What is up, everybody welcome to trace trades, where you have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks. I'd like to preface by saying that i am not a financial advisor nor expert, i am just some random dude on youtube, 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 pretty bad 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 i'm not only now financially free, but i'm doing pretty well for myself.

So if i could pass along any of the information resources or tools that were given to me and make your lives a little bit better, that's all that i can ask for. I did recently just create a patreon now this was uh recommended to me requested actually by a couple of subscribers uh. It is getting kind of hard, i'm not going to lie the growth of this channel. I did not anticipate it's getting tough to keep up with all of your comments, and this is going to act as a great way for you to ask me any questions that i can answer in real time right.

So if you'd, like any updates on stocks, it'll be a live discord uh, where the community can share different things, uh talk about different plays, get in and out. We can set price targets, entry points, exit points and the whole nine yards. So i do have a growth tier, which is ten dollars a month which will have patreon updates, as well as a chat community and then the 25 per month, which i call the tier of filth, uh. It has an additional piece where you will receive my personal phone number for real-time answers to investing questions.

I would prefer, if you don't blow up my phone, you know one to two a day is okay, uh yeah, i am a busy guy. I have other things that i do, but this is uh going to give you access to my phone number. So that is the last thing there and with that being said, let's get right into the video uh. Please drop a like.

If you would not mind it. Does help support the channel, consider subscribing anyways uh. This was a subscriber requested stock. It is ticker symbol, c-h-e-k check cap ltd, and this was brought up to me by about four or five subscribers.

I will give credit to them in the description box down below, but i wanted to get this to you guys tonight, because i don't want you to miss out on the potential run-up that this stock could have. It is looking very similar to bionano, bngo and jagx. We're seeing a pretty major gap up right here in the after hours, and that is beautiful. I am seeing uh i'm seeing a very similar trend to bng all.

However, you know this is a penny stock. It is very cheap on the valuation scale. So it is. It is risky, it is speculative, but we are going to lay out some levels of entry for you guys and potential exits so that we can do the best that we can to get in and out of this trade in a good way.

So we do have support currently sitting at a dollar 64.. This is a prior level of resistance that we have pushed through in the after hours market. So i would imagine that we retest you know and fill the gap that we've kind of made here in the after hours, so do watch for that if we do drop down to a dollar 64. That does seem to be a pretty solid entry point and then obviously resistance is going to be sitting at where we peaked out at in the after hours.

You know it is very possible that we run up past this in the pre-market tomorrow. So if you are able to wake up early and get into this stock, uh asap, that is probably the best way that you can do. This you're gon na be able to get ahead of the regular market, the crazy volume, the crazy volatility that is going to follow on the stock. Now, if you look at the rsi indicator, which is the relative strength index, we are at 92 and anything over 70 is extremely overbought.

So i have a feeling we're going to see a pullback in the pre-market and possibly a limit order, sell-off in the regular market hours right off the bat. But if that does happen, it is a. It is an opportunity to get into the stock. And if you look here at the volume we've only seen one day of really crazy influx here and right here, we had a little bump right, so i do think we're likely to continue this trend.

However, i'm not a financial advisor, i'm not a wizard. I can't predict the future so make sure you do your own due diligence, but if i had some extra dry powder laying around this is a stock that i would get into. Unfortunately, i am currently in jag x. Well, not really.

Unfortunately, i'm up i'm up 80. In a day, that's not bad and i'm also an ocg and, and that stock seems very promising as well. So i will not be getting into chdk. However, if i could, i would let me put it that way, so do be looking for a possible entry at a dollar 64..

If you look at the one day, one minute chart in the regular market hours, it does look like. We have a couple of support lines. If we do drop below this dollar 64 range, we will be looking at about a buck 46 as the next level of support. We do have one two three four different uh touch points here.

You know we had a false breakout came back up and when we pushed through that we saw the crazy parabolic growth. You know we are up about 64 in the after hours and 215 in the regular market hours. So this stock has been absolutely filthy and i have a feeling that the trend is going to continue. If we look here at the volume weighted moving average, you can see that we have been completely bullish and we have gone on a crazy run for the last four days.

You know four days ago we were at 35 cents, so if you got it at that moment in time you were doing extremely well and i am very happy for you, pat yourself, on the back. That is absolutely filthy, but i do think there is still potential in this stock uh be wary, though, because it has run up a lot. We are up from 30 cents. You know this is uh nearing 1 000 margin of return in the last four days.

So there is potential for a pullback and a pullback will happen, but we do just see this volume really starting to spike and i think there's going to be some hype. Some momentum, some bullish upward pressure, some buying pressure and if this rsi indicator in the pre-market corrects itself down - and we see some overselling - that may be a good opportunity for you to get into this stock. So watch to see if we have some crazy volume in the in the pre market, you know anything near this range of 1.6 million to you know anywhere 500, 000 and 1.6 million in a uh 60 minute window. You know that's a pretty good indicator that we're still going to have the volatility and the buying pressure behind this stock and try not to buy in at this all-time high of 239.

I mean if you, if the market opens and immediately right off the bat we see some buying pressure and this stock pushes up past resistance. That might be a different story. Right there's different ways to play it, but we try to buy stocks as cheap as we possibly can, and this dollar 64 range looks like a solid support and even better if it drops back down to 1.46. That is a better entry point and a great way to see a return on your stock.

If we look at jag x today, right jag x had a very similar retracement to chek in the regular market hours we we saw. You know this. This pretty solid, run run-up and then right at uh the end of the day. We saw a solid spike and the same thing happened yesterday guys we saw this this huge movement in uh and not normal, not regular trading hours.

So this is looking a lot like jag-x and it's looking a lot like the ngo. If we zoom out here on a five-day chart on the ngo, this is looking pretty similar guys. It was 95 cents five days ago and we saw these same movements right trends. Are not by coincidence they are, they are data that you can pay attention to.

We saw this huge spike. The spikes keep continuing and chdk is looking like. It may be the next runner so um. I personally do think this is a solid penny stock to get your money into.

If you have any dry powder laying around, i do think it is worth looking for this dollar 64 inch to get into if we don't drop down to that anything under two dollars. I think is going to be pretty solid. A buck 90 is even better, but do try to get in around 1.64 and if we do drop below that support, a dollar 46 is a perfect entry point. I think the stock is going to continue its bullish momentum.

I think that we are going to have some immense buying pressure, because we have only had one day of immense volume right. This is starting to pick up traction, and typically you don't see traction for one day. I don't think this is a pump and dump, because you have seen continuous growth over five days right and that's not what a pump a dump is pumping dump is like or two days, and we have not seen that whatsoever. So i do think the potential is there and keep this on your watch list.

If you can wake up early, i do think it's worth getting into so i hope this video was helpful. I've been pretty spot on with my penny stock picks over the last three days. Ocgn jagex and bngo have all gone up over 100 and i called all of them going up multiples of 50 or higher in margin. So if you got in on those plays, i'm very happy, you guys made some solid cash.

You know i'm very happy. I made two thousand dollars today and if i wasn't down a couple grand in uh microvision, my portfolio would be looking really nice. So i hope you guys are very satisfied with the video if you enjoyed it, 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 a link to tubebuddy in the description box down below now.

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So that is all i have for the video today. Thank you for watching my friends and i will see you all next time. Peace.