All right, i've gotten this question a couple of times now and when i say a couple of times, i mean probably like a hundred i've been asked by a few people. What's the tattoo on your arm there, you go guys, there's your peak! That answers your question. What is up, what is up, everybody welcome to tracerates week of technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks, i like to purchase by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt.

Let's get into the freaking video today we're gon na be covering ticker symbol, b s, q, r b square uh, which is part of the nasdaq here. This has been a request by quite a few people, especially over the discord in the patreon. So i'm very interested to talk about this stock today. I think it's actually got some pretty decent potential.

Uh we're gon na look at the fundamentals of the company. Why? Why should you invest in the company? I don't currently have a position in this stock. I'm currently sitting in agtc nokia, an amc in my weibull account and then over at my fidelity account. I have another couple: different stocks, including you know, um bb, uh, nokia, clwd, snpw, mvis, right and uh.

I am thinking about getting a position in the stock, but i don't currently have one i'm just gon na give you the information. As i see it, we're gon na look at the fundamentals. What the company does right, any recent news articles explaining why we might have seen this run up, why it might be worth to get into it now that it's pulled back right. We're gon na look at the financial situation on the company, see if that matters whatsoever and then dig into my favorite part, which is the charts we'll look at the one month chart as well as the one day one minute chart to give both a macroscopic and Microscopic perspective price action right then i've got three different indicators pulled up the rsi, which is a relative strength index.

Anything over 70 is overbought. Anything under 30 is oversold, and then this purple trend line is the 200 ema. This blue trend line is the 15 day. M8 200 dma is the exponential moving average and this is a price action-based valuation trendline over a 200-day moving period.

The 15-day ma is the moving average. Some brokerage accounts call this the sma, the simple moving average, but this is a price, action-based valuation trend line over a 15-day moving period. We use these side-by-side, so we can get an idea of recent price action that is breaking above um long-term price action to predict future breakouts. These are tools that i use to predict the jagex and bngo breakouts way back about a month and some change ago.

Uh when we hit those plays as good home runs so we're gon na look at all these charts right, we're gon na look at all these trends. Give you some entry points and exit points potential for the stock here right ways that you can play this out. Personally, i think, if i do get into this, it would be as a midterm hold or a swing right, but i will present the information to you guys and you make the decisions for yourself. Let's get into the video we've got a lot to cover now.

What is this company? What do they do? B-Square corporation is focused on providing software solutions and retail related, not retail, related engineering services to businesses that develop market and sell, dedicated purpose stand-alone intelligence systems. Company standalone intelligence systems include smart connected computing devices such as smartphones, setup boxes, prints of sale terminals, kiosk tablets and handheld data collection devices, as well as smart vending machines, automatic teller, machine atm machines, digital signs and in-vehicle telematics and entertainment devices. It focuses on systems that utilize microsoft's windows, embedded operating systems as well as devices running other than other operating systems such as android, linux and qnx software systems, and there are connected and that are connected to a networked cloud uh via a wired or wireless connection. Its customers include original equipment manufacturers, original design, manufacturers, corporate enterprises, silicon vendors and peripheral vendors and if we just check out their website real quick, i do already have this pulled up for us.

Let's take a quick peek at what these guys do be square. Our technology is powering the next generation of intelligent devices and systems, so they are a technology company they're, an intelligent devices and systems company. We help companies realize the promise of iot through the development of intentional intelligent devices and systems that are cloud enabled share. Data seamlessly facilitate distributed, learning and control and operate securely at scale.

We believe that iot enabled systems cannot only deliver value to our customers, but can also help people make better use of the resources of our planet. V-Square, suite of services and software components create new revenue streams and operating models for our customers, while providing opportunities for lowering costs and improving operations. So, let's just take a quick peek here: iot solutions for the modern enterprise they've got embedded software and services, software and services; 24 7 operations; services right, so they're, a huge huge tech company and there's a lot of money tied in tech companies right. I think of right off the bat now this is different right.

This isn't quite the same thing, but nano dimensions is a 3d printing uh technology oriented company a lot of money tied to that right, uh their overall customers. You can see right here, they're partnerships. This is what catches my eye, we partner with leading hardware, software and cloud technology partners, including microsoft, amazon, web services, intel and cynics to accelerate development and implementation of systems that operate securely at scale and avoid proprietary technology. Lock-In guys look at this microsoft and aws.

That is all you need to see to see the potential here, my friends that is insane anytime. You see these huge powerhouse companies like microsoft or aws, which are basically the kings of connection network connection, right, microsoft, being data connection, aws, being um, delivery connection right, they've got this huge web and basically no cost to revenue right the amount of money it costs them To make these things happen pretty low, but the amount of money they generate extremely high. So when you have a partnership with companies like microsoft or aws, which are basically the powerhouse, the king of gorillas across the gorilla gang here in the in the market, that's insane that is absolutely huge and fun, and that's that's that's all. I need to see to see that there's a lot of potential in this company guys if, if aws and microsoft have a partnership with with b-squares we're seeing right here, i see a lot of potential.

I've got a news. Article pulled up as well from february 5th, 2021 uh, and i want to just read this to you: 11 things for potential b-square investors to know as shares soar. Well, let's read these through beast work. Call seattle, washington, it's home.

In addition to its operations, the united states, the company says it also has a presence in the uk broadly, it wants to help its customers build the next generation of intelligent devices. Why it believes these systems will make people more productive and enhance quality of life. Additionally, b-square thinks intelligent devices and systems reduce demand on natural planetary resources. Investors should know that there are two avenues: b-square uses to fill to fulfill its company's goals.

The first is selling internet of things licenses to original equipment manufacturers oems. The second is through designing and employing iot systems for its customers, so they really do focus a lot on this. This uh intelligent devices, operation right. That is huge.

That's huge! Some of the specific solutions it offers includes its uh b2 iq, imaging and recovery tool which helps manage the operating system image of a windows-based device, which would make sense why we see that they have a partnership with microsoft right some of the specific uh we already Read that another solution is b2 iq edge to cloud suite. This is a collection of software components to help connect edge devices overall b-square provides these solutions in north america, europe and asia seems like a pretty solid slam. Dunk stock, my friends looking at their financials over the last year, they haven't been profitable, which is why they're penny stock right. You do keep that in mind.

Currently, the stock is trading at uh about three dollars and 36 cents did see a pretty crazy, crazy run up here, but i think there's a lot of potential in this company. I i genuinely do think that i don't have a physician. I have no reason to pump this at least bit right, but previously their overall gross profit, nothing crazy, 10.10 million dollars down from their previous year uh about 34, and that year was down as well from their previous year. So they've been they've been stagnating.

A little bit, it's gon na take some work for them to become a mid to long-term company, but seeing that microsoft and um aws does have a stake here, uh, that's that catches my eye. I feel pretty good about that. So now to the mean potatoes. What does the chart look like? Why does the stock matter? What should you do if you want to get in right? Well, the retracement was disgusting, not good at all, very very rough, and this huge huge pump, this huge spike right and uh.

We see some nasty candle wicks up here, typically indicating some weak buying presence we weren't able to keep the stock up. Typically, this indicates a little bit of pump action right, a pump and dump, but what i like to see that gives me confirmation. This might not be the case. Is this huge green candle bar? This is an engulfing candlestick pattern, and this typically indicates a trend reversal or bottom.

So we see this this small little red candle right here. This little doji candle, followed by this nice, wide range green candle bar here in the after hours, which typically indicates a trend reversal. That is called an engulfing candlestick pattern. I'll draw this up for you just so you can really see it.

Engulfing candlestick pattern would be something like this. Maybe you've got a small red candle as such, followed by a larger green candle engulfing the red candle. This is an engulfing candlestick pattern, so just keep that in the back of your mind when you are looking at what that means, that is typically a trend reversal. If you are interested in that - and that indicates to me this is the bottom - about 2.93 trading.

Right now, at 52.76 on the rsi, i could very well drop lower than that. What would it look like? Well, let's take a quick peek. We do know that we have another level of support right about here at two dollars and sixty cents. Now this is not a very strong level of support.

Keep that, in the back of your mind, we only have two candle wick touch points. I typically look for three at the very least so take that for a grain with a grain of salt, the strongest touch point back from there is going to be right around here at about a dollar ninety nine, which would be over a 100 retracement. I find that very, very, very unlikely, no matter how weak a stock is typically you're, not going to see a 100 retracement. I think worst case scenario: you'll see this drop to about 265.

But what is a good entry point here right? Well, first, we need to look at this. We got the crossover between the 15m and the 200 ema. Typically, a sign of an upcoming bullish run, which we did see. We see a huge pump here in a pullback, but that does not worry me too much, because we did see the bounce that bounce does look very promising.

I do like to see that the rsi currently training at 52 means this is just a hair over neutral. Just a slight slight amount overbought right overvalued, though you can get this at a little better price. I think a great great entry point for this is gon na, be that 293, where you did see that nice bounce. So if we get a double bottom, which is what i call a george, w george w being a double bottom, meaning all right right here - you see, we bounced once see it come back up, maybe a little bit and then it bounces again.

You see a retest see a retest of this level right here at 290, followed by another wide range, green candle bar and a golfing candlestick pattern, like you saw previously, it will form what is generally known as a w formation, a double bottom. That is what i call the george w you can see that forms this nice w formation. So if you do see this come to fruition and you get the opportunity to buy a 290, you see a nice wide range candle. Stick that comes in for a trend reversal, guys, that is a george w.

That is a double bottom, that is a good bullish, reversal indicator and that will to me signify that it's getting ready for the next run. This could very well dip back beneath, but this does look like it is set up for a pretty filthy run. My friends uh it's uh, it's looking absolutely disgusting on the charts here. I really really like that.

Uh that huge reversal, candlestick pattern - that is, that is crucial. Otherwise, i would say this is probably a dead cat, but we're looking for consistent volume right at least somewhat close to what we've seen here previously. It might take some days to play out. It might consolidate for a while, when a stock rips that much right, you're, not you're, not probably going to see that same same amount of movement in a you know, similar time period, so watch for a little bit of consolidation watch the trade sideways for a couple Days, you might see it go up and down a little bit, but if you get an entry at 290, i have a pretty good feeling within the next.

You know two three four weeks, you're gon na see a pretty nice run up on bsqr, just based on how the charts look right now coming over here to the one day one minute chart for any last minute confirmations. We did see this initial huge, huge pump. All the way up to about two dollars and eighty cents what happened? Well, we see this ascending level of uh, this descending level of resistance, which was a false break. Here we did get essentially a double double top uh a little bit right and then we did break beneath that and we broke beneath this ascending level of support and wants me to break this uh, this upward moving channel it did.

It did sell off pretty harshly right. We saw an attempt at holding um right here and we did break beneath this with a wide range candle bar right. You can see that right now wide range candle, i'm going to adjust this trend line accordingly, once we broke that with that wide range candle, it did sell out pretty hard finish the day with the 15 ma training underneath the 200 ema, and it did come back Up here in the after hours, so that is something to keep in the back of your mind, but you know macroscopically speaking, this is so extremely bullish, and this is just presenting you an opportunity to get into the stock with a little less risk. So i don't mind the pullback guys right: uh traders are the only people on the planet that will buy us, buy something when it's overpriced and sell things when they're undervalued.

We don't do that. Traders don't do that t-r-e-y-d-e-r-s, us traders. We don't do that. What we do is we buy the dips and we sell the freaking rips.

It's a nickel and dime over time, my friends, so this is a great opportunity right now. This is a big dip opportunity. It's an opportunity for you to buy in without a lot of risk and quite a bit of upside. If we look again at the one month chart right now, it's trading at three dollars and 36 cents and it touched 880..

You can see the potential here. My friends there's a lot of potential with bsqr, and that is what i have for the video just a double down. Good entry point will be somewhere between 260 and 290.. I find 290 to be the most realistic entry point into the stock.

But if you do see it slipping below that 260 is going to treat you extremely well, and that is what i have for you guys today. 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. Lastly, i have an affiliate link in the description box down below for weeble.

This is version 4 for the desktop great platform. That's got a great charting setup uh. If you do use my link, you get two free stocks with a 100 deposit. Obviously you have free stock great to support the channel.

If you're not interested. My friends, that's totally fine. I just appreciate your support by taking the time to watch my video, so that was what i have you guys today. Thank you for watching my friends and i'll see you all next time.

Peace.