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Hot Penny Stock Play: Chek Stock is a clinical stage medical diagnostics company engaging in the development of ingestible imaging capsule system for colorectal cancer screening. In this CHEK stock update video, we cover 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.
CHEK Stock Fundamentals: https://www.marketwatch.com/investing/stock/chek
CHEK Stock StockTwits: https://stocktwits.com/symbol/CHEK
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What is up everybody? I hope you guys enjoyed your weekend. I had a great time i hung out with my friends drink some whiskey on the rocks. I tried on something called bird dog. It was a blueberry flavored, whiskey really enjoyed it.

If anyone out there has tried it, let me know what you thought. I thought it was pretty decent welcome to trades trades, where you get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise 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 thousand dollars deep into medical debt, and i was very fortunate to have some clothes.

Excuse me, family friends and mentors that pushed me to work really hard and invest my money and i'm 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 to you guys make the community a little bit better than it was before. That's all i can ask for and guys i got my undergraduate nutrition, so i'm telling you anybody can learn how to be a good investor and a good trader in the market. Lastly, if you would not mind dropping 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.

As i do post videos every day and i will be giving a new uh penny play. Playlist video every single sunday, so if you are interested in watching the triple p baby, uh make sure that you are subscribed to watch the action now quick shout out to the guys over at the patreon we did have some new members join us today. We are currently sitting about 98 members, strong lion, justin sand, dollar jay, biardini, uh, tarik, angie, jeff, ian tan uh. If i said your names wrong, i really do apologize.

I appreciate your support so much. They will have access to the private discord as well as uh. Real-Time insight to my personal trading uh, so, if you're interested in that there is a link in the description box down below now. Our last penny play that i'm gon na be keeping on.

My watch list is ticker symbol. C-H-E-K. We are watching um four different stocks right now and these all have great potential. So i think, no matter what you decide to pick from whether it be acst zone, azrx or czech.

I think you're going to have a lot of success right and we have great confirmation from all these stocks. I did spend a lot of time scanning. I looked at over 100 stocks in the market for our next penny play and these all have great potential. There are great bullish runs and they all have a lot of huge um confirmations that we should continue to see some upward movements.

So we're going to discuss the macroscopic and microscopic view on this i'll show you the one month in the one day, one minute chart we're going to talk about the overall volume. The rsi indicator, the relative strength index. Anything over 70's ever bought. Anything under 30 is oversold we're going to be talking about uh current support and resistance levels.

We're going to talk about the 200 ema exponential moving average, which is a 200-day moving period. Average valuation based on the price action we've seen over 200 days, as well as the 20 day vomit the volume adjusted moving average, which is a 20-day average valuation trend line based on uh overall volume, which is factored in as well as price action. Over a 20-day period um so before we get going, i just like to show you guys what the company is, what they do so i've got them pulled up here on uh marketwatch check. Cap ltd is a clinical stage.

Medical diagnostics, company, in engaging in the development of ingestible imaging capsule system for collect color, come on what's happening here: colorectal cancer screening. The company was founded by kimchi in april 2005 and is headquartered in israel. Man. That's some reach we're looking at all sorts of stocks, guys uh check check does have a pretty decent following on stock to it's 19.

000. So nothing crazy. The message volume is slightly up, so you know we are, i wouldn't say, quite beating the hype. This is.

I have a pretty neutral standpoint on how many people are talking about check at the moment. I do think it's it's flying a little bit under the radar, but it is definitely picking up momentum picking up steam. So this is not quite a you know, a beat to hype kind of play like we're looking at with azrx or acst, but there is great potential here now. One thing that i don't particularly like about check cap.

You know company as a swing trading opportunity, as i have not found any upcoming news catalyst in the next week, um for this stock and as a swing trade. I tend to hold my place for anywhere between one to five days or so, and that is one of the confirmations that i look for in a stock right. So we look for you know confirmation on the technical analysis, side of things we look for a bump. In volume uh, we look for you know getting ahead of the hype.

We look for that crossover on the vama and the ema we do have most of these confirmations right. That's why i'm presenting this to you, but we don't have that news. Confirmation that i typically look for as public relations financials press. Any sort of news that that releases on a company that is positive is something that we can predict right and the more that you can predict in the market, the better off you're going to be, as it mitigates your risk, especially with penny stocks in this company.

As far as penny stocks go, the risk is not quite as high. We are currently sitting at 1.66. We have great consolidation that we're seeing, but i just want to be completely transparent with you guys, so that you are aware that i have not found any upcoming news release on check now. If you have anything, please drop in the comment section, so the community here at trace trades can read that and make you know a great financial decision for themselves, but that is something i wanted to bring to your attention now.

My game plan for monday is to sell out of my current positions in jag, x and pte. I will be getting out of these monday morning. I will make a video as well um. You know that day.

I'm talking about you know the exit point. What i'm looking for, but we are going to absolutely crush these guys. You know i gave you guys jagex, probably four or five days ago we beat the hype we got in on this stock and made an absolute killing. I'm up 250 and pte is gon na.

Be another huge runner. I do see this touching two dollars and i am lowballing this guys. I've seen some price targets set as high as three dollars within the next week and that would be absolutely filthy. There'd, be another huge hit.

The ball out of the park play and uh - i will be selling out of these to get into one of the four plays that i presented to you guys either czech zom, azrx or acst. So we do have some pretty solid confirmation on the charts here that i'm seeing at this moment we did have a crossover on the uh, the vama over the 200 ema, which is a very bullish indicator. And typically this indicates you know an upcoming uh bullish run and we did see that come to fruition. We saw a slow climb in volume, a huge spike in volume and uh.

You know a very harsh run-up, so that's looking very nice, you know. Ideally, if you got into this, when i presented this to you, you know back uh, four or five days ago, you'd be sitting right about here, so hopefully didn't buy into that high, like i informed you to uh to white in the video, because we did see The pullback that i predicted down to about 66, which was a prior level of resistance, and i did have that labeled and if you're, able to buy in at this level of support, you're sitting really nice right now, guys so 1.66. Currently has a nice acting level of support. I really don't see us breaking beneath that, but if we do um we're looking at about 1.47 and keep in mind that if we do break below this level of support, we will break this uh.

This bullish flag formation that we're seeing right now. You know we have the flagpole right here, a very sharp and steep run-up, followed by a consolidating and tightening of price action, which is usually coming from buying pressure right. So if we do break beneath this bullish flag, i would expect a pretty harsh sell-off, so just make sure that you keep that in the back of your mind, this level of support is beneath that bullish flag. So that is something to watch for on the stock.

If you do have a chart pulled up to look at now. Another thing that i don't particularly like is that we are decreasing an overall volume on check and that is going to come with a decrease in overall volatility, and i've said it before on this channel. But if you're new volume drives volatility and volatility drives higher price valuations and we are going to be looking for a confirmation, a bump in volume, just a small one, two or three times the usual trading volume, a small bump and unusual trading volume is the indicator That i'm looking for, if i'm going to pull the trigger on check. This is probably my fourth favorite out of the penny stock plays that i presented to you guys, but it does have potential and we do have great confirmation on the technical analysis side of things.

We are having some very bullish formations, the rsi indicator. If we take a look at this, we are currently trading neutral, so this does seem like a pretty solid opportunity to buy into the stock. I like this, the most out of the four that i presented to you as a buy. At the moment.

We are it's a very safe buy. I would say the risk is pretty low. Um make sure that you are mitigating your own risk and come to terms with the fact that anytime, you invest your money or trade. Your money.

With a penny stock play, you might lose right, we're not going to hit a home run on every single stock. It's all about mitigating the losses, keeping them as small as you can and capitalizing on the the hit the ball out of the park plays that that we're presenting to you guys and that's why i'm showing you all four of these, these penny plays as opportunities to Get into that way, you can decide for yourself what will suit you the best with your current situation, now uh in the past, you know coming off of neutral territory. We do see you know some pretty steep movements, so we're going to be watching for some increase in volume that will probably push the rsi and indicator up to 70, plus and anytime. We do see that you know the sell-off.

The correction has been not too bad. You know we're looking at values in the mid 40s, the the mid 30s. So you know we will likely see a correction if we have a run-up again. So just keep that in mind when you are swinging the stock and also keep in mind that we don't have any upcoming news catalyst that i have seen.

So it is a little more unpredictable than penny stocks that we do have all three confirmations. We've got great technical analysis. We do have that bump in volume. We do have an upcoming news, catalyst that we can predict um and i'm not seeing that right now on check.

You know we are having a phenomenal bullish flag set up here. It looks extremely bullish. We have the crossover on the bomb over the 200 ema, which is something i always watch for when i'm getting into it. Penny play um, but that's just something that i want you guys to keep in the back of your mind.

Now, overlying theme of resistance that we're going to be watching for is going to first be a break over this uh. This trend line that we're seeing right now, this uh this flag formation that we're seeing if we do push above that, you know we're probably gon na, be looking at a dollar eighty nine and then, after that, i would not be surprised with the run up to Previous highs sitting right around two dollars and ninety cents, and if you get in right now to buck sixty five and we reached this two to ninety - that is a home run and you you absolutely crush that stock. Take profits, you're doing phenomenal. If you see a push through to 290 over three dollars, you know you can ride it until you see a pullback, but just be cautious, make sure that you're locking in profits.

You don't want to leave money on the table just because you got a little bit. Greedy right we're in a business we're not here to uh to to gamble we're here to make you know, chump change here and there to build our. You know our positions and our portfolio slowly over time, and that is uh. That is a great way to do that with this swing trading opportunity.

So you know this is a pretty solid, looking setup. I am liking that the only thing that i'm not really liking on the setup is the volume decreasing. So the volatility is decreasing at the moment. I will be watching for a bump in volume on monday and if we do see one well, that'll spark my interest and i'll have a little more interest in check, and i will update on which of these four plays.

That i get into just so you guys are aware of that now. If we do change this to the two day, one minute chart right now i'll change this to one minute: real, quick uh, it's looking looking pretty decent, we do have support levels sitting around. You know 1.55 followed by right around, i would say 1.59 and then we are currently floating and flirting right above that uh dollar 65 support level. On the one day chart we did test out some price action here in the the 178 range and then a hair.

Above that, at about 1.80 and then in the pre-market, we did test out 189., so you're gon na be watching for these as opportunities. If you are looking to day trade the stock, i would not personally short the stock as the one month chart is extremely bullish and we have a lot of bullish confirmation on the charts with that bullish flag with the crossover of the vom over 200 ema. So the the risk is higher if you are going to short this stock, so just keep that in the back of your mind, but if you are looking to do so, you may want to watch, for you know a spike like this, where we test the level Of resistance, you see some rejection, sell your sell. Your shares write it down to a previous level of support.

You see, a bounce, buy them back, take your profits and you did pretty well for the day. Just be very careful if you do decide to short this stock, as it is a little more risky than you know, a down trending stock, it would be trading against the grain per se. So that is what i have for the update on ticker symbol. C h, e k check cap ltd uh.

If you enjoyed the video, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this. As i will be, posting a new penny play stock every single sunday on uh on the channel, so if you'd like to keep up with that, that's a great way to do so. And lastly, i have an affiliate link in the description box down below for tubebuddy.

Now tubebuddy is an seo optimization website that i personally paid 9 per month membership fee for it, and it is a great tool to help get your videos into the eyes of your intended audience. So if you are a content creator, or else who are looking to become one, i could not highly recommend this enough. It helped me grow from zero to 4.5 000 subscribers in three weeks, and if you use my link, i will receive a commission off of your purchase at no extra cost to you. It is a great way to support the channel and, if you're not interested, that's totally fine.

I'm just glad to have your support by giving me your time and watching the videos. So that's what i have for you today. Thank you for watching my friends and i will see you all next time. Peace,.


By Trey

21 thoughts on “Chek our next hot penny stock play! // chek stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars Vamp Shkreli says:

    10 day over a dollar nasdaq requirement expires this week is a potential catalyst

  2. Avataaar/Circle Created with python_avatars Chris Sal says:

    Thanks for the info

  3. Avataaar/Circle Created with python_avatars Myron Bradley says:

    Great video ๐Ÿ“น ๐Ÿ‘ 11,800 shares CHEK

  4. Avataaar/Circle Created with python_avatars AKTV says:

    LETS GO ๐Ÿš€๐Ÿš€๐Ÿš€

  5. Avataaar/Circle Created with python_avatars Mr.Rockin udaya says:

    holding 25k share 2.10
    shall in sell tomorrow?
    worried
    plz help me

  6. Avataaar/Circle Created with python_avatars daviddang82 says:

    Time to get back in… has some potential to make more money.

  7. Avataaar/Circle Created with python_avatars Shane Baxley says:

    I went for the first ride on CHEK and made a nice $. Think I am going to jump in again tomorrow and see what happens. Makes me more confident that you are looking at it as well.

  8. Avataaar/Circle Created with python_avatars Ryan Peralez says:

    I'd love to send you some whiskey samples. I love whiskey too!

  9. Avataaar/Circle Created with python_avatars Boomstick says:

    Love the mention of the drinks at the beginning, you deserved it after a big week

  10. Avataaar/Circle Created with python_avatars Mr. Barren Wuffett says:

    Nasdaq compliance 1/13/2021. FDA approval imminent.

  11. Avataaar/Circle Created with python_avatars Moneyking Kevo says:

    I hope this stock sky rocket to 10 dollars

  12. Avataaar/Circle Created with python_avatars BULLISH RECORDS says:

    Thinking about hopping in for Monday, hope I don't get in too late,have you ever thought of giving tutorial videos ?

  13. Avataaar/Circle Created with python_avatars Bigtree says:

    Great video here, it takes just few individuals to be successful when it comes to investing in crypto currency with the right stock broker.

  14. Avataaar/Circle Created with python_avatars Kevin Olsson says:

    If FDA approved they will rocket up to 3-4$!!๐Ÿš€ they are already confirmed CE in Europe๐Ÿš€

  15. Avataaar/Circle Created with python_avatars entrapment of success says:

    13th is is compliance for nstq.

  16. Avataaar/Circle Created with python_avatars Royce Leonardo says:

    So Nice ๐Ÿ’˜๐Ÿ’˜๐Ÿ’˜๐Ÿ’˜๐Ÿ’˜๐Ÿ’˜

  17. Avataaar/Circle Created with python_avatars Edmund Kwok says:

    chris sain, uncle larry and stock moe are my favorite youtubers for sure but i have recently found your page and you have just been blessing us with these uploads consistently everyday. subbed and joined your patreon!

  18. Avataaar/Circle Created with python_avatars jay gill says:

    CLWD ๐Ÿš€

  19. Avataaar/Circle Created with python_avatars Sire Jordan says:

    I literally took profit of $600 last week on CHEK.. guess it's time to get back in possibly

  20. Avataaar/Circle Created with python_avatars Adam R. Productions says:

    Hey, CHEK should get the response from the FDA next week about FDA approval. They filed during their earnings. Check out Walrus Street for more info

  21. Avataaar/Circle Created with python_avatars Tim Reimann says:

    Jooo, ACST, CHEK are my stocks since 2 weeks and now you come around with them ๐Ÿ˜‚ great man

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