What is up, everybody welcome to trace trades, where we have technical analysis on different stocks of the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the preface by saying that i am not financial advisor nor expert. I am just some random dude 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 because of some very close family friends and mentors, i was able to work really hard and invest my money in the market And i'm happy to say that i'm not a financially free guy, so if i can pass along any of the information resources or tools to you guys to make your lives a little bit better, that's all a guy can ask for.

Lastly, if you would not mind 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 we're going to be giving an update on jaguar health, i put out a video last night at About, i probably would have been about 8, 30 or 9 or so, and i said guys watch this stock because it is going to pop off and uh. I stand by what i said and what do you know just give it a little update here. It is getting ready to do its thing uh. If you look at the trend here, you know we saw a big spike in the after hours on the last time that this happened.

We saw this huge spike. A little bit of price rejection came back and then it went and shot to the freaking mars guys it went up and uh. I think you're gon na see the same thing happen here. You see this: it retested a dollar.

I came back down a little bit of price rejection, we're sitting at 90 cents if you're able to get in you know at 80 cents. I think you're you're going to do pretty well guys and one thing that i really want to pay attention to and show you - and this is uh. This is very interesting to me. Check this out.

1.135 million shares traded in a one minute chart holy crap holy toledo. That is filthy. There is somebody out there. That knows something guys.

I am telling you right now, if you didn't get to watch my last video. This is the sign that you need that this stock is going to go absolutely insane today, um, i i shared it on my twitter. I shared it on my stock twits. I tried to get the word out to you guys, um honestly, if, if bng0 wasn't going absolutely nuts right now, i would i'd hop in this stock with you guys, but bngo is uh.

It touched five dollars, so i think i'm gon na keep my position in that stock. That is up a pretty large amount. I am in at about two dollars and 37 cents um, and i just don't see how it's a good idea for me not to not to stay in that stock. But with that being said, jagex is going to do some amazing things guys.

So i would recommend, if you are not already, if you see any sort of pullback under 90 cents um, i do think we're going to retest that dollar mark and push through that resistance. Now i got asked a lot of times: hey trey. When should i exit my trade, should i take profits at a dollar, should take half of my profits at a dollar. This is intended to be a day or swing trade.

An easy money play as chris sane would call it if you are up 10. 20. 30 on your trade. What i like to do personally is set a trailing stop loss on my investment.

That way, you know if it continues to run up. I can reap the benefits right, but if it drops down five percent seven percent eight percent - i am done i'm done with the play. I can lock in my 20 gain or my 30 gain and and not be mad, that i didn't take profits when it drops back down. As most penny stocks will have a pretty harsh price correction.

We saw it here with this one. Oh excuse me. I need more coffee. We sat right here in the past and when i hit a dollar 27 there was a pretty major price correction back down into the 67 price range um.

So that's like a 100 drop in price valuation. So hopefully you took profits when, when it peaked out but watch this stock closely, so we're gon na we're gon na zoom out here on the one day chart and uh well you'll, be able to see it better on this chart. We're gon na lay the resistance level again, just in case you didn't get to see the last video we're looking at a newer one at about 76 cents, we'll call it 75 cents and if you're able to get in anywhere between 76 cents and i'm going to Say the current volume moving average price of 81 cents. We are trading above the volume moving average.

So if you do see a dip back down, please please please take advantage of it because we are going to retest this one dollar mark. I hope you guys were able to get into the video. I hope you were able to see my last video i'll leave a link in the description box down below, but i did predict this would happen. So i hope that you took my word for it.

I hope that you were able to get in, i hope, you're able to make some quick cash uh. It makes me happy to know that we're eating good out here at trey's trade, so that is what i have for the video today. I just wanted to give an update. I wanted to clarify some game plan strategies on how you can trade this stock try to get in if you can, between 76 cents and 82 cents, take profits or at least set a trading stop loss after you are up 15 20 percent, because you know you Can't get greedy, this is a business, we're not gambling guys right um if you're up 15 or 20 in a single day.

That's phenomenal right. There are some stocks that you'll sit for a month and they won't grow 20. So you got to be happy with the profits that you lock in um. I do think it is possible that we retest this dollar 27.29 mark you know, so i will draw a resistance line here, so keep that in the back of your mind, try and write these numbers down.

If you need to that way, you just know what to look for, but we're going to be looking at a dollar 29 first and then a dollar right here. So if we can break through this dollar mark, we have tested this resistance line two times. I'd argue three times because once we broke through a dollar, that's when you saw this huge spike up to 1.29 right um, so do be watching that, because that is gon na be a huge level. If we can break through this dollar, i really do think you're gon na see a dollar twenty, nine and uh.

If we flirt with that resistance line, if it hangs out there for a while, you know you might wan na hold on to your your trade right. But if we do the same thing that happened here, if we get in here and we retest this dollar 29 and it is immediately rejected, get out. Take your profits guys because it's not guaranteed it's going to come back up. This stock is very volatile.

When there's this much volume pumping in it can drop up or down 30 40 percent in a couple of minutes. So if you see a touch a dollar 29, i would promise you you'd be very happy taking profits at that price level guys. I would be incredibly happy taking profits, i mean, if you're in at 80 cents - and you got it out at a dollar 29 - that's almost a 50 percent gain and uh in a single day. It'd, probably take you, you know a couple hours of work so um.

That is what i have for you. If you have any questions on how to trade this stock, please let me know in the comment section down below i tried to make it as crystal clear as i could for you guys. I know there was a little bit of confusion in the last video. I really hope you guys were able to take advantage of that.

I tried to make it as as easy to understand and uh and uh set you guys up for a quick money play this monday morning, so um, i'm personally gon na be staying in and be ngo i'll give an update video on that next. So, thank you guys, uh. If you enjoyed the video, please drop a like. It really does help support the channel.

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So if you are a content creator or interested in becoming a content creator, i do highly recommend it. If you use my affiliate link in the description, i do receive a commission off of everybody who signs up and they also have a free option. If that interests you or if you're not interested at all, i'm just glad to have you as a part of the channel. So thank you guys for coming to the video, and i will see you all next time, my friends, peace.