What is up, everybody welcome to trades trades, where we have 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'm not a financial advisor nor expert 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 i was very fortunate to have some close family friends and mentors that pushed me To work really hard and invest my money and i'm happy to say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23. and guys my undergraduate was in nutrition. So i promise you anybody can do this. Let that be some confirmation to you, so if i can pass along any of the information resources or tools to the community, make it a little bit better off than it was before.

That's all i can ask for. Lastly, if you would not mind dropping 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, as i do post videos every day, multiple times a day, now quick shout out to the guys Over the patreon we did have a couple new members. Today: we've got 50 overall growing, strong, arthur humera montana robert justin cody idiot box, matthew isaac matthew. Thank you guys so much for the support.

It means a lot to me. They will have access to the private discord as well as real-time insight to my personal trading. Now i want to give a quick update on ticker symbol, pte polarity incorporated - and i popped this video off earlier in the day as a potential date or swing trading opportunity for the for the channel for the community. If you guys were able to get into the stock, i know that we grabbed a little bit late, but we still were able to enjoy a pretty solid run-up if you were able to get into the stock anywhere below 1.10, which was what i advised to do, And i just want to pull up my position to be completely transparent.

I am in pte right now, with 3 100 shares at a dollar cost average of one dollar and three cents currently sitting up 28 895 dollars, and i am going to be holding this trade into monday, and i will give you a couple reasons why? But first, let's just take a look at what the company is as a whole. In case you are not familiar so polarity incorporated as a biotech company developing and commercializing regenerative tissue products and biomaterials its skin te product is commercially available for the repair, reconstruction replacement and supplementation of skin in patients who have a need for treatment of acute or chronic Wounds: burns, surgical reconstruction events, scar, division or removal of dysfunctional skin grafts and on their website. I will leave a link to both of these in the description box down below. They do have a article that caught my attention, and this was brought to me by a patreon member uh patron mike, so give him credit guys in the comments section down below for finding this play.

I do not do this by myself. We work together as a community to find this information and make money in the market, and that is what is awesome about trace trades as we we are the community doing it together. It's not just me right, so this article says a biotech company developing regenerative tissue products and biomaterials announced today that it will present at the hc wainwright virtual bioconnect conference on january 11, 2021. A webcast of the presentation will be available on january 11th, beginning at 6am.

Eastern time, which is 5 a.m, cst, if you're from the midwest like i am i'm from minnesota, i don't know if you can tell by my accent or not, you know, i can't hear it, but some people say they can. It can be accessed in the news and media events section of polarity's website at this link. Above so they are going to be presenting at this wainwright virtual bioconnect conference. I assume it's going to be on some of their biotech technology that they are currently working on to.

You know probably improve the things we're talking about on the the fundamental website right here. You know any sort of supplementation of skin and patients with chronic wounds, burns, surgical reconstruction, etc, etc, etc, and if this does go well, i expect this to be a very positive catalyst for the company either in the after hours or the pre-market. You know we, i assume anyways we've been seeing this run-up during the regular trading hours because of anticipation of this upcoming event and honestly um. I don't think, as many people know about this, as you know, you would think do because if we pull up pte on stock twits right and we look at the total following on the stock - they don't have that many people right 6589 message volume is up an Insane amount 440, which just tells you right off the bat that people are more interested in this than they were in the past, and i do assume it's because of this article that i mentioned prior um.

But because of that, you know we are seeing a pretty steep amount of price action and a huge bump in overall volume on the stock. So in this ta video technical analysis, video we're going to cover the overall volume trends, the rsi indicator relative strength index. I've got the 200 period ema exponential, moving average pulled up. I've got the 20 day, voma volume adjusted moving average pulled up we'll talk about this uh bullish trend, the overall resistance and support levels we're looking at and then look at this on a one-day chart.

If you're looking to play this as a day or swing trading opportunity - as i am so, let's get right into it - we do have current support sitting at 85 cents, but i don't think that's realistic, uh. You know at least right now, possibly after the announcement. You know, and the presentation does take place - we may retest that so i'll leave that up at the moment followed by 97 cents, a dollar 11. We do have as a prior level of resistance acting as support at this given time and then a dollar 25 as another level of support.

If necessary. You know we are currently trading right on that support line at 1.25, and then we are looking at resistance in the you know, mid to long term. Chart that's a dollar 39 as well as we peaked out in the regular trading hours right around a buck 50., and i did not personally sell out of any of my position in the stock at a buck 50 and i will be completely transparent and show you My closed positions - i am not sitting, you know closed at all whatsoever on you know, um on pte, i am holding in anticipation that we can cross over a dollar fifty when we have news release on the you know the product or whatever they're displaying at this Presentation on monday morning, so i do think the price action is going to be pretty heavy in the in the pre-market and if more people find out about this in the after hours, i would not be surprised if we see some pretty heavy uh volume and unusual Trading volume happened on this stock uh. We do have extreme unusual volume today, as you can see, you know a little bit of a bump the last three days and if we do look on their website, the article was posted on january 5th right and i would willingly bet you money that january 4th January 5th, right we see this spike in volume right, so there were people that got in on this they're, like oh geez, look.

This is going to be huge. That's that's a huge indicator to me that something's about to happen right and there's a gap up right here between the the vamana and the ema, very bullish territory, huge gap, space right here - we're looking really really good on the mid to long term chart. So i'm not personally gon na be holding this for more than a day or two right, i'm planning on getting out on monday after the news release buy the hype sell. The news is always how i play off on these swing or day trading opportunities.

But if you are looking for a mid to long term investment in the company and you believe in what they're doing long term, you know these are the levels that you're looking at. But the big thing that i like to see is this crossover between the vama and the ema. The ema has a 200-day, you know moving average cost basis over a 200-day period and the vomit is a 20-day um volume weighted and adjusted moving average with given volume that you're seeing on the stock and anytime. You see a crossover where the obama is above the ema that is extremely bullish, territory and a huge indicator of good things to come and, as you can see, that did play out extremely well in the charts rsi indicator.

We are looking pretty drastically overbought. We did touch, you know, 84., anything over 70s overbought, anything under 30s, oversold pretty robot territory, but the corrections don't seem to be too harsh. Just looking at the overall trend on the company. So do keep that in mind.

You know just based on what we've see in the past, it's more likely that we see a neutral correction, not super steep, not looking too bad on the charts here, very very nice stair-stepping that you can see happening on the overall charts. You can see a stair here, another stair right around here and we're likely to do the same thing. So if you're made to long-term investor, you do love to see that not a lot of volatility, very smooth price action. So that's what i've got on the one month chart if we move over here to the one day chart you know we're currently looking at the uh these support levels at about a dollar ten, a dollar eight was prior resistance in the pre-market and then 97 cents.

A prior level of support in the pre-market uh. This is currently an acting level of resistance. It was support, you know, maybe a couple minutes ago, we'll be watching for that level. That is an indicator to watch for in the after hours in pre-market, and then you know a dollar 39, followed by that overarching buck 50 that we just bounced off of and came back down from.

So those are the levels that we're looking at right now on the on the chart, you know have pretty heavy volume i'd be watching to see if we see any sort of spikes in the volume in the after hours. If you do have a brokerage account, i use fidelity pro. I do get asked that all the time and uh it's a great great platform. I do recommend it and i'm not getting paid to tell you that i don't even have a link for it, but i love using it.

It does great things. So, if you're looking for a platform, this is a great one to use um, but we're looking pretty solid on the stock. Now uh. One pattern that i did notice.

You know that we had, i did have this drawn up was a wedge formation and this is typically a solid compression of price action, and if we do zoom in on this, you can see that this did play out extremely well. We had this compression of price action from a high point to a low point on on the stock. We drew a trend line, you can see a solid funneling and wedging of the price and when you break over this trend line, typically it's a pretty harsh movement. You can see that did happen right here on the stock.

So just looking at the charts right now, we can see a kind of a bigger picture wedge forming on the price action. If we do draw this out, you can see we have a trend line here, squeezing down the price action the low here, squeezing down the price action, and if this plays out in the after hours, this could pop off a very similar reaction to what we're seeing Right here in the regular market, hours trading, when we opened up at the bell, so just be watching for that. If you are interested um, i i am pretty bullish on this stock. Still, it's looking very solid um.

We had some really solid price action and i do think that is likely. You know if, if that uh announcement does come to fruition and everything goes well their their presentation, it might not right there's risk involved with every penny stock um. But if things go well, i would not be surprised whatsoever with a two dollar price target on this, but i will be selling out of this. You know if it doesn't go well and be very happy off with my uh, with my current margin of return.

Uh sitting right around 28 right we're not gon na hit. You know a home run on every stock where you swing a one or two day: trade. At a hundred percent margin, i'm gon na be very content. Uh walking away up.

You know thirty percent of the stock. If that's all i end up getting so um, i hope that you guys were able to get into this stock if you were and you're sitting up pretty well, let everybody know in the comment section down below chris sam would say: let's pop a champagne bottle, but Uh, i'm personally a whiskey guy i'll i'll slam down a shot of whiskey for that or a nice whiskey on the rocks, um celebrating a good win, and i hope you guys have a great weekend right. It was a great week in the market. I know.

Personally, i was sitting up about five thousand dollars on the week very happy with that. It was a good week and i'm sure there are people out there who made a lot more. I've had some people comment, saying trey. Thanks to you and your notifications on jagx right, i was able to make 25 000 and dude.

That is the beast knees that is so cool to read about, and i love what we're doing here at trace trades, and i really appreciate you guys sharing that stuff with me. That's my favorite kind of comment to read that outweighs every single negative comment that is getting posted on any of my videos, because that is freaking amazing. I love seeing that uh that people are doing great and we're building a huge community out here. So that is what i have for the video today on pte.

If you enjoyed it, please drop a like. It does help support the channel. Consider subscribing, if you like, to see more content like this, as i do post videos every day and lastly, i have an affiliate link in the description box down below for tubebuddy. Now.

Tubebuddy is an seo optimization website that i personally pay a nine dollar per month. Membership fee for - and i highly attribute this to growing from zero to three thousand subscribers in 22 days. So if you're a content creator or are looking to become one, i highly recommend this website. I wouldn't recommend it to you.

If i didn't use it and love it, and if you use my link, i will receive a commission off of your purchase. So it's a great way to support the channel and, if you're not interested, i'm just glad for you to be giving me your time and supporting the channel in that way. So that's what i have for the video today. Thank you for watching my friends and i will see you all next time.

Peace.