What is up, everybody welcome to trey's 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 the premise by saying that i am not a financial advisor nor expert. I am to 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 thirty thousand dollars deep with 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.

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These guys will have access to the private discord, as well as real-time uh insight to my my trading, so we're gon na be looking at ticker symbol. J-A-G-X jaguar health incorporated today uh just giving a little bit of an update for those guys out there. I try to update every day right now. I do have a position in this stock just to be transparent, um.

I am currently sitting in jag x at a dollar cost average of about a dollar 13. uh 900 shares currently sitting up about 77, but i do see a lot more upside here, which is why i have not sold yet, and i will explain that in a Minute but uh, if you're a part of the channel, you got it at 80 cents and you saw uh some pretty filthy returns. You know we did almost see three dollars if you got an 80 cents like i suggested when we brought this stock up to the channel uh you'd be looking at. You know nearly a 400 return, so that is absolute money patch yourself on the back.

Oh that's! What we're talking about i'd love to see it so we're gon na have an update on the technical analysis on jagx we're gon na talk about levels of resistance levels of support from a macroscopic and microscopic point of view. We'll talk about the rsi, the relative strength index, i do have the 200 ema exponential moving average pulled up as well as the 20-day volume weighted moving average we'll talk about what these two things mean. Moving forward and some different patterns that we're seeing on the charts. So, if you're new to the channel, let's give an update to you real quick on what jag x is jaguar.

Health is a commercial stage pharmaceuticals company which engages in the development of gastrointestinal products. Its products include canelovia, equivalent and neonorm. It operates through the human health and animal health segments, the human health segment manufactures human products and the ongoing advertising of my testing, which is used for the symptomatic relief of non-infectious diarrhea in adults with hiv aids and on anti-retroviral therapy. So they're doing pretty well right now because of this, my testy drug, that's a pretty positive results pop up on on that drug, and you saw a pretty initial spike in the stock price valuation.

I think this would have been right around here and since then it has been doing pretty decent um, i'm not mad at all about how this has been performing. I mean we were at 68 cents just around six days ago and we're currently sitting at two dollars and nine cents and there's some good things coming now. The reason that we saw this huge spike up is there was expected to be an announcement on a possible merger between this company and another company, and while that did get pushed to the right a little bit, we are expecting that to be announced on monday at Their webinar and i do expect that to happen. That is why i'm currently sitting in this trade right now, um i'm going to swing trade.

This stock - and i do have an article pulled up right here - just to give you an idea of what we should expect out of jaguar health, so they sort over 40 in heavy volume on track for their 18-month high. I do expect an analyst um price prediction to improve. I would expect an upgrade on their their overall price um prediction, so shares of jaguar health saw more than 40 percent on tuesday and heavy volume, their increase of 40 percent, extending their recent strong gains and putting the stock on track for its highest level. Since mid 2019., there is no news propelling the stock higher, but jaguar has steadily climbed, since it announced a licensing deal in december with canada-based specialty pharmaceutical company night therapeutics incorporated in which jaguar could receive up to 18 million dollars in milestone payments, and this is that Possible merger deal that i was talking about.

People are buying this stock in anticipation for the news release and i would not be surprised whatsoever if we do see them shoot up over five or six dollars once this merger is announced if it does come to fruition. So this is looking pretty solid on on the stock. I'm very happy to see you know how we're doing here um in early december, the company said it granted an extension by the nasdaq through march 10 2021 to get its stock price back in compliance with listing rules which requires that it trades above one dollar. For more than ten consecutive days, i do think they're on track to do that.

They're, looking pretty good if they can just hold this for a while, you know - and i do anticipate they will. This would be a pretty solid stock. In november, the company posted a net loss of 8.27 million or 21 cents a share for the third quarter after a loss of 11.7 million or two dollars a share. In the year earlier period, revenue came to 2.8 million up from 973 000 a year ago.

You know with these kind of pharmaceutical companies, you know that you're getting into them because of the news catalyst and not necessarily for the great financial situation. That is a very common trend in the pharmaceutical sector. Let me just say that the pharmaceutical sector right now is hot. Oh man, they're killing i've made uh.

I made up pretty well in bio nano and if you were a part of the channel - and you were subscribed, you've done pretty well in jagex bio, nano and oc and g uh you're, probably sitting pretty decent right now. We all made over 100 margin on on all three of those stocks, so uh we're very happy to be rocking with where the money's going right now. So we do have some levels of uh supports in at a dollar. Ninety one uh dollar sixty one and a dollar twenty nine.

I anticipate that we're probably going to stay in this pretty tight price zone between 1.91 and currently 212, and let me give you a couple reasons why so the relative strength index is looking really solid. You know anything over 70's overbought. Anything over 30 under 30 is oversold and we have been hanging. You know pretty neutral for quite some time now, since they pushed that webinar to monday, and i think a very solid you know indicator of strength in this stock.

Is the fact that it did not plummet after the webinar was moved? I think a lot of people see some solid potential in jagx and that possible uh merger or spec deal that will be following on monday if that comes to fruition. So i do think this is going to continue to see higher lows and higher highs and keep pushing further up on the charts. Now i do have the 20 day volume weighted moving average in the 200-day ema pulled up. The volume weighted moving average is a little different than the vma, the volume moving average.

It does take into consideration overall volume and corrects the overall trend line based off of that and the 200 ema or exponential moving average is an indicator that just gives you an overall trend line based on a 200-day average of the stock price valuation. And i have these pulled up, you know side by side, so you can see a very important level in the stock, and this is always very indicative to me if we zoom out here after i label this, you can see if we had got into this trade Right off the bat when the volume rated moving average pushed above the 200-day ema at this critical zone, and you got in right at uh right at 71 cents, you would have done pretty freaking well. You'd have some filthy margins because the stock shot up after that. This is a very bullish indicator on the stock and if we do see a dip back down and then cross back up again in the future, i would be putting out an alert saying, hey guys, look.

This is going to pop off there's some good things. Coming. Um, we need to get into the stock, so that is something that i really like, and that did happen at the same time that we saw this this little bump in in volume. This unusual trading volume - and that is how i got this stock out to uh to my subscribers, so that we could all make a very quick, quick kick out of this stock.

We didn't end up chasing it. All everyone got in at 80 cents or so 80 cents to a dollar. I got in a buck 13.. You know i was pretty tied up and buying anogenomics, not that i could complain.

I was up about 160 and that i know others are up even more, but you know it is going to pay off and i would not be surprised whatsoever if we push through this three dollar mark by friday, uh and then five dollars by monday. If the merger is announced - and that comes to fruition, so i'm really liking that um. I do have drawn up here a descending wedge and let me explain what that is. So if we take a trend line from the highest point at three dollars and then it's trend line starting at a low point in which we see you know a trend start to follow, we can see that there's a squeeze happening right now on jagx, a very Tight price zone and if we zoom out - and we extend this right - we extend this trend line.

We keep following the trend. Extend this one, keep following the trend. You can see that it's starting to tighten up and what happens when these two points meet right. Something's going to give - and i expect it to give in the upward direction, so this is currently an acting level of resistance, and this is currently an acting level of support and if we can push up, you know - and we push through this resistance line on this Trend line, i expect a pretty harsh and steep climb in the stock price and i would not be whatsoever surprised if, today or tomorrow we push through 250 or three dollars.

This is a very bullish indicator. That's why i wanted to bring this to your attention. Um, just because i saw this when i was looking at the charts last night and uh, that is a very big sign that this thing is trending bullish, so do be watching for that. If we can hold above this dollar 91, that's going to be absolutely phenomenal, because this is a level below the current descending wedge pattern.

I do like that a lot that is looking very, very nice, very solid, bullish strength in this stock. It is holding very well um and i honestly uh, i i'm not surprised whatsoever. This does push over two dollars and fifty cents or three dollars today or tomorrow. You know monday is what we're expecting i'm gon na be holding until at least then, and if the merger is not announced.

You know, i'm gon na get out. Take my profits i'll be a very happy guy um. But if that does happen, the upside is very, very high. So there's a view on the macroscopic viewpoint on jagx i do have pulled up the one day.

One minute chart. We can look at uh some levels of support and resistance that i've got drawn up. You know we're looking at a dollar ninety two: a dollar, eighty dollar, seventy five as current levels of uh, support and resistance. You know this blue line is a 200 ema.

This light blue line is the 20-day volume weighted moving average, and you can see that we had a crossover on the one-day one-minute chart on the uh, the volume moving average and the 200 ema, and if this comes to fruition, just as it did last time, this Is an indicator of more bullish momentum and more bullish movement, so i do think you know we have been bullish for the last couple days or so you know we did have a pretty steep sell-off from that three dollar mark, but we did finish off the day. Looking pretty decent, i mean i mean we are currently trading, you know in the pre-market at about two dollars and eight cents, looking pretty solid, we are up in the pre-market, which is uh, which is awesome and we did go up in the after hours as well. Looking pretty solid there so do watch for two dollars and thirteen cents and two dollars and twenty eight cents as uh. You know levels of resistance.

If you are looking to day trade, this, you know trying to get in anywhere around 1.92, i think, is the most realistic possibility, especially considering this uh descending wedge pattern. I do think we're going to stay pretty tight in price valuation until something gives in either direction. So if you can get in, you know we do drop below this descending wedge. You know, 91 looks good.

A dollar 61 looks even better. I don't think you're going to see a dollar 29, but if you, if you do scoop that up because you're going to see some massive payoff, if that merger does come to fruition on monday, i do think it is a better idea to to swing trade. This than to day trade, just based on the momentum you do want to trade with the momentum on a stock and the momentum is looking pretty good. I personally would not short this.

I think that's a death wish, i think you're gon na end up getting burned. Pretty bad, i would try and long this stock if you are looking the day or swing trade and write these uh these levels of resistance and support down, if you are looking for potential entry and exit points for that trade, so that is my update on jag X, for the day, please drop a like on the video. If you enjoyed it, it really does help support the channel. Consider subscribing if you like, to see more content like this, as i do post videos every day, multiple times a day and then.

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