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ZOM Stock Analysis Today: ZOM Stock (Zomedica Corp.) operates as a development stage company. It created products for companion animals by focusing on the unmet needs of clinical veterinarians. it plans to offer novel diagnostics and therapeutics that focuses on patient health and practice health. In this ZOM Stock Analysis Today video, we 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.
Zom Stock Fundamentals: https://www.marketwatch.com/investing/stock/zom
ZOM Stock StockTwits: https://stocktwits.com/symbol/ZOM
ZOM Stock News: https://www.nasdaq.com/articles/why-zomedica-stock-surged-today-2021-01-12
ZOM Website: https://zomedica.com/news/
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What is up everybody man zome - has been killer. I'm loving this. I really hope you guys got in on the action here. Uh welcome to trade trades.

We have technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks, i like the 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 in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard to 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 the information, resources or tools that are given to me, make the community here a little bit better off than it was before it's all a guy can ask for. Lastly, if you would not drop a like on the video really does help support the channel and consider subscribing.

If you like to see more content like this now quick shout out to the guys over the patreon, we did have quite a few new people join us. Today. We are almost at 200 members, 199 cole, cosmo, kx, casey dan kim aaron stivi retouch raheem. Thank you guys so much.

I really really do appreciate the support they will have access to the private discord, as well as real-time insight to my personal trades. So, if you're interested there's a link in the description down below and watch out for the scammer guys, this is not me, but no, it's not because he doesn't have the great box around his name. Um report it. If you can he's got this uh phone number.

Don't contact it don't buy any of his crap um we're gon na be giving you an update on ticker symbol z-o-m. This is one of the penny plays that i recommended for the week, and it is one that i personally got into. I will show you my position in the stock. Currently, it was a beautiful beautiful day.

I got a dollar cost average of 78.2 cents, currently sitting up 66 percent uh. 2 300. We were up almost 40 percent on the day and we're gon na run. You guys, through the price action where i can see this goal, moving forward, uh kind of how i'm planning on playing this out and uh.

Let's just get right into the video, so i'm just gon na show you guys what zome is if you're not familiar they're a developmental stage company, they create products for companion animals by focusing on the unmet needs of clinical veterinarians. It plans to offer novel diagnostics and therapeutics that focuses on patient health and practice, health and they're up a lot in stock. Twits 65. 000 members of 15 message volume down a little bit in sentiment, but up 40 in price.

It's been absolutely filthy. Am i too late to jump in uh camilla? I would not recommend jumping in right now. I do have a news. Article pulled up.

This was posted today. As of uh. You know 12 21 pm eastern time, so it's sort of been about 11 20 a.m. In minnesota, shares of zometica pharmaceuticals continue the recent rapid ascent on tuesday as of 11 33, they were up more than 40 percent um, their reasoning being anticipation for the launch of zometica's point of care diagnostic platform for pets.

On march 30th, the company says its patented system can help defect, uh, detect thyroid and adrenal disease in cats and dogs, and then it also does talk about what i've already talked about: the uh, the the advertising that has been uh given by carol baskin, the star Of uh tiger king uh, we don't mind a little bit of luck in the market. There is always that involved, but um the stock is looking really nice right now. What one thing i do want to warn you guys of is: i expect a pretty harsh pullback on this and watching the the price action in the after hours. I will make the decision on whether i decide to take profits on my stock uh in my position.

In zone, i i honestly might do so lock in my profits and then come back to this later in the future. When we get closer to that march timeline, as i do see a pullback happening here right, i always recommend nickel and diming wherever you can as over time, you're going to build out your positions and your portfolios very, very beautifully. So just keep that in the back of your mind, i would expect a pretty harsh pullback here in the future, but one thing that does look nice is, if you look at the rsi indicator, the relative strength index, anything over 70 being overbought, anything under 30, oversold, Historically speaking, the corrections don't seem to be that bad. We make pretty smooth movements guys right.

So i mean, if we look here when we had our first run up to about 52 cents. Our correction was down to about 40 cents. This run up here we saw up to a dollar i mean this is this is as smooth and stair-stepping as it gets right, so the corrections really aren't that bad. Looking at the the rsi indicator, we are actually currently trading neutral at 55, and that was not that bad of a pullback right.

I know some people probably got a little bit nervous when we saw these these big red candles right here right. So if we zoom in on this and take a look that does look like a little bit of a pullback right, we were up uh up to about a buck 35 got down to about a dollar 13., but honestly guys looking at the rsi indicator. That's really not that bad of a pullback. We could pull it back to 55.

If this was bad, it came down to 30. We would have touched a dollar, so this really isn't bad whatsoever. I'm actually liking this a lot i'm liking. How this is holding up and that's why i haven't exited my trade, yet is the stock is holding up very well, and that leads me to believe that traders aren't necessarily coming to this.

So if we look at the psychology of the rsi indicator, guys right typically when a trader comes in and day trades or swing trades a stock, you can tell because the corrections after the run-up are pretty harsh and investors, don't really care about the dips right. Investors are staying in the stock ups and downs until they reach their price target until a certain date until they feel like they've locked in enough profits and we're seeing that happen right now, and i think that's leading me to believe that this you know some people Are looking forward to that march date just like that article had mentioned and are going to hold this position in the stock, at least until then, you know i've seen some different uh, some different price targets floating around here. You know anywhere from three to four dollars, and i mean march was a long ways away and we touched almost a buck 50 today i think we actually went over a buck 50.. You know a dollar forty, eight right here, uh that that looks pretty close to a dollar fifty we're halfway.

There we're halfway to three bucks and it's it's january, so i do expect the pullback i'm just going to be completely transparent. The volume looked really nice today, which is why we saw some more volatility, a lot of action in the pre-market we pushed through that dollar mark very easily. There was never even really a re-test of that dollar mark, so that looks absolutely beautiful. I'm loving the price action on that it looks very nice.

We do have a large gap between the 200 ema, the exponential moving average and the 15 day vomit the volume adjusted moving average, and this is an average valuation trend line based on given volume, and this is a 200 day moving average based on price action. So we did have the crossover confirmation of the vama over the 200 ema, which is a bullish indicator, and the gap here has just been growing day by day by day and the larger this gap grows the more bullish of territory. This is from a macroscopic scale. So this is looking very, very bullish right now and that's why i'm still holding my position in the stock guys i i uh, you guys know me if you've been around for a while um some people give me flack, because i sell out of stocks too early, While they're running up um, but i i'm not going to say that this hasn't run out of steam, yet this is a risky play.

It was under a dollar, you know yesterday, so the risk is there right, um, but the price action, and the way that this is holding is leading me to believe that there may be more room to run and uh. You know i'm going to be very careful. I'm watching this in the after hours, if i do see a pretty harsh pullback, i'm going to exit my trade and everyone at the patreon and the discord will know, and i will also post that on on twitter in case you are interested but um. It's looking really solid right now, guys, so the current support and resistance levels we're looking at we're looking at support about a buck.

A dollar 15 was a previous level of resistance and we did hold up very well at buck 15 on the charts here. So that is a nice acting level of support, and then we are currently looking at. You know another level of support right around a dollar. I would argue a dollar 25 and we have been hovering right around that in the after hours and then the overlying theme of resistance, we're going to be looking for tomorrow to see if this keeps running up.

It's going to be right around here at a buck. 50. now, if you're looking to get into the stock as a midterm hold leading into march right, i have talked about this in my previous video that i am considering holding until march it'll depend a lot on the price action i see over the next 24 hours. I may consider locking in profits i may hold till march.

I will update you all, but if you are considering holding until march you're looking for an entry point, i would watch for a pullback to a dollar uh. If we do pull back pretty harshly tomorrow. I think that's going to be a big level to re-test. If you see a bounce off a dollar that may be a good time to get into your trade.

Now you may you may be saying: okay trade! Well, what if we bounce off a dollar and then re-test again and push through well, if you're nervous about that first off, i want to tell you if this hits three or four dollars: you're, not gon na, be sweating that in two months, but second off um, You could put in half your position at a buck right and then, if you see another bounce, uh or or a rejection, a second time, 82 cents is a nice second acting level of support and you could dollar cost average and meet somewhere in the middle of These two ranges right around 90 or 91 cents and he'd be sitting really nice for a couple months from now right, so um zome is looking very nice right now. I do believe this is going to have some great potential based on their true form of drug that they're they're working on um. You know regarding all the different pet therapies and stuff with thyroid. So you know zone looks very nice.

We're gon na change this to a two day, one minute chart uh. Just to give you guys a couple of different uh confirmations based on the price action we're seeing right now. We did have the crossover on the vama over the 200 ema early in the pre-market, and we hung above that up until about an hour before the market closed. And we are currently just about crossed over again on the vama over the 200 ema.

And that is a huge bullish indicator. So we have double confirmation right now that this is not only in bullish territory on the one month chart, but also on the one day one minute chart and if we could see a run continue here in the after hours, and it's definitely looking like we might. If we see a gap up between these two levels, that is something to keep in the back of your mind that we may keep pushing uh it's it's been a really crazy run, but it's definitely looking like zome is doing some good stuff. So i'm absolutely loving the price action here.

If we look at a couple different patterns, just to give you some confirmation on the bullish movement we've been seeing for the day, we do have a pretty clean, looking bullish flag, and that is basically just a run-up of price action. So we do have a pretty solid pole here. I will actually shorten it. I think this is a better looking bullish flag.

So we have that nice looking action right here, that's the pole and then, if we draw a trend line down you're, seeing a compressing of price action right and basically what this is doing. This is giving confirmation to buyers that hey this stock is holding up very nicely, let's, let's keep pushing it for the next leg up and once we broke through this trend line, this compressing a price action. We did see a nice run. You know we did have a pretty solid drop, a good profit taking right here, but it's bounced back nicely and honestly we're continuing the run right now in the after hours.

You know currently trading about 1.31.32 and it's looking very, very clean. I'm loving the candlesticks on this. If we do zoom in on the one day chart, you can tell a lot by the wicks on a candle and the red wicks. You can see that there's quite a few red wicks on the bottom of these candles guys and when you see wicks on the bottom of a red candle.

That means that the sellers are very weak right and if we look at these green candles, especially in the beginning of the day, you're, not seeing much of a wick on the top of the candle which indicates strong buying presence. And whenever you see these long wicks. On the bottom of a green candle, that also indicates strong buying presence, so there's still strong buyers. You know, maybe, towards the end of the day, we're looking at a little bit of you know, unrest, um, sellers, we're definitely starting to take control, but looking here in the after hours, it does look like the bulls are stepping back in and they're going to continue To try to push this stock up, so that's currently how we're looking right now and we'll give an update tomorrow morning on whether i decided to sell out of the stock and take profits or continue to hold um.

I would it will depend a lot on how i see the stock hold up over the next uh. You know a couple hours and into tomorrow. If it does hold up very well, i will be up tomorrow morning at about 3 or 3 30, as always to watch the pre-market action and i'll make a decision based on that. So that's currently how zone is looking right now.

This is still completely bullish territory. We did have a little bit of bearish action right here right. We did have this uh, this solid little dip. This is uh.

This is this is a dip, but we rebounded really nicely. It looks like we're continuing the run right now, so we're gon na be retesting some levels of support and resistance um right here, so we do have resistance currently sitting right around. I would argue the first level is going to be a buck 33.. We push through that.

You know you're looking next at uh right around here at 1.38 and then the price action between this zone is up to a buck 48 guys so um, it's it's. This has been a crazy run for sure. I hope that there's some people out there that made an absolute killing off of this stock. I know that guys over at the the patreon, the private discord are doing great.

I've read some awesome comments in the comments section. I absolutely love when we hit these grand slams, guys we're not always going to hit absolutely filthy runs on on these stocks. But when you do, you got to capitalize on them and really let them do what they're supposed to do so, i'm just so happy to to see that we're doing good things here in the community and honestly we're all doing this together. I don't do this by myself uh, we we as a as a community here at trace trades in the comments section.

I get all these suggestions, the patreon, the private discord. I get suggestions um that we're all doing this together guys. So i appreciate everybody so so much. I know i couldn't do this by myself.

We have so many eyes looking at so many different things, you guys bring me all these different news articles all these different stocks. All these different sentiments all these different perspectives that i could never do by myself. So i'm just doubling down big time on the fact that i appreciate everybody. 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 for tubebuddy now tubebuddy is an seo optimization website that i personally pay a nine dollar per month. Membership for and uh i highly attribute this to growing from zero to six thousand subscribers in a little over three weeks. So if you're a content creator or looking to become one, i could not highly recommend this enough.

It is a great tool to get your videos in 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, i am just glad to have your support by taking the time to watch my videos. So that is what i have for you guys today. Thank you for watching my friends and i will see you all next time.

Peace.

By Trey

27 thoughts on “Hot penny stock zom grand slam play! // zom stock analysis technical analysis”
  1. Avataaar/Circle Created with python_avatars 韓国미국J says:

    looks like ZOM is down 78.01% over the past 5 yrs. currently at $.5156. OUCH

  2. Avataaar/Circle Created with python_avatars It’s Crypto-time! says:

    Hey trey! I subscribed.. what’s the discord? I don’t see the link?

  3. Avataaar/Circle Created with python_avatars O G 2 TONE G G says:

    Buy more it go to.2 plus

  4. Avataaar/Circle Created with python_avatars Issacc Carmona says:

    If I drops what would be the price

  5. Avataaar/Circle Created with python_avatars JTE Rally says:

    Thnx man! Got in 80 and out 1.4👍. Got back in BNGO at dip. catalyst on 15th

  6. Avataaar/Circle Created with python_avatars Simple Rick says:

    Zomedica! Tomorrow PM 🔥🚀🌜

  7. Avataaar/Circle Created with python_avatars Justice Barber says:

    What are peoples opinion on holding shares after launch 03/31/2021. Is there usually drops afterwards?

  8. Avataaar/Circle Created with python_avatars bruce chen says:

    I have the same thought. A pullback may happen. But then I saw the volume is still close to 1 billion (wrote million corrected by D.Ivory).

  9. Avataaar/Circle Created with python_avatars jose cruz says:

    The run up to 3 will come if you got a strong stomach you will cash out big

  10. Avataaar/Circle Created with python_avatars JamesBondo420 says:

    What do you think about CTRM? I got 4430 shares at .2148 yesterday. How far do you think it can go?

  11. Avataaar/Circle Created with python_avatars Ladybug says:

    It will be $2 by March

  12. Avataaar/Circle Created with python_avatars BLKghostXX says:

    Got in at .23 for 1000 shares. Been following your content on ZOM for the past few weeks. Just concerned if I should hold to February and take my profits soon.

    Keep up the good content!

  13. Avataaar/Circle Created with python_avatars FlaminHotChips says:

    Your in the military?

  14. Avataaar/Circle Created with python_avatars Luca Mvp says:

    Any updates on lmfa??

  15. Avataaar/Circle Created with python_avatars Ellie C says:

    Thank you Trey. I got in this morning 😊hope run up some more🚀🚀🚀

  16. Avataaar/Circle Created with python_avatars Zia ul Islam says:

    What's your twitter

  17. Avataaar/Circle Created with python_avatars Christockton says:

    My guy! Always breaking it down! You got in early! Good man. Got in a little late… but we’ll see what happens.

  18. Avataaar/Circle Created with python_avatars Juan Suarez says:

    I’ll sub to your subscription when I make a website one day lol. Nice knowledge Trey it’s high level info!

  19. Avataaar/Circle Created with python_avatars james hanley says:

    Hey man have you ever heard of $GAXY? Could be a very interesting penny play, especially with how low it still is. Good company behind it aswell

  20. Avataaar/Circle Created with python_avatars TheRealRyan N says:

    Man I really don’t know if I should sell or hold

  21. Avataaar/Circle Created with python_avatars Mark Tovar says:

    Will the owner of patreon discord ever go public?

  22. Avataaar/Circle Created with python_avatars Tony McCormick says:

    I made loot on this one. Thanks Trey

  23. Avataaar/Circle Created with python_avatars Mind Over Market says:

    I got in on the dip

  24. Avataaar/Circle Created with python_avatars Jason Wilhelm says:

    It’s going to keep slowly climbing till late March.

  25. Avataaar/Circle Created with python_avatars Vahn Brintnall says:

    Thanks for the update! I got ZOM at $.45!

  26. Avataaar/Circle Created with python_avatars Carolyn Rivera says:

    What is your take on the latest news about Carol Baskin being paid to talk about ZOM?

  27. Avataaar/Circle Created with python_avatars Harfiz Mohd says:

    Been Waitin.. lol

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