Guys check this out. This is gold, no way amc astronaut on the moon. Oh man, amc to the moon. Let's go! Oh man, that's not related to what we're going to talk about today, but i want to show you that meme anyways.

What is up, everybody welcome to trace trades, where we have technical analysis and different stocks in the stock market, or at least try to and get buy, hold or sell opinions on these given stocks. I like this purpose by saying i'm not a financial advisor nor expert. So take what i said with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep in some 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 not financially free, but i'm doing pretty well for myself at the age of 23 so play your past line of the information resources or tools are given to me here in the community, make a couple of people better off than they Were before that's all that i can ask for last.

If you not 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're gon na be giving you an update on ticker symbol and okay nokia oij. This is one of the wsb stocks that got uh that got pressured with some heavy volume and buying pressure, and it is uh. It's looking a little bit rough right now.

It's not looking great but we're gon na talk about this. We're gon na look at a couple different things: the overall buying and selling bullish and bearish price action. The overall volume going into the stock. I've got a retracement drawn up, so you can get an idea of what we might be looking at here, although it has not retraced very well but uh.

We can look at a couple different things here, so we'll look at that. I've got three different indicators pulled up, which are the rsi, the relative strength index, anything over 70s or a bot. Anything under 30 is oversold. I've got 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 this. You might need to use the vwop or the m8, but this is a 15 day price action based evaluation trend line that is adjusted accordingly to the overall volume going into a stock. I like to use both the 200 ema and the 15-day vomit. So i can get both a macroscopic and microscopic perspective of the price action on the stock and give us an idea of maybe any upcoming reversals, both bullish and bearish in nature.

So we'll look over. All of this. Give you some potential entry points. If you are looking to get into noke, but first and foremost i do want to say this is not financial advice, especially now in these crazy, crazy times in the market.

There's gon na be a lot of volatility, as you know, and i'm not here to tell you what you what to buy. I i don't feel comfortable doing that right now, because technical analysis is trumped 100 right now by the insane news. Catalyst and market manipulation is happening, so there's no way i can guarantee you. I can predict anything going on right now, so just be very, very cautious getting into any of these stocks at this given moment.

So, let's just get right into the video, but first i want to start off by giving a shout out to the guys over at the patreon. Thank you guys so much for being a part of this crew. We are over 650 members, strong man. I remember like a month ago we had 10 people in here and i was so pumped when it was just me and mike.

I was like mike my first guy. What's up man, i'm just going back and forth for like half an hour and now there's it's just insane, i'm so grateful they will have access to this awesome private discord as well as real-time insight to my personal trading. We've got a lot of great stuff in here chatting questions investing assistance, stock, memes stock memes is probably the best thing here: options trading stock bot which we'll look at here today, wsb update, so you can stay up to date up to date with all the wsb Stocks short-term plays midterm, plays long-term plays for when everything goes back to normal. Spec plays cold stocks, a bunch of different industries and sectors, including bitcoin.

If you are interested, there is a link to the patreon down below, so that you can access this discord and uh. We've got a lot of people in here that make some pretty good money. 47. 48 a single day, itachi uchiha turned 137 in the past week.

Pretty insane so, like i said, check it out if you're interested all right so what's happening right now. Well, wall street bets is pushing a bunch of different stocks and one of them is noke. I think uh, the general consensus is gme. Amc and bb are most likely, the three being targeted the heaviest, but there is no amc, gme naked, sundial ctrm.

All these stocks have gotten pushed pretty pretty hard, so um, not surprising whatsoever to see this happen and essentially what's happening, is they're trying to find stocks that are heavily shorted and squeeze these hedge funds and institutional investors that are betting against these companies, because these very Hedge funds have stolen money from us: they've manipulated the market to to get money into their hands instead of you know in our hands right, but now the tables have turned and they're kind of freaking out. We saw yesterday that robin hood and a couple other trading platforms liquidated some people's account locked buying. You could only sell my personal brokerage account sold my stocks. Without my permission, i had a huge stake in nokia, bb and amc, and then they were out there lowest points they sold my shares and i couldn't get it back.

So i'm out eating a ridiculous amount of money right now in all of those different stocks. Definitely in the hurt box that was very, very depressing, but uh. What do you do? That's that's the way things go. I got a message by quite a few people uh that used fidelity and said the same thing happened to them.

So, that's all the reason i need to leave fidelity i'm gon na be transferring over to weeble. If anybody is interested, but that's enough of that, let's just get into the video here today, man, that was a tough 30k loss that hurt. I had like a five minute: mental breakdown, freaking fidelity man. What are you doing all right, so looking at nokia here, one thing that i'm noticing right off the bat is.

It does look like we're about to have a nice little trend reversal, so the 15 vomit does look like it's about to cross over the 200 ema. So if we get some volume to back this up, it should be a pretty nice bit of price action and movement uh. The volume here in the pre-market is not as high as we have seen in the past, but we're not quite at that mark 7. 30..

So i think - or maybe this is what time does it say right here yeah, so it's already past 7 30.. So the volume on this is nothing crazy. It's down quite a bit from what we were seeing in the past, so i would expect not to see as much uh some violent price action we're going to need more volume here for sure. So we need volume to step back up and that is going to help drive the price action here.

I think i don't think this is profit taking whatsoever. I think this is pretty likely some shorts betting against the stock ones that got back up and it blows my mind guys. I can't believe how many people are willing to short a stock when they know what's going on right now. Doesn't that scare, the crap out of you? Does it scare the crap out of you man? No, no! No! No! No! No! I would never ever do that that that just sounds like sounds like you are playing with a flamethrower and uh.

I feel like it's pretty easy to burn yourself playing with a flamethrower, but nonetheless uh. I think the stock is being shorted, look at all this green volume and then look at the little amount of red volume that drives it all the way back down. That does not add up at all, makes no sense. I'm telling you i'm telling you nope gme amc, bb.

None of these stocks make any sense whatsoever to watch the price action on all these is confusing as it gets, and nook is no exception, but nonetheless it does look like. We may be seeing a trend reversal here and i have heard rumors that uh they're going to be lifting some of these restrictions that we've seen on all these different uh training platforms. I don't know why this always happens with my circles, man, they always extend when i pull out. So i'm gon na have to delete that real quick, because that is ugly.

There we go. So that's what we're looking right now. Crossover has just happened so that could be a good bullish indicator. Volume is down we're gon na need that to come back up.

Rsi yesterday was pretty oversold territory and we can't really compare this to any sort of other trend, because this is so atypical to the actual trading uh trading volume i mean this is this is insane guys? This is just not normal whatsoever, so we can't compare it to any sort of previous trends. What we can look at here is a retracement. This is one thing we can do and we do see here we have a stair-stepping upward channel, which is good. So, let's take a look at this, i'm going to zoom in here really quick just so you can see this bit of price action and you can see that we are stair stepping higher lows and higher highs right now, starting right here.

So if we connect here, you can see that we are slightly moving upwards, which is a good sign ever so slightly, and i anticipate this will continue until you see a push over a significant level. Now, what's that significant level going to be well most likely about here, which we are very close to doing just below that at five dollars and four cents, you can see that we've got some price rejection, so 5 17? Is the level you're going to want to watch currently trading at 503 and if we can push that it's going to bring us to some new price points? That's a pretty strong, acting level of resistance, so keep that number. In the back of your mind, if we can push through that 518 mark, i anticipate that it's gon na be pretty good. We've got one two three four, five, six seven different touch points very, very significant level guys.

I can see that being pretty huge here for the future, so if you're looking to get into milk, what are you looking at? Well, this looks like the floor. I'm telling you right now. If you can get in this in the high fours, i think you'll do pretty well, but this is a get in and get out kind of play if you want to mitigate risk. Um there's a there's opportunity to make money here, but i would be lying to you if i said i could predict any sort of price action that would happen here, because i would have never predicted this such 979.

So there's no way, i could know for sure. There's no way anybody can know for sure, just be very, very cautious, make sure you have a trailing stop-loss if you want to minimize losses if they are possible to happen. So, let's change over to the two-day one-minute chart just to get some extra confirmations on anything that we might be seeing and here in the pre-market we are looking pretty bullish. That looks good.

The 15 vomit is actually trading over the 200 ema, which is a good reversal from this massive sell-off that we saw yesterday. A lot of people panicking. We tried to push over yesterday, didn't quite happen. 15 vomit crosses back under, we saw compressing and squeezing at price action, and this is typically an indication of an upcoming bullish run.

So if you follow this funnel down, you see we break that top trend line and from there it was just off to the races broke, that top trend line with a wide range candle bar and from there we held it extremely extremely well, and it does look Like we are continuing a nice move here in the pre-market 15 vomit trading over the 200 ema right now and it does look like we saw a bounce off of the 200 ema, acting as a level of support which is super bullish territory. Everything about this looks pretty good. The only thing that i don't like is the overall volume we're gon na be looking to get some of that volume back and that'll be the indicator to me that we are back and cooking with crisco on nokia today. So that is what i have for the video today guys if you enjoyed it, please drop a like.

It really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i have an affiliate link in the description box down below for weeble. Weeble is a brokerage platform that allows you to start trading in the extended hours at 4am, cst uh. So if you would like to do so, you get four free stocks. If you deposit a hundred dollars, i will also receive a free stock, great way to support the channel.

It can be worth up to a couple thousand dollars if you're not interested, that's totally fine. I don't really care, i'm just glad to take the time to seriously seriously seriously watch my videos and be a part of this awesome community. 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.