Hey you: are you looking for an entry point into a new? Well guess what i've got the perfect video for you? You came to the right spot, my friend. What is up, everybody welcome to trace trades, where we 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 your preface by saying that i'm not a financial advisor nor expert so take What i say with a grain of salt, the reason that 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. So if i can pass along the information, resources or tools that are given to me here to 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 covering ticker symbol, inuv and nuvo incorporated to be completely transparent. I do have a position in this stock. I'm sitting in at a dollar cost average of one dollar and 13.5 cents with 2 200 shares currently up 1485 dollars and 59, and i am not selling a single share of this company.

This is a midterm hold for me uh, and this is because vanguard does have a stake in a nouveau of about 2.7 million shares, which was at the time worth a little less than a million dollars, probably worth quite a bit more now. But there is an opportunity presenting itself here for those who missed out on the run-up, because i do think this is a great midterm, hold stock and potentially long term depending on the growth. But if you missed out on the hype or you're a bag holder fear not because there is opportunity that is going to be presenting itself today, i can almost guarantee it so we're going to be looking at this macroscopically and microscopically. I will pull up the one month chart as well as the one day one minute chart.

I have three different indicators pulled up, which are the rsi, the relative strength index. Anything over 70 is overbought. Anything under 30 is oversold. The 200 ema, which is this dark blue line.

This is the 200 period exponential moving average, and this is just a 200-day valuation price action trend line based over 200 days of price action and the 15-day vomit, which is the volume adjusted moving average, and some brokerage accounts don't offer this. You might have to use the v-op or the m-a they're a little bit different, but they're about the same thing uh. This is just a 15 day price action based trend line that adjusts accordingly to the overall volume in a stock, we'll talk about both bearish and bullish indicators that we are seeing on the charts right now. Potential entry points exit points.

How you can play this as a swing trader, a long-term trader, as well as a news catalyst that is likely to drop the price down on a new? I never want to bs you guys, i'm going to tell you straight how it is, and this is going to present itself as an opportunity not for you to panic but to improve your position in the stock, because we need red days in order to get in At as low of a cost as we possibly can and that opportunity is going to be presenting itself very likely today or tomorrow, so with that being said, let's get right into the video, but first i want to give a quick shout out to the guys over The patreon we are almost 400 members strong. That is absolutely insane. You guys rock. I really do appreciate the support.

Uh they'll have access to the private discord as well as real-time insight to my personal training and there's a lot of gold in this discord. Guys you've got spec plays short term plays midterm plays long-term, plays investing assistance, chatting questions uh and there's a lot of really smart people in this. In this uh discord, i've actually got a lot of plays in which we hit it off here at trey's freights. On the discord, so, if you're interested in joining there's a link to the patreon in the description box down below now, if you're not familiar with what a new vote is i'll, just read you a quick bio.

They engage in the provision of artificial intelligence, driven commerce solutions. The firm provides platforms that can identify and message online audiences for any product or service across devices channels and formats, including video mobile, connected television display social and native. Its products and services include valid click, intent, key and digital publishing. This is the one that really gets my attention.

The valid click service is software for publishers that offer a pay-per-click solution where advertisements are targeted to consumers based on content and behaviors. The intent key service is a consumer intent recognition system designed to reach highly targeted mobile and desktop in-market audiences with precision. The digital publishing service includes branded web properties with content, developed, edited and published by nuvo, and the reason that i really like this company, as it holds stock, is because there's a lot of opportunity in that ad, the intent key uh platform. I think if this can act as a competition to youtube google, facebook, twitter ads or even be a tool in which they use these ads by those companies right.

This is a very, very large market. There's a lot of money involved in ads right, so if they can capitalize on that and really hit the ground running, i think you're gon na not gon na be looking at a 809 million dollar market cap company for very long. So i like the potential here, but the reason why i predict there's going to be a pretty steep sell-off is because there was a 6.25 million common stock offering as of yesterday. This was posted on january 20th and i'll just read you the first little piece of this article, so uh enubo incorporated a leading provider of marketing technology powered by ai that serves branded agencies today announced it has entered into a securities purchase agreement with institutional investors.

I like seeing this, i love seeing that word: institutional investors, that is always music to my ears, for the purchase and sale of 5.6 million shares of its common stock per value. 0.001 per share at a price of 1.10 per share pursuant to a registered direct, offering the gross proceeds of the offering are expected to be about 6.25 million before deducting fees and other estimated offering expenses. The closing of the registered direct offering is expected to take place on or about january 22, subject to the satisfaction of customary closing conditions, and now that we know the price of this direct offering right one dollar and 10 cents. We can predict that shareholders are going to want to drive that price down to about a dollar and 10 cents because think about it like this, if this stock is being offered to uh institutional investors at a dollar and ten cents and it's trading at a dollar, Seventy four um people are basically thinking hey.

Maybe the stock is overvalued. You know, why would i hold something that the company is selling at a cheaper price right and they're, going to take their profits and get out before the steep decline in stock right uh? I'm sitting at a dollar cost average of 113, so if it being exercised at a dollar, ten right might scare some people. But for me this is an opportunity to improve my position because we don't want to buy into a stock when it's being overbought, which is what i had to do to get into this run-up right. We want to buy into it when it is being oversold, because that is when you're getting the most bang for your buck, and i am predicting that we're going to see a little bit of a sell-off now.

The price action in the pre-market is not that bad. We have seen a little bit of a bleed, but it is not a terrible bleed right, we're still trading at 1.75, which is down 6 cents from where we closed still extremely bullish territory, macroscopically speaking but um. We are looking at a couple different points here in which this could drop to we'll come down to a dollar 10 or below it's tough, to predict that right. But what we can do is look at the charts.

Look at trends. Look at the data that is here the psychology of the charts and give you an estimate of what could happen with the stock. Now, if we look at retracement on a new vault, you can see that this retracement at 61 at a dollar 31, does act as a level of resistance in the past, and i do predict that if we do see a little bit of a sell-off at market Open, we are likely to see it come down to that dollar. 31 range, that's just based on data.

I know that the common stock offering direct offering was valued at a dollar and 10 cents, so we might see it come back down to a 1.10 or lower than that right and all i can say is don't freak out. I'm expecting this to happen. This is an opportunity to buy into the stock. If you don't have a position, it's an opportunity to dollar cost average down in the stock if you're a bag holder which, in the end is just going to improve your position overall and increase your overall gains.

You might just have to sit a little bit and hold your stomach with a red day. That's totally totally fine. I am 100 comfortable sitting for two days in the red and a nouveau, because i know a couple months from now. This stock is gon na pay.

Me back three four five hundred percent of my investment, and i am ex i'm i'm 100 comfortable with having to sit with a queasy stomach for the overall end game, and that is a huge fat filthy margin. So uh. This is going to be a great opportunity for you to get into the stock watch for that dollar. 31 retracement.

We do have a little bit of price action at this dollar, 51 retracement as well. There is a long candlewick here where we see some heavy buying pressure, a little bit of selling weakness and rejection that bounced back, and we have been bleeding a little bit down to this level that we can see here at a dollar fifty one in a dollar. Thirty one, so if you can buy into that price range, of course, if you see it ripped below a dollar thirty one, that's an even better entry point you're likely to see it come back down to a previous level of uh support, which was an acting level Of resistance at the time most likely around here at a dollar four to a dollar ten uh - that is my prediction: if it does drop below a dollar thirty is you will see it come down to that price zone, which is a very steep sell-off, so you Can play this a couple ways right if you're not comfortable, with losing the profits that you had in the short term, you can sell your shares, take profits, walk away, very happy and rinse and repeat right, so you can take your profits when it drops down to A dollar for get back in at a lower dollar cost average and walk away extremely extremely happy. So that's one way you can do it or you can hold on to your shares and when it drops down either average up or down increase your overall position.

Then you can just rinse and repeat with this stock. So that's how that looks right now. The volume is not very high in the pre-market. We are not looking at a lot of numbers and what i like to see.

Actually, a lot is that this is an investor's stock and the reason i say that is because we see a lot of green volume and not a lot of red volume when this was being, you know sold, and it also did not correct very harsh than the Rsi indicators, so if we look here right now, the lowest we've seen since this huge run-up is 44, which really is not that much of oversold territory, uh and, historically speaking, the stock has seen some pretty oversold marks. You know down here at 32 down here at 29, so i think there's a lot of confirmation and sentiment towards vanguard, holding a stake in the stock of 2.7 million shares. I think that investors really like to see that and that transformed the new vault from a trader stock to an investor's stock and there are still a lot of people holding a nuvo. I know personally in the discord.

There are a lot of people still holding a nuvo, so there's a lot of different ways. You can play this off, so i hope that was helpful for you guys. Let's change over to the two day, one minute chart just to get some extra confirmations, still extremely bullish territory. We have a large gap between the 15 volume and the 200 ema.

So if we change over to two day, one minute chart real quick, we can see likely to happen and, as i figured what happened, we do have a cross under of the 15 vomit underneath the 200 ema, which is a bearish sign, meaning that i'm assuming people Are are expecting this to start selling off. We are seeing that start to happen. It is currently trading at 1.68 cents, so um. I am expecting a little bit of a bleed a little bit of a drop to about you know a dollar, thirty dollar.

Twenty five dollar, four somewhere in this area, um. So with that being said, you know, look for a re-entry point or an entry point in that range, and i don't think you can go wrong. We're looking at a currently descending wedge formation, which is typically a bearish pattern. We do see a downward channel that we are currently trading at this lines up extremely well from the price action.

Yesterday, you can see a nice long, candle wick here touching, so just keep that in the back of your mind, this is currently doing a little bit of bleeding and i do see that we have dropped below this bottom trend line. So i expect, since we broke, that that we're likely to see it follow through with an overall downward trend a little bit of selling pressure a little bit of profit taking, and then i expect to see a pretty nice movement back in the upward direction. Within a couple of days, so that is how a nubo is looking right now, and that is what i have for the update on the stock. 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 and lastly, i do have an affiliate link in the description box down below for tubebuddy.

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So it's a great way to support the channel and, if you're not interested, that's totally fine. I just appreciate 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'll see you all next time. Peace,.