What's good beautiful people, oh man, whatever whatever it is, what it is? What is up? Everybody welcome to trey's trades, where you have technical analysis and different stocks in the stock market, as well as potential buy holders, sell opinions on these. Given stocks i'd like to preface by saying that i'm not a financial, advisor or expert so take what i say with a grain of salt, let's get into the video today, my friends got ta roll, the freaking sleeves for this bad boy, we're gon na be looking At ticker symbol s, o s, limited new york stock exchange, my friends! This has been a stock that has been requested very, very heavily over the past couple of weeks and man. I tell you what it looks like there's some pretty solid potential here with this company. Two breakfast: i need to start by saying that i do not have a position in sos.

These are the stocks that i'm currently holding here on my weeble account and, in my other other brokerage account. I did not have these uh these guys either, but nonetheless we're gon na look at the fundamentals of the company. The why? Why should you care? Why is there upside here? Is this a good midterm, hold long-term hold swing opportunity? I think it does have opportunities as a long-term hold position, but i also do think it has great uh potential, as well as a swing trading opportunity, if you're more interested in that, so we're gon na look at the fundamentals of the company. Any recent news articles that i find very interesting.

The financial situation with sos is very interesting. I think that is the most uh. You know promising of of all the all the catalysts that we can present here, for you guys on sos and then we're gon na look at the meat potatoes, which is the charting. So we'll look at the one month chart as well as the one day.

One minute chart to give both a macroscopic and microscopic perspective of the price action. I've got a couple. Different indicators pulled up the rsi, which is a relative strength index. Anything over 70's ever bought.

Anything under 30 is oversold. This gives you an idea of both bullish and bearish momentum on a stock. I've got the 200 ema, which is the exponential moving average. This is a price action based valuation trendline over two today moving period, which gives us a macroscopic perspective of overall price action and then the 15 day ma, which is the moving average.

Some brokerage accounts call this the sma, the simple moving average, and this is a price action based evaluation trend line over a 15 day moving period, which gives us a microscopic perspective of overall price action. So we're going to look at all these different indicators. Give you the best possible entry point that we can to get you into this stock risk-free for the most possible upside. I've got a couple: uh we're gon na look at the volume here as well.

The whole nine yards. So, let's get into the video we've got quite a bit to talk about, so what is the why? Why should you care about this company? Why is there upside here? Let's get into that so sos ltd, formerly china, rapid finance lcd is a holding company, mainly engaged in consumer credit, business and emergency rescue service services business. The company also operates insurance agency business through its subsidiary. The company, through its subsidiaries, is engaged in providing consumer lending marketplace for lenders and borrowers in china with predictive china.

I can't i can't ever not hear that in my head with predictive selection technology, automated decisioning technology and non-credit data, analytic and risk-based pricing capabilities, the company serves marketplace investors and borrowers both online and through a physical network of data verification centers. The company offers consumption loans, lifestyle loans and micro-credit lending. The company also provides corporate clients and individual members with emergency rescue through internet and satellite communication. The three products are basic cloud system, cooperative cloud system and information cloud system, and i do have their website pulled up here, so we are just going to take a quick peek.

This is a china chinese-based company. So i had to translate this. You know they have a little button, thankfully, but they're. Basically, a leading consumer lending marketplace in china uh they they are part of uh they're, tied pretty closely with the bitcoin uh and cryptocurrency game right, so crypto does well.

This company will continue to do well and there's a couple different things that i want to show you here on reddit as well, but if we just take a quick peek at the website and try to decipher this, the best we can uh shinfu platform recently introduced A number of new ecommerce platform during the public testing and multiple marketing activities in the process. True, north and, of course this is translated, so this probably doesn't make much sense. True, north financial invested 8 million in china rapid finance answers to questions from china, rapid finance. Regarding delays and submitting the 2000 uh, not not really important, but nonetheless, what i do want to see is the overall institutional ownership in the company, so we're going to check out sos institutional ownership and just take a quick peek at what this is looking like right Here, so if we do check this out really quick, it does not appear that this is on fintel, but we will take a quick pick at uh market beat so looking at market b.

What do we see? Well, as of uh 11? 13. 2020.. We do have core private wealth llc, with 32 209 shares, which is uh. You know i'm not quite sure what that what their portfolio makeup is here, but ownership in the company is about 0.493 percent, so nothing insanely high.

I am going to pull up the my discord and take a quick peek at what this looks like on here and let me just take a moment to pull this up on uh on the bot okay, so i actually was able to find this on fintel, but Anyways, the most recent institutional ownership that we do see here is from january 19th of 2021. This was filed in 13g by intracoastal capital llc, so they currently own 67.7 million shares in the company, which is an overall ownership percentage of about 10. That's pretty freaking high. My friends, you definitely want to pay attention to when companies have a huge stake in the company uh, as this does where big money goes, is where small money should also follow, and these guys do have a long position.

There are 14 total institutional owners right now. In this company and a value of 164 u.s dollars, so if we just take a quick peek at you know other companies that do also have a stake here. We do see penn state capital management llc, as of uh february 12th, which would have been four days ago, has a couple of shares and that's about 1200 total, which is you know, a change of 155 percent uh, not not anything to to write home about, but Nonetheless, we do have quite a few companies that do have a hold in this stock and that huge stake of 67.7 million is a very, very large position that you do need to pay attention to. I do also have the reddit thread pulled up here and if you want to watch a good video about you know financial statements, this is going to treat you pretty well, so just type in sos stock, reddit it'll be the first link on the top, and this Guy does a very good, in-depth analysis on uh the situation, the financial situation here with this company we just take a quick peek at the channel.

His name is trader journey, so if you want to check that out, do feel free to check that out, but nonetheless uh there's a couple of things in here that i find very interesting. There is rumors that warren buffett does have a position in this stock uh. It is, it is stated right here, but it is just a rumor. So if we do, you know, take a quick peek at this.

You all show the warren buffett's interested in this from what i've seen he has no interest in crypto he's changed his mind or what so it's based on nothing. So it is just a rumor to take that in the back of your mind, but uh. They also do insurance, so that could be what warren buffett is interested here, although i do think that cryptocurrency is the big deal here with sos, and what captures my eyes specifically with sos is their financial statements. Now, i'm not the king of financial statements by any means, i take the most pride in technical analysis and basic rudimentary fundamental analysis, but what does catch my eye is this, so if we just check out their their uh net income, let me just take a quick Peek here, net uh provision for income taxes, other uh, other non-operating net income - so just check this out.

Look at the growth that they've seen in 2018. They saw 816 000. In 2019, they saw 21.06 million, which is an increase of 70 000 compared to the previous year of 2019., so that is a very, very important, crucial number. The provision for income taxes has also been increasing year over year over year over year, up 424 to 3.45 million, which is a very significant number.

Then, if you look at their net, income 2019 was actually the first year that they were positive in quite some time. Negative 11 million negative 14 negative 2.26 12.94 million freaking dollars. I'm interested to see how this compares to riot, for instance, 12 million dollars their net income here is negative 1.72 million, and this company is trading at 55. Bucks take that for what it is, but that is pretty significant.

I find that to be a very significant piece of the puzzle here with sos limited and there is a lot of hype regarding the stock. I have seen some numbers bounce around in terms of where this could be in a year from now right, and this is going to highly depend on cryptocurrency doing well as a company as as a trading uh. You know a trading platform, i shouldn't say platform, but as a trade right and if crypto does well, as those continue to do well and i've seen some numbers bounce around around 70 to 100, which, if you look at the financial statements here right their net income Of 12.94 million dollars, you compare this to a company like riot, which isn't even net positive in 2019 right. Their net income we just take a peek here - is negative: 1.72 million.

We look at mara right marathon patent. These guys their net income is negative. 2 million. This is really really lagging.

My friends, i think this is uh. This is probably a little bit undervalued and that that's crazy for me to say you guys know you guys know that i have not had a huge stake in cryptocurrency here in the past. I will show you that i do have a small uh stake in cryptocurrency, so i'm just gon na pull this up on my my platform, but i do have about point two: six of a bitcoin worth just under thirteen thousand dollars. That's as much as i've invested in bitcoin, but sos nonetheless is a company that i am very interested in and think i will end up taking a small position in at the very least, so that is the premise of the company.

That's the! Why right! That's! That's! The potential for growth, the financial statements to me, is what has the most upside here where, where you see a lot of uh potential room to run, they also did have an offering here just recently. So if you just pull this up really quick, they had 110 million dollar in secondary, offering at a 21 discount, so they priced 22 million shares at five dollars. A share to raise 110 million dollars in a secondary offering this was on february 12th and direct offerings are a good thing. There's a way to generate revenue.

It's a way to guarantee that you can continue operations by having that cash available right. So they can continue to grow as a company in the long term. In the short term, it usually results in a pullback. If you look at the 12th right, this actually was not even that bad of a pullback.

It ended up running the end of the day. Anyways and formed a disgusting little dip right here, but nonetheless sos has a lot of hype around it and let's get into the chart setup. So the first thing that catches my eye - if we just take a quick peek here - is the overall uh volume that we have here. We saw this huge push in volume and it consistently kept kept that same momentum into the next trading day.

We also have a huge gap here between the 15 and the 200 dma. We didn't see that crossover, but we saw a gap up start to happen if you were able to get into the stock when the gap started to form here between the 15m and the 200dma, you would be up over 100 right now, which is absolutely freaking. Disgusting filthy, so that is looking absolutely beautiful. Right.

We've got a nice ascending level of support. We always look for at least two touch points to signify a validated and respected level of support, and we do have that. We've got one two three four different touch points here, so this does end up pulling back it'd be a pretty harsh pullback. I don't know if it's going to come back down to 6.64 cents today, but in the long term right two or three days down the road.

I would not be surprised to see this act as a level of support for a good entry point as well. So coming into tomorrow, if you see a pullback to about seven dollars and fifty cents, i do think that is realistic. It is possible for you to get into this as a potential entry point in the stock. I think the most potential for growth here just based on their financial situation, right the fact that they have been growing year over year over year right if we look at their net income, they're, looking pretty solid right now, right every single year, they've been improving, at Least a little bit, especially these last three years and i'm very interested to see what 2020 is going to bring for them.

But nonetheless, i think the opportunity here is a midterm to long term hold. It does seem like it has some good potential as long as cryptocurrency continues to do well as it has right. So that's what that's looking like right now. So, if you're looking at a potential entry point, how do the retracements look right? That is that's the that's! What i want to take a peek at this retraced to about 70 in some change, and this last little pullback here put a little asterisk by that, though, because we did have a direct offering which does influence the stock price.

Technical analysis is always going to be trumped by fundamentals and news catalysts right, and that was a pretty strong news. Catalyst so put a little asterisk by that. If we take a quick peek at previous run-ups right, this will tell more of a story and on previous run-ups we did see you know pullbacks that were not that bad. We saw it pull back to about what would have been uh 38.2, and i think that is a more justified and realistic pullback in terms of where you might see this pull back to, and if we take a peek at how much it's pulled back already right.

It's already pulled back to about uh, just a hair under 50 percent. I do think it's possible to see it pull back to that 50 mark until you see it bounce in another short move here. So if you're, looking at an entry point, i do think eight dollars and 42 cents is going to treat you pretty well with sos. That is what i'm looking at right now here on the charts and uh.

I feel pretty comfortable about that. This is a very, very bullish stock. I actually like a lot the fact that you're seeing this volume very consistently right. I think this is going to turn into an investor stock very very fast.

Of course, you are going to have traders that step into this, because volatility brings in those day, traders right volatility is going to bring in those profit takers, but over the long term, there's there's potential here for both parties. So if you do want to swing trade, this stock, i do think 842 is gon na treat pretty well. I would watch for a test of ten dollars. I do think it's very realistic to say that we will test ten dollars here today, if not tomorrow and the next day right.

That does look very solid, but i do think the better potential here is as a midterm to long term investment a hold opportunity right to see if we really do test out that that 70 to 100 price target that some people have been talking about with this Company, do, i think, that's possible. Do i know, of course, there's no way for me to predict the future, but we can see the overall growth in the previous. You know a couple of days here, just last two weeks about it was up from 1.96 to 937. So there's absolutely explosive growth and, like i said before, the comparison to mara or riot, which are not even net profitable.

Yet right is exponential. I think this company is undervalued. In my personal opinion, i think there's a crap ton of upside here and people are just starting to open their eyes to sos and the potential that it truly does hold. So that is what we were looking at here on the one month.

Chart good entry point to me is going to be around that 8.42 range and if it does end up breaking below that, we know that we have another level of support with four touch points here at about 7.76, i don't think it's gon na end up touching Down on this, this ascending level of support today, maybe tomorrow that will present an opportunity for you, but as of right now, you know, i do think that 7.76 mark is going to be the next level of support if it does end up breaking below this level Of support right here at eight dollars and fifty cents or so coming over here to the one month or the one day, one minute chart for any last minute confirmations. We just take a quick peek at the price action here. You've got a filthy disgusting, huge freaking gap between the 15 mm and the 200 dma, so you've got double confirmation stating that this is in fact in bullish territory. I do expect this is going to go on a pretty nice run here today, and we have this.

This nice gap up here right, we got a big gap uh. Typically, when you see a gap like this, you end up filling that gap with price action eventually. So i would anticipate you see a little gap fill here in the future, sometimes during the next one or two days and that's gon na present you the best opportunity to buy into the stock, so uh 7.76 does seem like a solid opportunity as a buying opportunity. If you do want to wait one day avoid some of the risk involved with you know, maybe scalping this stock getting as a quick swing.

It may be worth waiting for that pullback. If you want the best possible entry point, but you might not get it. That is the downside here with the stock, as it sits right now. You might not get it.

There is a lot of hype going into this play and if we do take a quick peek at uh, the the most talked about stocks across all discords uh. This morning, i think that sos was near the top and, as it sits right now, sos is at number two right behind amc, so this is a very hyped stock. I do think there's a lot of potential here for a good runner on the day, and that is what you're looking at here for the video. So if you enjoyed it, please drop a like if it does help support the channel and consider subscribing.

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