What is up, everybody welcome to trades 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 preface by saying that i am not a financial advisor nor expert. I am just some random dude 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 30 000 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'm happy to say that i am now not only a financially free guy, but i'm doing pretty well for myself uh.

If i could pass along that information, the resources are tools to you guys make your lives a little bit better off than they were before. That's all i can ask for and lastly, if you would not mind dropping 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, i'd just like to give a shout out to the first four patrons over at the patreon zack, francis and brandon. Thank you for joining uh, the growth tier and mike sanchez.

Thank you for joining the tier of filth. You guys are much appreciated. They will get access to the private discord and my portfolio as well as early access to the daily uh trades. So thank you guys very much for that.

Now, today, the subscriber requested stock is going to be ticker symbol, odt odin therapeutics incorporated - and this was uh suggested by subscriber d blake. He said please analyze, odt and lucky for you, my friend. This is the stock that we're going to be looking at today, because it looks very interesting and there's a couple of really key pivotal moments that look to be happening here soon, so we're gon na establish uh near side, far side resistance and support. Look at this from a macroscopic and microscopic point of view, potential entry and exit points, uh we're gon na look at the rsi indicator, we're gon na look at the volume trends, the volume weighted, moving average bullish and bearish movement and the whole nine yards.

So before we get going, let's just take a look at the fundamentals of the company. Odt is a therapeutics they're, a pharmaceutical company which engages in the development of therapeutics that improves and extends the lives of patients with cancer. It focuses on the development of tesla tesla taxol. I probably said that wrong a novel chemotherapy agent that belongs to a class of drugs known as taxans, which are used in the treatment of cancer.

This uh this stock has a following of about 1400 people on stock twits. So not a lot of people, not a lot of traction. However, the message volume and sentiment is steadily increasing, so it would not surprise me if we start to see some traction pop up on this on in the future. However, as of now there's not a ton of people watching this stock, and you can usually see that when you look at the pre-market or after hours, price action, we don't trade very many shares right.

So 200 people, you know 300 people et cetera, et cetera. However, during the regular market hours we usually see about 1.5 million a day 425 000 a day. We are seeing an increase in overall volume that is trading on the stock and consequently, you can see that the volatility is increasing. As i've said before, on the channel volume drives, volatility and volatility drives higher price valuations, so you can see that we have actually gapped up the last three days, which is very interesting.

That is uh something to note. Typically, when you gap up, it is likely that if you see a price correction, we do uh, we do see those gaps filled right, so some price action, if we do see a drop, some bearish movement would probably happen between this area of twenty one dollars and Eighteen dollars, however, i do wan na establish a couple levels of nearside support and resistance that are very crucial to this stock. It is interesting to me, i'm actually very curious to see how this plays out. So 25 is a huge level right.

So before we hit 25 dollars, we were trading at 34.56. There is not any price action in this range in the last six months, and that is huge, because if we can break over 25 dollars on odt, there's a lot of area to fill, and i think this stock is going to run up a huge, huge, huge Amount, and currently we are over every other level of resistance besides this over the last four months, so it does look like the next price level to watch for is 25 now. This is a purely technical perspective. On odt, i have not looked at any news articles or recent public relations catalysts that are affecting the stock.

However, there must be something decent going on, because we have seen a pretty decent run up over the last. You know four days: four days ago we were at 16.97 and we're currently sitting at 2174. The pharmaceutical sector right now in the market is definitely very hot right, whether it's uh alternate cancer treatments or vaccines or uh. You know the whole nine yards.

That sector is moving right now and if it can ride along on that wave of momentum, i would not be surprised if we touched this 25 price point and see you know: price action fill up between this gap up or gap down. I should say up to around 34. That would not surprise me in the least bit i guarantee you that there are either you know: firm investors or big institutional investors, uh wall street, guys that are probably going to be watching this 25 price target now granted. There's not a huge following on this on stock twits there's, not a huge amount of volume that is moving on this stock, but do keep that in mind for the future.

Now we do have a support level on the six-month chart sitting at prior resistance right around here at 1872 and we have gapped up. So it's very tough to say you know just looking at this from a technical perspective, whether we will drop back down to this. As you know, the gap ups are not very indicative of price action. You know the pre-market and after hours, and especially since, there's not a lot of volume, that's coming in during the pre-market or after hours.

It's it's. It's tough to say how much is going to happen here. I would just say that if we do fall back, this is a very safe level of support at 18.72, the rsi indicator. This is the relative strength index.

Anything over 70 is overbought. Anything under 30 is oversold. We are currently in some pretty heavy overbought territory, so i would be wary of that. Typically, when we pop over the 70 mark on the rsi, you do see a dip or a correction in the stock.

However, we have not touched over 70 in six months right. This has either been oversold or pretty neutral for quite some time now and uh. This could be the beginning of a run up right. So i think best case scenario here you're looking at is you know if we do dip back down underneath 70, we see a little bit of consolidation in the 50 range, which is pretty neutral um, not too overbought, not too oversold you you're going to be looking At you know, a potential slow run up at that point, which is not bad right, but that's not going to let it ride along on the biopharmaceutical sector.

Right now, i think best case scenario. It continues this overbought uh trajectory and you're able to push up past this 25 resistance line and fill up this gap on this gap down right and at that point it may be worth it to take profits on your investment, because anything over 70 is overbought and Typically, if something's overbought, that means eventually it is going to be oversold and you are likely to see a pretty solid pump, so a good strategy on a mid to long term. Investment on this, if you do have a position in the stock unless you're very friendly, believe in it right, if you think, they're gon na do great things a year, two three four five years from now, then maybe it's worth holding on to, but i would consider Taking profits if we do push up over 25 and see some new highs, you know retest these 30 uh 30 plus price valuations that we have seen in the past on ticker symbol, odt. So that's what i'm seeing on the macroscopic view.

We are pretty bullish right now. If you look at the last uh you know week or so. We've only had two bearish days. We are trading pretty highly above the volume weighted moving average, and this is slightly different from the volume moving average the vma.

This does take into consideration overall volume and corrects the trend line based off of that. So we are looking uh. You know pretty bullish right now. It's a great movement we're starting to see a pickup in volume.

The momentum is looking pretty solid. I am liking the spike right here. This could be an indicator of good things to come if we retest any levels like this, you know 2.5 million a day, 3.3 million a day that could be the catalyst that pushes the stock up past 25 right. So i would not be surprised in the least bit, especially with how hot you know.

The pharmaceutical industry is right now now, if you're looking at day or swing trading, this we do see, you know a decent amount of price movement right. This is actually reminding me a lot of idex ideonomics how much it can vary from uh. You know just a single day of trading. It seems pretty decently volatile right, so we have a support line at 1963 on the daily one minute chart and we have a couple different resistance lines.

You know we're looking at well actually we're trading above this, so this is currently acting as a support line at 2047.. We've got a couple. Different touch points one here. This acted as support here acted as resistance here acted as support here.

You know we had a breakthrough here, so this was resistance prior. So this is a pretty decent support level at the current moment, and we are looking at another support level right around here at 20.99. You could just call this 21, and currently we are just barely trading underneath the resistance line right here at 21.59, which is very close to you, know the all-time high that we're seeing on this stock and i'd be willing to bet yep. We are actually above this overall on the day, so you know we're looking at 21.

74. 2195. As a potential. You know resistance line to watch.

So if you want to short this stock, i would recommend um right now. The the movement does look bullish. So you're, probably better off loading up on a dip. You know if we do retest 1963.

2050. 2099. It may be worth it to get a position in the stock at that given point and ride it up until the next level of resistance. If we push through it, keep riding, if you see some price rejection, take profits right, uh, when you're day trading, anything between five and ten percent profit of margin is uh is is definitely great right.

So that's what i'll be looking for if you're looking to day trade this, i would not recommend betting against the stock, especially considering the last week has been extremely bullish, you're more likely to take a profit here. If you do long on this stock, however, if you would like to shortage just, do the exact opposite of what i said right, if you see that we touch a resistance level, you know right now we are trading. You know above this, so this is an acting support, but if, for whatever reason, the market dips we dip below 2160 and you're. Looking to short, this, you know drop off 2160 you're, looking at 2099 as the next level of support, 2050 and 1963, so be watching very closely on the price action.

If you see a bounce off of any of these levels, i'd consider taking profits. If you see a drop down, you see some uh, you see some price rejection, it's it's not looking like we're going to hold it and you keep dropping then just hold on your position, but be very cautious on on whether or not you short this just because The movement does seem to be very bullish. That is what i have on ticker symbol. Odt alternate therapeutics incorporated.

Thank you again to subscriber d blake for the suggestion. I do these uh subscriber requested videos every day i try to cover at least one and on the weekends i can usually get around to two. So if you would like me to cover one of your stocks, please drop it in the comment section down below. This.

Is a great thing that we do here at trace trades? It's actually how we found some of the penny stocks and quick day or swing trade opportunities that have made uh made this community some pretty decent margins of return over the last couple days. So it does help out a lot and i honestly could not do what we're doing here at trades trades without the community and the crew that we have built up over the last uh. You know three and a half weeks, so you guys are freaking awesome. I love what we're doing here.

Uh keep them coming. This has been an absolute awesome opportunity and uh. That is what i have for the video, so please drop a like if you enjoyed it uh, please consider subscribing if you like, to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy. Tubebuddy is an seo optimization website that i personally pay a nine dollar per month subscription fee for, and it is largely why i contribute growing to zero growing from zero to 1 000 subscribers in 17 days.

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