Good morning, vietnam coffee's a bust. Today it is 3 35. I've been up since about 2 45. uh.

I got to get back to work at uh 4 45 this morning. So we're knocking out a couple videos for you guys drinking some coffee anywho. What is up, everybody welcome to trace trades, where you have technical analysis on different stocks in the stock market, as well as potential buy 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 i started this channel is because a couple years back, i was about thirty thousand dollars 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 am 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 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 wouldn't mind drop 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 have an update on ticker symbol, inuv and nuvo incorporated, and we're going to look at this on the one month chart as well as the two day, one minute chart and give you an idea of what kind of price action we can expect. Based on the current trends, so we're gon na look at the overall volume going into this dock. I do have a fibonacci retracement drawn up very easy to do. You come into fidelity pro go to draw click on fibonacci retracement.

You put the base on the bottom of the run-up and you connect the peak to the top of the run-up, and it gives you an idea of how a stock is going to be retracing, and we actually have some really nice retracements in here, which we can Use as information for the future, so we'll talk about that, we'll establish some levels of support and resistance. Here, we'll talk about the overall volume. I've got three different indicators pulled up the rsi, which is the relative strength index. Anything over 70 is overbought.

Anything under 30 is oversold. I have the 200 ema, which is the exponential moving average, and this is just a price action based valuation trend line over a 200 day moving period and then the 15 day vomit, which is the volume adjusted moving average. Some brokerage accounts won't offer you this. You might need to use the vwop or the m8, but uh they're about the same thing, and this is a 15 day price action based valuation trend line, adjusted accordingly to the overall volume going into a stock.

So we'll talk about that we'll talk about what these all mean show you both some bullish and bearish patterns, that we're seeing on the charts right now. Potential entry points potential exit points, whether you should swing trade. This mid trade, this long trade, this the whole nine yards. So buckland we've got quite a bit to talk about here today.

So before we get going i'd like to get a quick shout out to the guys over at the patreon, we are over 550 members strong now, which is absolutely mind-blowing. I can't believe how fast this channel has grown. I honestly can't keep up but uh. I really do appreciate the support guys they will have access to the private discord as well as real-time insights.

My personal training we've got a lot of great stuff in here. We've got chatting questions, investing assistance, options, trading, stock, bot, really great tool which i'm about to use actually short term plays midterm plays long term plays, spac plays colt stocks, a whole bunch of different sectors and industries. If you're interested in joining there is a link to the patreon in the description box down below, and we do have a lot of really good investors here. Uh we've got uh mallard made 20.

This last month, we've got free spin made 58 in one week. Nasty. That's so filthy, so if you want to be a part of this community check out the link in the description box down below now we're going to be reading, you a quick description on a nouveau. So let me just find the the tab here for it, because there is something that i want to show you guys with the stock one.

Second, all right. So, if you're not familiar with what a nuvo is we'll just read you off a quick description and then i've got something i want to show you in the in the discord, so a nuclear engages 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, which is the one that gets my my attention.

Intent key and digital publishing the valid click service is software for publishers that offers a pay-per-click solution where advertisements are targeted to consumers based on content and behaviors. There's a lot of money in ads guys that gets my attention. The intent key service is a consumer intent. Recognition system designed to reach highly targeted, mobile and desktop and market audiences with precision the digital publishing service includes branded web properties with content, developed edited and published by anuvo, and they are currently a 208 million dollar market cap company trading at 1.71, and this is very Interesting to me, institutional ownership on the company is 27.3 of the total shares.

That's a big deal. You don't see. Companies buy into a stock like this. A penny stock like this with that much of a stake if they didn't believe in what's happening here.

So i think that adds a lot of confirmation to what i'm thinking right, um, i think of youtube. Google, facebook, twitter, uh, all these big youth, all these big ad companies, i almost said youtube twice. I think of all these big ad companies and there's millions and millions and billions and billions of dollars in this industry. So if they can step in either as a competition or as a tool in which these big wig companies can utilize, they can make a lot of money to get ads in the eyes of the right people.

So that is something that i wanted to share with. You guys, i find that very, very interesting. So, let's look at the charts right here: we're gon na look at the retracement first and foremost, so we we retraced from 66 cents to the peak of about 2.35 cents, which is the current highest level of resistance, and we have a beautiful, beautiful, beautiful, beautiful, triple Bottom on uh, oh man, that's so nice triple bottom on the 50 retracement, which is the healthiest retracement i've seen on a chart in a long time. That is good uh.

Typically, when you see a retracement of only 50 percent, that indicates a lot of strong buying pressure, so we're seeing a lot of buying pressure. We've got three bottoms here and we've got two of them, pretty short back to back swings. We got the big fat george, w uh jebia for winning ver. It looks like a w.

That's why i call it a w, so we're gon na call it the george debian. Thank you ghw. All right, i'm done! I'm done! I'm done, i swear anyways. We got the nice double bottom, coming off that 50 retracement.

Looking for an entry point, what do you do? Well? A dollar 71 does appear to be the current acting level of support. If you see this dip back down to 1.51 um, i think that is a good entry point, as it sits right now in the pre-market. It does look like there's a little bit of indecision. We've got uh, we've got a little bit of selling pressure, but a little bit of buying pressure too.

So there's indecision in the market. Right now, we are starting to slowly work. Our way up. I think that a dollar fifty one is the bottom.

I stand by that. We did have three opportunities in which for sellers to push the price back down and it failed to do so. So i stand by my prediction saying that a dollar fifty one is the new floor um, but i do think, if you're looking to get a position, if you find it anywhere between a dollar fifty one and a dollar, seventy one. You are going to make money.

If you hold it for even just a week uh, i do currently have a position in nouveau. This would be completely transparent, i'm sitting in it with a dollar cost average of one thirteen. Five two thousand two hundred shares currently up 1419, and i am looking to add to my position without a doubt. I am going to be looking to add into this at about a dollar fifty uh, depending on how buy all works out today.

I'll show you how that's looking, i might trim some of my profits from bile and put my earnings into a nuvo as well as uami, which i will be putting a video out on later today. So enugo looks pretty good right now. Uh entry point around 1.70 somewhere between about 50.70, is going to treat you extremely extremely well. Volume is down a little bit the last two days, so nothing nothing to write home about, but the correction from this big run up was very nice, not bad whatsoever.

The lowest point that we see is 32 and it immediately corrects people eat that dip up uh and come back up buyers step back in at that dollar, 51 mark and brought the rsi almost all the way back up to neutral, hair above neutral. Actually so we are approaching this overbought territory, it does look like we're getting ready for another bullish run. If i had to guess what would happen, i can expect that we're going to retest this dollar 95 at some point today, uh today or tomorrow, and if we see a nice bounce off a dollar 95, you can play this out a couple different ways. You could swing this, so you could enter at 1.71.

If you see it bounce off a dollar 71 ride it up to a buck. 95 collect those 20 cents. If you see it, bounce take profits. If you don't keep riding and then if it pushes through uh.

This next level of support - or i mean resistance at 215 - you see it bounce through there takes it. Take here. Take your profits. If you see a push, keep riding push through 235, keep riding bounce off 235.

Take your profits! This stuff's too easy guys. I'm telling you it is so easy to rinse and repeat in the market. There's a million ways to make money. All you need to do is look at the trends and the patterns and see how you can predict the price action on a stock and nuvo looks very predictable right now, unless we get another huge pump and volume which we're not anticipating, because i haven't seen any New news out, yet it should be a pretty similar day of price action as here, unless we push through uh this level of resistance at a dollar.

Ninety five, so let's change over to the two day, one minute chart real quick look for any other price action or patterns that i am noticing and it's a little bit choppy in the pre-market right now. I am up at 3 47 in the morning. So there's not a lot of volume to back up the the price action, but if we look at uh yesterday, i keep saying yesterday weekends aren't the same guys. You already know you already know you already know.

Fridays are the mondays big, stupid, anyways um. If we look at friday's price action, we did see a nice amount of volume to close off the day, and this is immediately after they were talking about a direct offering they closed the direct offering on friday at a price of a dollar ten. And to me this indicates an extreme amount of strength that we did not push under a dollar fifty. If, because the thing about this, if the company is selling shares for a dollar and ten cents, what incentive do you have to keep the price over a dollar and ten cents? If that's what the company thinks they're worth right? Well, that tells you a lot about the buyers here.

They're saying hey, i don't care if the company thinks this is worth a dollar ten. I think this is worth at least a dollar. Fifty i'm gon na hold my position and a lot of people did that, and that indicates a lot of strong buying pressure, buying, presents and a lot of people holding this stock and, in fact, when the stock got beat up a little bit throughout the day. People step back in at the end of the day to take advantage of that and improve their position in the company.

So that looks absolutely beautiful. I love everything about the price action we saw on friday uh. You just can't ask for much more currently in the pre-market we do have a cross under on the 15 vomit, underneath the 200 ema currently trading at about a dollar 78, so exactly neutral is already closed off on friday. So that is how we are looking right.

Now - and that is what i have for the video for you guys today, 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 and lastly, i do have an affiliate Link in the description box down below for weeble, if you deposit a hundred dollars, you'll get four free stocks, i'll get some free stocks. If you're interested check it out. If not that's cool too, i don't really care uh. I just i'm just glad you're watching my videos and taking the time to rock with trey's trade.

So that's what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace.