What is up, everybody welcome to trey's trades, where we got technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks. I'd like to preface by saying that i am not a financial advisor nor expert, i am just a man i'm doing on youtube, 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 30 thousand dollars deep and some pretty bad 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 now financially free, but i'm living pretty well off at the age of 23.

So if i could pass along any of the information resources or tools to you, guys make this community a little bit better off than it was before, that's all a guy can ask for. Lastly, if you wouldn't mind drop a like on a video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do upload every single day. So a quick shout out over to the guys at the patreon. You know joy, edmar, raphshawn, albert flacco, everybody that's joined so far, uh.

Thank you so much. I really appreciate your support. They will have access to the private discord, as well as real-time insight into my uh, my daily trading, and thank you guys so much for pushing us up over 2500 subscribers. It is absolutely insane the growth we've been seeing on this channel.

I did just start 20 days ago, so we are, we are absolutely rocking. I love what we're doing here in the community and it is beautiful. So, let's get right into the stock. Today we are looking at ticker symbol and mtr nine meters biopharma incorporated, and this stock was brought up to me actually in the private discord over the patreon, and i decided to look into it a little more closely and i am liking.

What i'm seeing here and honestly, if i'd, seen the stock yesterday, if i saw this little bump in volume uh, we would have got in on this without a doubt. I would have put this up on the channel immediately, just like i did with jagex, and i would have said hey look guys. This is a buy signal. This is a huge, huge, huge buy signal and you can see if we pull up.

If we pull up jagex, we saw the exact same thing happen right before jagx popped off. You can see this little spike in volume. It popped off that same exact thing is happening right now with nmtr and it could continue its trend, but we're going to take a look at the technicals and see some potential entry points exit points. What we should expect uh different uh different indicators such as the rsi, the volume moving average, the volume weighted moving average as i was, and the ema the exponential moving average.

I just added this in and i i'll give an insight into that a little bit. But let's first look at what this company is, so i have their website pulled up and i'll leave a link to everything in the description box. If you'd like to take a closer look, i got to slow down. You guys tell me i'm rapping, i just got so into the video guys.

I really i really love. What we're doing 9 meters incorporated is a rare and unmet needs focused gi company. The company is advancing drug candidates for short, bowel syndrome and celiac disease. Nine meters is led by a strong management team with a history of bringing novel therapeutics to market, and the company owns all global rights to their products, which are backed by more than 150 patents worldwide, and this is a big piece to me that really catches.

My eye is the 150 patents worldwide. This is very similar to mvis, and patents are pretty much guaranteed profit right, they're guaranteed to make money off of those those patents every year as long as they don't sell them right, but that is that is huge. They own. The rights to these patents and uh that should be a revenue, uh revenue hold for some time to come now.

I also have pulled up uh nmtr on yahoo, and i just wanted to show you guys the some of the stats on here. The market cap is fairly small, 337 million. Is the market cap, so not a very highly evaluated company, but the upside does seem pretty decently high right now, they're sitting at an overvalued price as to be expected. As we look at the charts here, you know they have grown uh since yesterday you know 88 cents, all the way up to a buck 63 you're, looking at a 100 return on this stock, just in a single day, so not surprising to see that they're overvalued At this given moment uh, they are currently sitting at their their 52 week high a dollar 77.

You know just a hair under that. They did touch that earlier in the day and if we look here at the analysis or the financials the analysis we are looking at either a strong buy or a buy opinion on this stock. There are huge recommendations to buy this. It's got a 1.7 rating on a one to five scale, one being a strong buy five being a cell, and i do think that this has some great potential upside.

And personally, if i had some dry powder laying around, i would probably get into this stock. But i am pretty tied up right now in uh in bio nanogenomics. I did just get back into that stock today and jagex. Those are my two uh two quick swing day: trading opportunities and nmtr on stock twits is looking at 11 000 followers.

However, the traction and momentum that this stock is grabbing right now is going through the roof, they're up almost 170 percent message, volume up three and a half percent in sentiment and on the day they are up 50.47 percent, and that is considering the fact that they Gapped up right so do keep that in the back of your mind, this this stock is hot right now. So, with that being said, we have a pretty brief overview of what this company is. What they're, looking like it's not looking too bad we're gon na establish some levels of support and resistance on the chart right here, so i really do like a dollar sixteen, we do have. You know a couple of candles that are touching right here at a dollar.

Sixteen and then currently, the next level of support that i am seeing, is at a dollar forty, nine a buck. Fifty and this makes sense because this was a prior level of resistance, a very strong level of resistance, and you can see right here once we push through this. You know we did have a false breakout retested, a previous level of support, we'll go over a little bit, but we retested and shot through it, so that dollar fifty mark is a huge level that i would watch for in the future. We are currently trading above that at a dollar sixty dollar fifty nine and i'm really liking that um.

I also have pulled up the volume weighted moving average. This is an indicator that tells you you know how the trend is, is going with volume taken into consideration, and that is this green line that you can see right here. So we are trading above the volume weighted moving average. However, not by a lot and then i do have the ema pulled up the exponential moving average and this is also an indicator of overall trend on the stock.

And this is what you could call like. The average valuation on a company right so based on the overall trend that we've been seeing over this last month. We are looking at a dollar 22 as the ema value. Now that is different from the one day chart, obviously, because this is taking the exponential moving average on one day versus one month, so i have them both pulled up that way.

You have an overall picture of both the macroscopic and microscopic view on the company. So you can see you know if we look at the one day chart, they are currently trading underneath we did see a pretty pretty small pullback. You know rejection here at the resistance line at 1.75 and i assume that we're going to see some sort of price correction - maybe test out this level of of support, look for a little bit of a bounce, but this this stock does have some pretty solid momentum. Rolling right now, some pretty good hype.

The trend is definitely upwards. It is very bullish territory. So i'd, imagine that's how this is going to play out for the rest of the day now i do also have pulled up the rsi indicator. This is the relative strength index.

Anything over 70 is extremely overbought. Anything over 30 is oversold and we are trading over 70 right now. So i do imagine uh. This can play out a couple different ways.

So you know looking into tomorrow. We may see something along the lines of you know. Let's say that we close at a dollar fifty five right, uh a dollar, fifty five. We may test out this level of support at a dollar, forty, nine and we might see it bounce back up or we might see a test at this level of support at 1.49 and then you know a rejection.

We see a little bit of uh price correction and we could come down to this previous level of support at a dollar uh. There are different levels of support that are in here that we'll be able to see more clearly on the daily chart, but that is a couple different ways that this might play out. So i'm going to keep this personally on my watch list, i'm very intrigued by the stock. It is risky right, there's a lot of risk involved in any penny stock.

We are up over 100 on the day or the last two days. I should say. Excuse me um, so you know the downside. We don't really know how much this is going to correct by right.

We can't predict how much of a pullback is going to happen when we see this much of an increase in valuation and this much of an increase in volume right. This is uncharted territory for the company, but the upside definitely seems extremely high and i am really liking what i'm seeing right now on the technicals. So, let's take a look real, quick at uh nmtr on the one day chart and we will establish the levels of support and resistance to to keep in mind potential entry points, exit points, etc. I'm really liking a dollar 24.

As you know, one level of support down here we do have one two three different contact points. If we come back, this seemed to act as a previous level of resistance, so i am really liking that that's that's a huge indicator. This is a strong level to hold. If we can hold this, you know you see uh, you see the price come down test 124 and it bounced back up.

That's probably a pretty solid entry point right, but if we see a dollar 24 you know we uh. We test out this range. We come down 1.24. We see some sort of bounce back up, right watch it for a couple of candles.

You see it bounce back up bounce back down as so rejection. You know at that point we're probably going to be testing out new lows such as this dollar 16 mark that you can see right here on the uh long-term macroscopic view of the stock. So that is a couple different ways that this could play out. You know, of course, i'm not a wizard if i was uh we'd, be hitting everything we'd getting we hitting balls out of the park on every single play, but i do think that this has some pretty high potential.

I would not be surprised to see this continue. Its upward trend, this extreme buying pressure that we have seen out of the stock uh previously, so that is kind of what we're looking at right now. I did just recently get paid, so i think i'm gon na put another thousand dollars into my account and i may get into this stock if it does get into this buy zone, so watch for an entry somewhere between a dollar, twenty four and a dollar. Forty six and if you can get this below a dollar twenty four, i like that, even better, that is a huge entry point and i'm just gon na drop one more level of support.

Now that i'm looking at this i'm looking at a dollar eleven - and i like that as well - you can see that we had some uh resistance here. It is a pretty harsh resistance, that's a very long candle wick, and that is indicative of a previous level of resistance that i anticipate acting as a level of support in the future, so anything under a dollar 46. I'm very content with a dollar 24 is even better a dollar eleven, a dollar. Sixteen, if you can get into this price zone, i think you're going to be cooking with absolute crisco guys.

That would be some absolutely filthy margins of return and if these guys hold up to a lot of the momentum, a lot of the hype that is, that is pumping into this right now, i can see you guys reaching three four five dollars. Five dollars is what i've read from a couple of different analysts and somewhere on the from the yahoo financial website. I did see uh overall holding yep right here, so it's it's projected to do well in the short term, in the midterm and in the long term they do have an upward bullish trend on all of these different time frames. So this can be played out a couple of different ways right.

You may want to consider getting into this as a either swing or day trade or a mid to long term investment. So i just wanted to present you guys the information and let you make your own financial decisions, but it does seem like a very solid play that has some great potential upside. So, thank you for the guys over at the patreon. The private discord that we have set up is, if it wasn't for them.

This would not have been on my radar. I've said it before i'll say it again. That is what is special about trace trades in our community. Is we all work together to find these stocks and make money guys? I could not do this by myself.

I only have one set of eyes. I am only paying attention to so many stocks and you guys bring my attention to a whole different uh whole different field of stocks that we're not even on my radar so working together. We can do so much more than we can do by ourselves and we're going to keep rocking and doing what we're doing out here today's trade. So thank you guys so much.

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Thank you for watching my friends and i will see you all next time. Peace.