Nothing like a cold blood light to start out the day. Am i right? No, i'm just kidding it's a diet. Do what is up. Everybody welcome to trey's trades, we're doing a technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks.

I like the purpose by saying that i am not a financial advisor nor expert. I am just some random do on youtube, 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 in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money In the market - and i am happy to say that i am not only now financially free, but i'm doing pretty well for myself uh. If i can pass along any of that information, the resources or tools to you guys make your lives a little bit better off than they were before.

That's all a guy can ask for. Lastly, if you would not mind dropping a like on the video really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day now, i just want to give a quick uh shout out to You guys yesterday or not yesterday, two days ago, we were at 1 000 subscribers. So in the last two days we have almost hit 2 000 subs. That is awesome.

Thank you guys so much. I love the community we're building out here. I love. I love the fact that uh, you know what we have here is pretty unique, i'm really enjoying what we're doing here at trey's trade.

So thank you guys so much. I just wanted to give a quick thank you to to my uh community out here and i'd like to thank my four patrons that are currently uh here at the patreon. I'm going to shout you guys out real quick. It is uh.

We are looking at zach, francis and brandon, who, who hopped on the growths here and a big shout out to mike for joining the tier of filth. I really appreciate your guys's contributions. That is absolutely phenomenal. Today, we're going to be looking at ticker symbol, j-a-g-x, jaguar health incorporated - and this is my favorite penny stock to play today.

I am going to personally play this as a swing trade. Some people might play this as a day trade, but i'm going to make my case for both we're going to take a look at the current resistance levels. The current support levels, the volume action, the volume weighted moving average, which is this green line right here versus the volume moving average we're going to be looking at uh. You know how long we should hold the stock potential entry points exit points, the whole nine yards.

So let's get right into the video uh, we are looking at a powerhouse monster of a stock. If you look here, you know we entered at 69 cents. You know a couple days ago, three days ago and in the after hours or the free market, as i was, we are currently trading at two dollars and 30 cents. I do think the stock is going to see some pretty massive growth today, and that is because there is merger rumor, that this stock is surrounded by this stock is expected to release some news today, at 11 o'clock, est or 10 o'clock am central time.

If you're from the midwest like, i am i'm from minnesota, my friends and uh, that could be huge. So if this stock, if jaguar health, does announce that they have a merger happening, i would not be surprised whatsoever if we push through three dollars, four dollars and potentially even five dollars by the end of the week. I do expect that we'll see a pretty massive run-up, initially followed by a drop, so i'm planning on writing this up with the with the initial rise. If we do see the merger deal announced either way, i do think there is hype surrounded by this merger.

So if it does not happen, i think we'll see a run up up until the news is announced and if they do not announce a merger, i i do anticipate that we'll see a pretty heavy drop. So i will be exiting my trade at that point. If there is no merger announced - and i will be looking at the stock further at that point - so we do have a couple different resistance levels set uh and support levels. So we've got support right now at two dollars and thirteen cents, which was a previous level of resistance that we pushed through, and now we have a resistance level of 249 that we touched in the pre-market.

That is absolutely filthy. I'm loving the price action that we're seeing right now on jagx, currently trading at two dollars and 25 cents, and we have one more fallback support level at a dollar 74.. Should we some uh for some reason: breakthrough 213.. Now i have a position in this stock.

I will pull it up real quick, i am currently in jag x, with a dollar cost average of 113 900 shares. My only regret, honestly is that uh that i didn't put all of my dry powder into the stock. I did get into ocgn, which is not looking quite as good, but it does have potential so we'll see where that goes. That'll be for another video this morning, um, but jag x is looking very good.

I do very firmly believe in this stock. Currently, i am up in the pre market - almost 100. I think actually 100 right on the dots, so we're doing pretty solid here, i'm loving what we're doing out here, uh if you have a position in jagex. Let me know in the comment section down below.

Let me know what your margin of return is. Let me know your entry price and let everybody know that you're making some money, because that's what we love to do out here at trey's trades um. Let's look at the look at the the volume weighted moving average. We have been in very bullish territory.

There has been no point in the last day that we have been bearish whatsoever. It has just been clean and smooth movements which i'm really liking to see the rsi indicator as well. We are over 70. Anything over 70 is overbought.

So do keep that in mind. We are expecting a pullback at some point. Anything near 30 is oversold. So if you do see a drop below 30 on the rsi and the charts at any point today or the next day, if the merger is announced, i would expect a pretty harsh buying pressure.

I would expect some sort of bounce off of whatever support level. You know if we drop below 1.74, you know we do have a secondary or maybe a third support level right here at about 1.62, 63 or so 1.64, and if that does happen, i expect that we would bounce off pretty well. You know some people might argue. This is a pump and dump kind of like we saw here, but i don't think that's the case.

I do think this stock is being pumped up due to the possible merger rumor that is circulating right now and if that does go through this stock is going to be absolutely filthy. The margin of volume that we're looking at here, you know if we look at this compared to the volume that we saw before we're only looking at about half of the volume now the the highest spike that we see here is 45 million for a 30 minute Trading window and the highest bike that we see here is 81 million. So that's almost half of the the volume that we saw in that initial bump up from 34 cents, all the way to a dollar 27. I believe it was yup 1.29.

So i think that there's still more to come. I think this is just starting to warm up. I think jaguar health has some great potential, and this is my favorite penny stock to be in right now. I do think that there are other plays out there.

That can do well for you potentially zone zom ocgn might do pretty solid. Bng0 might have a bounce, although it's not looking great in the pre-market. It has run up over 1 000 in the last week, so i do expect the pullback and we may be getting to see that pull back on bngo. So i do love jag x quite a bit.

I do have a position in this stock. I would recommend getting into it, so let's talk about potential ways that you can play this out right if you get in at two dollars and thirteen cents, which i do think is a pretty solid, uh entry point, you know i would ride to see if we Break above 249, if you're looking at a day trade and at that point, if we do break above 249, three dollars to me, it seems like the most logical level of resistance that we're going to be trying to push through and if we can push through three Dollars and i would not be surprised whatsoever with a 330 340 350 end of day price valuation. Of course, if you are up anywhere between 10 to 50 percent on a day trade, i would be completely happy taking profits. However, my best strategy with this and my suggestion is to play this as a swing trade.

If you got into the stock yesterday, you know you're already up over 100 percent. If you got in our 80 cent price target, like i mentioned in uh in my previous video covering jagex when i predicted that it would run up but uh, i think there's still more to come. I think this. This stock is retracing a lot of moves that look like bngo.

If we pull up bng0 bio nano, you know it's the same stuff guys it's! It's completely bullish movement, very smooth, breaking through resistance very easily, not a lot of bearish action whatsoever. The smallest pullbacks that we have were followed by immediate buying pressure, and i am seeing very similar moves out of jag x. So if we change jagex here to the same time horizon, you know, let's change it to 10 days. This is looking a lot like what we're seeing out of bngo.

Am i saying it's gon na reach, seven dollars someday. You know not necessarily it is possible. You never know, but look at this guys extremely bullish movement, not a lot of bearish action happening uh the volume slowly ramping up. If i had to guess this is about where jagx would be right now in the in the in the chart.

In the grand scheme of things of bngo is this day right here, which is the 29th of december. You know we were up from 72 cents to 1.31, so it is up more overall. Maybe you could argue we're about here on the scale of things. Of course, i'm not saying this is going to happen, i'm not a wizard.

I can't predict the future if i could we'd all be millionaires, but i do think that this stock has potential to do the same things that bio nano genomics has done in the past. I really love jagex. I think it's going to do some awesome things today. As long as the hype around the potential merger continues to be a factor in the trading market, so that is how i'm personally going to play out jaguar health uh.

Let me know in the comments: if you have a position in the stock, how you've been doing how your returns are looking uh this this is looking like a powerhouse play. I'm really loving this, i'm loving the quick action. It's not very often that you get weeks where you can. You can run up over 100 percent margin of return on a day or swing trade and penny stocks.

It has been absolutely phenomenal. The biopharmaceutical industry and sector right now is hot. That is where the money is flowing, and that is where we are going to keep putting our cash for these, these uh quick trades and quick, easy money. So that is what i have for the video if you liked it, please drop a like if it does help support the channel.

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So that is what i have for the video today and i will see you all next time my friends, peace.