, the meeting could be a negative thing. But, these guys are just starting to move and implement their technology. Congratulations on the movement up!

  15. Avataaar/Circle Created with python_avatars Dee says:

    Bro why haven’t you mentioned BEST?

    I just found out this little gem has something with alibaba

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

    Can you look at KZIA? Brain cancer stuff.

  17. Avataaar/Circle Created with python_avatars Duke Crumly says:

    Trey, absolutely love your passion. Yet please inform your followers that the board is convening tomorrow to vote on a reverse split which the board is recommending to vote in favor. Generally it is a kiss of death to any company to execute a reverse split nonetheless every situation is different. Its was filed 12/11/20 with the SEC for everyone to review. They may change their minds tomorrow I suppose but it will be very influential in the behavior of the stock tomorrow. Proceed with caution. That being said you made me some excellent money today as I had to monetize when I found out about the agenda of the meeting. All the best.

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

    I really appreciate your dedication and hard work in keeping us in the loop about specific ongoing penny stocks especially (ZOM) and (BIOL). Much thanks 🙂

  19. Avataaar/Circle Created with python_avatars Josh Centanni says:

    Sold for 60% profit at $1.02 early afternoon. Bought more at $1 for next week.

  20. Avataaar/Circle Created with python_avatars JT 1111 says:

    I think this is a great company for a long term hold I sure would rather have a laser on my teeth instead of the drill.

  21. Avataaar/Circle Created with python_avatars Minhaj Uddin says:

    They are due for a reverse split tomorrow. Could possibly tank the price.

  22. Avataaar/Circle Created with python_avatars tawnie says:

    first! hey from va beach. been cashing in on your awesome advice

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