I've got what could be a pretty good one today, guys, i'm excited i'm excited to talk about this ctrm. I've covered this before on the channel a lot of potential coming up here, so let's just dig right into the meat and potatoes. What is up, everybody welcome to trey's trades, where we 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'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 30 000 deep into 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.. I always laugh. I remember there was a comment once i said. I can't wait until he says at the age of 24..

Well, a day's coming june. 21St. Is my birthday so if i can pass along any of the information resources or tools are given to me here, the community make a couple people better off than they were before. That's all that i can ask for last.

If you wouldn't 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. Now, today we're going to be giving you an update on ticker symbol ctrm. I did make the transition here over to weeble. So please excuse that you're looking at a new chart, we will be rocking with our regular programming.

I did change this over to dark mode. I put a video out today on nbis and i don't think people liked the the the light. So let me know if you appreciate the dark mode. I will keep that we're gon na test it out for a couple videos and see what people think, but we're gon na look at this, both macroscopically and microscopically.

I've got some pretty huge news that could affect the stock price here on monday, that i am going to share with you, but look at this on the one month chart as well as the one day one minute chart to give you both a macroscopic and microscopic Perspective of the stock we've got a couple. Different indicators pulled up down. Here is the rsi, which is a relative strength index anything over 70's overbought anything under 30 oversold. Then i've got three different indicators right here: the 200 period, ema, the v-bop at a 14-day period and then the 50 period m a the moving average.

The m-a right here is the light blue line, which you can see right here, and this is just a simple moving average over a 50-day moving period, price action based valuation trend line, adjusted over 50 days and then the 200 ema. Is this purple line right below that right here, and this is a exponential moving average, which is an average valuation trend line over a 200-day moving period? And i have these both pulled up, because then it gives you an idea of both macroscopic and microscopic perspective of uh charts, price action and then the v-wap, the 14-day period v-wap. And this gives you an idea of how bullish or bearish a stock is given the price action on a given day. So, if you're trading below this you're in pretty bearish territory, microscopically speaking if you're trading above it, it is bullish, cherry bullish territory - and you can use this as a level of support and resistance as well.

So we'll talk about what all these mean, give you some levels of support and resistance, potential entry points, potential exit points, uh how you can play the stock, both bullish and bearish patterns that we're seeing here on the charts. So, let's just dig right into the video, but first i want to give a quick shout out to the guys over at the patreon. We are over 700 patrons strong now, which is absolutely insane. Thank you guys so much for the support.

It's honestly mind-blowing to me the channel is going absolutely insane right now. It's it's a lot of fun, so they'll have access to the private discord as well as real-time insight to my personal training. When i put up videos the whole nine yards and we've got a lot of great stuff in here, we've got uh chat and uh questions. We've got investing assistance options, trading, stock, bot, wsb updates short term plays midterm, plays long-term place.

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Let's go down here to some of these 148 in a single day. So, like i said, link is in the description box down below now what really catches my eye and i've got two different resources here to show you guys so that we've got double verification, we'll roll with the the one that is the lowest. So i don't get your guys's expectations and hopes up, but this is the short interest ratio and short volume on ctrm and i've got this pulled up on market beat. This was updated as of january 29th, which was yesterday at 12 a.m.

Eastern time, and what we have here is the short interest data available for ccrm. So let's check this out really quick as of right now, our current short volume is 25.79 million shares. That is an insane insane amount, extremely extremely high and uh. If we look here at their days to cover it is point three days, meaning that at this price on record date of 61 cents, they have to cover this on monday, this 25.79 million, because if we come back here to the charts, we closed at uh, the Regular market hours 60 60 uh - where is this at to do? Let's just zoom in here really quick change it to the one minute we closed the regular market hours.

Let me just pause it real, quick and get okay. So we closed the regular market hours at 61.6 cents. Then, if we come back here to the short interest, they had the price at 61 cents, so not quite enough for them to cover they might have. But according to this website, we do have that overall short interest available.

Now i do have another website pulled up for double verification and we're going to refresh this page just to see if there's anything new and what we have here is short volume. As of january 29th of 66 million, which is actually i believe higher than we have available here - it is so current short volume on january 29th of 66 million, which is extremely extremely high. Now the overall outstanding shares we have available is 2.4 million shares. So that's extremely extremely high.

That's a that's a change from the previous month of 5 000 and this could cause a pretty crazy short squeeze on the stock. So, if you're not familiar with what a short squeeze is, it is when, when uh people that short stock have to cover and buy back their shares at a higher price, granted, we finished the day off at uh, just above 61 cents right. So we don't know how much of a squeeze is gon na be, but they do have to cover their shares nonetheless, so this should provide an opportunity for people to make a pretty decent amount of money on ctrm now, one thing that i do want to disclose Right now - and this was brought to my attention by a couple of people - is the market right now is riskier than it's probably ever been uh. Everything happening right now, with with wsb wall street bets with gamestop amc is making every single stock in the market.

Increasingly volatile and harder to predict right, so our normal plays like nvis and new um zome jagex. All these stocks right now are bleeding they're getting hammered, and it's because people are profit-taking to put them into these crazy wsb stocks. Now i'm not presenting ctr into because it was targeted by by wall street bets right if you've been a part of this channel for a while. You know i've been talking about ctrm for literally at least two or three weeks, because i think they have a lot of potential, but um.

There is opportunity here, nonetheless, regardless of what is going on with wall street bets. So i do want to present this to you as that, if you're not familiar with what ctrm is i'll, read you a quick summary: they are a cypress-based company. The company is engaged in the ocean transportation of dry bulk cargos worldwide through the ownership and operation of bulk carrier vessels. It also aims to increase its fleet through acquisitions of new and modern vessels.

They did recently acquire a couple new fleets. If i remember correctly, i'm not sure if it's going to pull up here, but that did recently take place. Not there we'll come to the news. This might say it here.

So 15.3 million dollar debt financing they had acquired a cape sized bulk carrier vessel. As of january 20th, so they're on the they're on the right track, we come over here to the financials uh there's a lot of green in here, which i actually like to see. I mean the operating income is pretty red on yry uh net income before taxes is still negative, which is why it's a penny stock right. It's trading under a dollar you're, investing in the idea of potential for growth and not previous growth.

But we do see here that uh we've got. We've got some pretty solid, pretty solid percentages right 2.79 million 124 percent revenue up 124 percent uh cost of revenue 200 right, so we're on the right track here. I i think that there's a lot of potential here with ctrm so with that being said, let's just take a look at the charts right now. What are we looking at at this current moment? Well, right off the bat, let's level off some levels of support and resistance, and we can see that there's some pretty solid uh support and i'm gon na change the color on this.

Now that i have this on dark mode to white, we've got some pretty solid support sitting right here at 54.9, we've got one two three four five six different touch points so 54.9 is a pretty respected level of support according to uh the charts and we're also Going to drop quick, a quick fibonacci and what this does is. It gives us an idea of some retracements that we can expect based on price action on the charts, and what we're seeing right now is that the retracement was pretty harsh right. We came all the way from a dollar ten, all the way back down to a low of fifty point three cents, but this did hold up at the retracement of seventy eight point: six percent those wicks came underneath, but we did bounce very nicely. So 55.5 cents is also another respected level and we did just label that off prior, so those do coincide, giving double confirmation on the support level sitting right here at 54.9 cents rsi indicator does line up pretty well uh.

We were currently trading at an rsi of about 35 got overbought right. We were looking at an rsi in the in the 82 range, came back down to 47 or so currently finish the day at 46, uh or so. That's where we're sitting right now with the rsi. So what this means right is this is trading a little bit below neutral.

This is slightly oversold, not quite oversold. This. The risk involved here with getting into ctrm right now is not as high. So, if you're able to get into ctrm in the pre market right, if you use weeble, you get it at 4am, that is a great opportunity.

This was not a terrible price to buy at. Do. Keep in mind, though, that i mean we were trading at 33 cents before that right, so it is, it has gone up a lot. It has basically quadrupled which is insane and uh, so there is still risk involved.

As i stated previously, you need to realize that the market right now is riskier than it has probably ever been. Stocks are acting very volatile and i always will do my best to provide you with with the best stocks that i think are going to make you money. But the truth of the matter is right. Now, uh all these dips they're going to present you with opportunities to buy first off when things do go back to normal, but you need to be able to stomach these these dips and this crazy volatility.

If you do decide to get into these stocks because it is going to be there, it's going to be present, so i just want to say that as a disclosure as far as uh bullish territory goes, this stock is pretty is pretty bullish. So if you look right here, you can see that the 50 ma is trading over the 200 ema, which is a bullish indicator. You can see right here is when the gap really started to form, and that is typically something that i look for when talking about a breakout. Now, if we change the ma really quick, so i'm just going to come over here to indicators and then we can edit indicators right.

I am going to change the ma to a 14 day, and this will give us an idea, more so, of the really short term movement, and this does line up there as well. So we did start to close in on the gap right here between the 14 ma and a 200 ema, which could be thought of as a sign of uh. You know a possible trend reversal, but then we did see the wsb did hammer down on the stock and the gap is pretty large right now, so very, very bullish. Looking i like the price action here.

As far as the candlesticks go, we've got some pretty long. Wicks on the top, but this is extremely influenced by by some outside factors. I've said this in a couple: videos already, but technical analysis is 100 trump by news catalyst, and we cannot predict news catalysts right. So that's why i'm saying there's a lot of risk involved.

We can't predict that robin hood is going to block trading on certain on certain uh stocks. Right, i think, actually robin is not even allowing you to trade ctrm or if you can, it's not very many shares right, so you may not even be able to trade. This, but if you can, i do think, there's opportunity here so good buying an entry point for this right now. I think if you can get this between 55 cents and 60 cents is where we're currently trading at you're, going to do pretty pretty well now.

One thing that i want to keep in mind here right, so if we come over to the short interest, we know they have that much time to cover, which means they are covering on monday, with this 25.79 million shares and we do have double verification. In fact, this website says there are more there's more short volume, 66 million currently being shorted, so take that for what it is, uh that this was updated on january 29th, and these dates down here don't signify when it was updated right that just signifies when it Was the price on record date? That's when these shares were sold short, which is the 15th, and i i had a live stream talking about i'm talking about this website, and i said you want to tell me that uh nobody covered these. These shares back from 2020 of august right well, if they already covered, it would say, zero days right, let's say zero days to cover, so that is already covered. This could already be covered.

This is not. This is not. This is not. This is not right.

So that's that's where we're looking at right now with uh with ctrm. So with that being said, let's look at some bullish patterns here. We do currently have a very nice uh upward moving channel that we will draw. That is a pretty respected line by the looks of it.

We did break below that right, so we're looking for reversal, and this is going to probably act as a level of resistance. So i'm anticipating that, knowing that this was a previous level of support, we can anticipate that this upward moving channel is going to be a level of resistance. So, what's going to possibly happen? Well, you could see some movement where and i'm just going to put this in state drawing mode where you see this um, i'm going to change this to do to do what is use we'll use, we'll just use trend line. So you can see it come up.

Bounce off of this level, come back down bounce off this level again set a little bit of a higher high and then bounce off that level, one more time and push through, and i anticipate this is probably going to happen. You're likely to see this acting as a level of resistance, since it was a very respected level of support in the future. Now, what does that look like right? If we continue on that upward channel, you could be looking at. You know a price of 72 cents as resistance at the open on pre-market uh.

You could be looking at uh, you know 75 cents in the pre-market. You could be looking at a market open around 79 cents and if we push through that upward moving trend line, i would expect a pretty pretty harsh movement. So that's how that looks right now looks pretty bullish. Uh.

We do have gosh dang it. I don't want all this ah trash there we go. So that's how that looks right now, um other things that i want to point out to you, the v-wap, which is this yellow line you can anticipate. This is going to act as a level of support and resistance on the stock, so just keep that in the back of your mind, we're gon na get rid of this fibonacci retracement just to clean up the charts here.

So you can see here, for instance, uh. This was a level of resistance, we'd see some candlelights touching above this and they would reject it would come back down and eventually it transitioned over to a you know, a short-term level of support. We did have a candlewick breakthrough and then uh candlewick kind of come back down. This is a pretty gnarly hammer candle.

You know sellers try, pushing the price down buyers step back in, but then edit acting as a little resistance. So if you want to use this simply set it to the 15, the 14-day v-wop very easy to do. You come over here to uh, where my indicator is at indicators. Edit indicators on on weeble and you'd select the v-wap right here and it's 14-day.

You can set it to whatever color you'd like and it is available for you to use. So that is how that looks right now, we'll change over to the the one day, one minute chart for any last minute confirmations on price action that i am currently seeing - and this is where the v-wap really does come in handy - is on these one day. One minute charts right so, for instance, we can see that this is acting as a level of resistance on the charts. We had a candlewick touch, rejected candlewick touched right here and then we have solid breakthrough right.

So that's a significant thing to watch. Whenever you see a wick come through the v-wop and push through you're likely going to see a huge bar close above, and we did see that and then moving down the charts here, you can see, we've had you know resistance here, resistance here, resistance here, resistance here And currently trading above the v wap, so bullish territory is where we ended the day. We do currently have the 14 period moving average uh did cross over the 200 ema here back under here end of the day in pretty bearish territory, but does look like there was a trend reversal at the end of the extended hours so pretty solid. Looking as far as patterns go, we do kind of have a coiling effect happening right now, so what does this mean? Well, it means that the price action is tightening and squeezing down right now, i'm not gon na be able to drop a perfect squeeze, but you can see this general trend line, one two, three, four, five, six, almost seven eight different touch points and what ended up Happening is we we uh compressed down on price action and we're seeing that, since this tightened up right, if we extend this out a little ways and we can actually move this trend line well, i don't want to do that.

I want to extend it all right. There we go so if we extend this trend line as such, you can see that we broke through this overall trend, so that typically is going to bring some pretty nice price action we broke above saw a little shift. Of course, this is a little choppy at price action, but you get the idea. Ctrm looks pretty good and to double down on what i was saying earlier.

I think a good entry point on ctrm is going to be at that 55 cent to 60 cent range. So that is what i have for the video today guys exit plan is one last thing that i want to touch on: watch for a retest of one dollar and 10 cents. If you're looking for a quick get in and get out kind of play make some money, that's uh, that's typically how squeezes work uh! You can set a limit order for one dollar and ten cents, as i do anticipate that we will likely retest that if you like to be more conservative, you can set it for another level of resistance that we see has been respected here in the past, which Would be right around here at 90 cents or so so that is what i've got for the video today, if you guys 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 weeble.

Weeble is a brokerage account which i'm using right here that allows you to trend in the extended hours uh starting at 4am, and if you use my link, you receive four free stocks with 100 deposit i'll receive a free stock, uh great way to support the channel. If you're not interested, that's totally fine, i don't care my friends, i'm just glad you're taking the time to watch my videos and be a part of the team, so that is what i've got for you guys today. Thank you for watching my friends and i'll see you all next time. Peace,.