I'm really excited for this chart guys this looks good. Oh, it looks good we're ready to rip again. What is up, everybody welcome to trace trades. 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 like your purpose 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 defensive 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 any of the information resources or tools that 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 would only drop a like on the video 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 an update on ticker symbol, inuv and nuvo incorporated. This is a stock that i absolutely love i will be holding this for at least the midterm and potentially the long term. I will be completely transparent and show you that i do have a position in this stock. I am in a new for a dollar cost average of one dollar and 13 cents with 2200 shares, currently up 56 or 1419 uh dollars, and we're going to give you an update on how the charts look here.

So i'll show you the one month chart as well as the one day one minute chart we're gon na look at the overall volume going into the stock and analyze that i've got three different indicators pulled up the rsi, which is the relative strength index anything over 70's ever bought anything under 30 oversold. I have the 200 ema, which is this dark blue trend line right here, and this is the 200 period exponential moving average, and this is a 200-day moving period. Average valuation trend line and the 15-day vomit, which is a volume, adjusted moving average, and this is uh. This is a 15 day price action based trend line that is adjusted accordingly to the overall volume going into a stock.

Some brokerage accounts won't offer you the vomit. You may need to use the v-wop or the m-a they're about the same thing, just a little bit different, but these are the three indicators that i use we'll talk about. What these all mean. I do have a fibonacci retracement drawn up very easy to do.

You come over to draw on fidelity pro click on fibonacci retracement put the base at the bottom of the run up the peak at the top of the run-up, and it gives you an idea of how much we're expecting to give back and how this stock may Retrace given on the overall run up, so we can see here if we get back 100, then we go all the way back down to 67 cents, but we did not we're sitting at a 50 50 retracement, which is very, very healthy for an overall run-up. So we'll talk about that different entry points, potential exit points i will be holding this as a mid to long-term stock uh, we'll just go through the whole nine yards, so i'll buckle in for the video. But first i'd like to give a quick shout out to the guys over the patreon. We are over 500 members strong now, which is absolutely insane.

I appreciate the support a lot guys. It just blows my mind. I think. Like three weeks ago, we had 10 members or something so it's very fun to watch.

We've got uh they'll, have real-time insight to my personal training as well as access to this awesome discord and we've got a lot of great stuff in here. We've got my daily trades chatting questions, investing assistance, options, trading short-term plays mid-term, plays long-term plays, spac plays cold stocks, the whole nine yards. So if you are interested in joining, there is a link to the patreon in the description box down below now, if you're not familiar with what uh this company is, i'm just gon na read you off a quick little description here and let's just do that right Now so 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. The valid click service 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. There's a lot of money in advertisements guys they can really capitalize on that.

This is gon na, be a big big company. The intent key service is a consumer intent recognition system designed to reach highly targeted mobile and desktop in-market audiences with precision. So this is going to help them get these ads into the intended audience that they are looking for and the digital publishing service includes branded web properties with content developed, edited and published by innuvo they're, currently a market cap of 208 million dollars sitting at a dollar. Seventy four, i think, there's a lot of potential with a nuvo and something that really gets me excited.

We saw this happen on january 22nd and nouveau closed at 6.25 million dollar common stock, offering so, let's read the first paragraph here: enugo, which is a leading provider of marketing technology powered by artificial intelligence that serves brands and agencies today announced the closing of its previously Announced registered direct offering for total gross proceeds of 6.25 million dollars before deducting placement, agent fees and other estimated offering expenses they closed it at a price of one dollar and ten cents per share, and i'm actually extremely surprised at the way that this stock held up. I i put out a video predicting uh two different possibilities here. The first prediction came true, which was: we would see a bounce off of this 50 retracement at one dollar and fifty one cents uh. I thought it was more likely that we see a bounce off of a dollar thirty one, but nonetheless i gave two different scenarios and i said i think you're gon na see it play out one of two ways and it did play out with one of my Predictions uh and we saw that bounce off of a dollar and fifty 51 cents.

That shows a lot of strength for this stock, which makes me really really excited. Typically, people don't like direct offerings in the short term, because why would i want to hold on to a stock, that's valued higher than what you're selling it to somebody else right? That's typically, something that's a no-no in the short term, people don't like that, but as a company, this is good for their long-term growth, because it's a way for them to generate revenue. It's a way for them to move forward with some of their marketing and some of their products that they are working on and it shows strength and proactivity within the company. So i do like that.

They have that direct offering, and i really really like how this stock held up over a dollar ten. We bounced off of a buck. Fifty like nobody's business - oh god, that's filthy man, that's as filthy as it gets. We've got a nice big fat double bottom right here, which is a huge, huge bullish indicator and right into the pre-market.

We did start to see some price action, which is absolutely beautiful. This direct offering closed on the 12th, which would have been oh, the 22nd. I should say which would have been friday, and this dock didn't budge an inch, not an inch, and i really really like to see that so we held up pretty well over this retracement at 1.51, still extremely bullish territory. You've got the gap between the 15 vomit and the 200 ema as you i already drew it, but you can see that right here the gap is thinning down which is to be expected after they announce the direct offering, but guys i'm telling you to only give Back, you know 50 cents.

That is good. That is really really good, and for this to hold the price over the direct offering. That is really really really good, so i'm liking to see that balance off of 1.51. This, i i like the price action here.

We are seeing some buying pressure, starting to step in which is really good. The volume is low, but there's a lot of green volume here that has not been matched by red volume, which to me indicates there's a lot of people still holding this stock. I do think this is an investor's stock and i will be holding this for at least a couple of months, because i do see this being a stock that graduates at a penny stock realm. Now, i'm not going to give you an exact price target, but i would not be surprised whatsoever if a couple months from now this stock is trading somewhere around 10, and i plan on holding this for at least the midterm a couple of months as long as Vanguard has a position in a nouveau.

I will continue to hold in a nuvo as well. Now, if you're looking for an entry point, what what can you expect right? Well, i'm not going to guarantee you that you see a pullback where we double bottomed out here with the george w. I call it george w because it draws out really nice that way. You've got bottom out.

There comes back up. Oh, if i can draw comes back up another bottom out as such, and then it comes back up and this is called the double bottom. I call the george w because it looks like a big fat w anyways we've got a george w right here, double bottom out coming back up and if you see a triple bottom - and you see this hit 151 and bounce again, first off flap your hands and Do one of these these goofy numbers, because that means that you're about to see some absolute filth happen on the charts, but also clap your hands, because that is a great entry point. If you can get into this at a dollar fifty, i think you're doing extremely well.

We are currently holding at this dollar. Seventy one retracement at thirty, eight percent - and if you see a bounce off of this, don't be afraid to add your position at a dollar. Seventy one, i don't think you're gon na get treated poorly uh, getting in at a buck 71 on a new low, so um anywhere between a buck 50 and 1.75. I think you're gon na do pretty well uh.

We we are currently trading just a hair above neutral on the rsi, so not a lot of risk. You may see a pullback a little bit, so if you want to wait for a pullback, i don't think you're going to go wrong. If i was to add to my position, which i likely will, i think, i'm going to end up selling out of ctrm pretty soon here, uh and move some of my profits over to aph someone we're doing nuvo, because i really do believe in a nuvo. And i just want to double down on my heavy convictions and a nouveau is one of my heavy convictions uh.

So i do plan on adding to my position anywhere between this buck 50 and dollar. 75 range. So i think that's a great entry point i am holding this for the midterm, but if you want to swing trade, this stock a good way to do it is every time you see a run-up anytime. You see this rsi indicator push over 70 and you see a big push in volume right.

So you see this huge, closing bar and volume right here anytime, that you're you're trading and you see really consistent volume and all of a sudden, you see a huge push. That usually indicates that you are nearing the high for the day. Of course, in the after hours, we did see another heavy push, but more often than not, when you see a big push in volume like this, that is a time for you to exit your swing trade. We call this closing volume and when you see this closing volume bar, if you got in you know here at the low of 95 cents, you got out at the closing bar of a dollar 65 or so dollar.

Eighty dollar. Seventy you pretty much double up your money just about right. You can do the same thing here. You could have held it into the next day.

You see this big green. Closing bar pushes all the way up to uh 2.35 cents. Take your profits! Wait for this to reach oversold territory again, but right in that 40 line on the rsi indicator enter again. You can wait for this for the to run the next leg up and you're going to do extremely well.

I got asked this question by somebody in the discord they said: hey trey. Is it bad for me to trim my profits off of a stock if i've run up over 100 and the answer is always. That is not a bad thing to do. In fact, i encourage that a lot what you can do, if you're nervous about missing out on another run-up right is, if you purchase 200 shares of a new vote and you want to take profits on some of them, take profits on half or 75 percent.

Let the other 25 or 50 run and then once it pulls back, put those shares back in run it the next time up, take your profits on half or 75 percent. Let it pull back, put those shares back in rinse and repeat, rinse and repeat, rinse and repeat nickel and dime over time. You're gon na build out your portfolio very nicely. So, let's just change over to the two day.

One minute chart here look for any extra confirmations of bullish territory and we have a little bit of a mixed bag here in the uh in the next trading day. So um it does look like we barcoded a little bit. It's not extreme barcoding, but we were very up and down very consolidation-esque end of the day in bullish territory, with a gap here with the 15 bomb over the 2008 main and honestly. This is a good sign of strength to me, especially since the direct offering closed on the 22nd uh we held up very well.

Sellers tried to push the price down a couple different times and the lowest they were able to drive. This is to about 1.50 54. and that's that's pretty solid. I'm happy with that.

I'm extremely happy with that and we did see some buying pressure step back in at the end of the day finishing the day and the extended hours about neutral at 1.74. So very good, very good territory. Right now, another example of closing volume. You see this huge pump in green volume right here and that's very close to the high of the day right here and if you were able to get in as a swing trade at this opportunity, you would have locked in some pretty good profits.

So uh. That is the video that i have for you guys today the update on ticker, symbol, inuv and nuvo. 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 uh.

Lastly, i do an affiliate link for weeble in the description box down below. If you want to get some free stocks, it gives you four. If you deposit a hundred dollars i'll, also get some free stocks great to support the channel 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.