Morning, man, it's not even doesn't even feel like morning, though i'll tell you that right now, i'm usually up at three o'clock on mondays. That way, i can knock out these stock videos, but uh markets closed it's a federal holiday, so i didn't have to work. Oh man, we're rocking we're cooking with crisco getting up at 7 27.. What is up, everybody welcome to trace trade through your technical analysis and different stocks in the stock market, as well as potential buy holders still opinions on these given stocks.

I, like your premise 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 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 if i can pass along any information, resources or tools that are given to me make a couple people better off than they were before here. In the community, that's all that i can ask for last.

People would not mind drop a like on the video. I always got to remind myself to point the other direction. Everybody does help support the channel and consider subscribing if you'd like to see more content like this. Now today we're going to be going through ticker symbol, s-e-n-s senzanonics holdings incorporated we're going to look at this.

From a one-month perspective, i've got a couple. Different indicators pulled up the rsi, which is the relative strength index. Anything over 70 is ever bought anything under 30, oversold, the 200 ema, which is this dark blue line, and that is the 200-day moving average trend line based on price action over those 200 days and then the 15-day vomit. This is the volume adjusted moving average and some brokerage accounts call this the vwop or the moving average uh the ma - and this is a 15 day price action based trend line that does take into consideration the overall volume and adjust it accordingly.

So we're gon na talk about what these all mean. Well, that will have some levels of support and resistance, talk about some potential entry and exit points and give you an idea of what to plan for with the next trading day. But before we get into that, i just want to give a quick shout out to the guys over the patreon we did have some new members join us. We are currently sitting at and 310 members of the original jt cali simon uh ankita optile stephanie s, francis colin louis david gigi, there's another guy in here from israel, but i can't read israeli um.

Thank you guys so much for uh. The support really does mean a lot to me. They'll have access to the private discord as well as real-time insight to my personal training and guys. This discord is full of golden nuggets.

It is beautiful. We've got a bunch of different plays in here. We've got cold stock. Spec plays short mid-term, long-term uh, different things that would help with investing assistance.

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Onyx is really quick if they're not familiar, they engage in the design, development and commercialization of implantable continuous glucose monitoring system for people with diabetes. Its primary product is the brand ever since a glucose monitoring device which includes sensor smart transmitter and mobile application. This company was founded on june 26. 2014.

That's five days after my birthday. How about that and it's headquartered in germantown, md and uh. There was a news article that came out that i want you guys to completely be aware of to deter you from investing in the stock, but just anticipate to see a dip because of this sensonics holdings announced a 50 million registered direct offering of common stock. A medical tech company focused on the development of commercialization of long-term implantable continuous glucose monitoring systems for people with diabetes today announced that it has entered into securities purpose agreements with several healthcare focus and other institutional investors to purchase 40 million shares of its common stock.

In a registered direct offering at a purchase price of 1.25 per share, h.c wayne writing call is acting as the exclusive placement agent for the offering. Now, if we do take a quick look at the stock, it is trading at a dollar 66 and they are going to be offering the stock at a price of 1.25. So i would anticipate for the stock to drop anywhere between 5 to 20 cents below that dollar. 25 mark.

I would not be surprised in the least bit if, on tuesday market open or during the pre-market, we see a little bit of a sell-off uh and that's that's totally. Fine, that's not the end of the world. If anything, if you believe in the company long term, that is going to be a huge huge opportunity for you to get into the stock and uh or even mid-term or the swing right, that's going to be a huge opportunity. If you get into the stock, when the stock is being oversold on the rsi, it's touching down by 30, as i do anticipate that's going to happen right um.

So don't be scared by the sell-off guys. If you do have a position in the stock currently and you and you want to hold that position, don't sell at the low point right buy more at the low point and then let it ride back up to these previous levels, as it likely will so uh. With that in mind, we're just going to take a quick look at sends really quick we're going to drop some levels of resistance and support before we get going. We do have resistance currently sitting at about two dollars.

We do have two candle wicks touching right here. So a double top uh, which is a little bit of a bearish sign, but that is to be expected when uh, when the, when the stock runs up from under a dollar uh very fast you're gon na have a little bit of price rejection and then a Previous level of resistance, which will be an acting level of support, is going to be right here at about a dollar 55. I anticipate is what it'll be 1.55 and we are trading just above that right now currently trading at a dollar 66, but i do anticipate a little bit of a pullback with that 50 million dollar direct offering at a dollar 25. So just be ready for that.

The volume does look very nice right, especially leading into the after hours in the pre-market. The next day we saw a huge run-up. I mean the last trading day was honestly not that bad. It was consolidation and uh.

When you see a huge run-up like this and the correction, really isn't that existent? That's really not that bad guys! That's that's! That's a good thing now that means that investors are bringing their money to the stock because they see the long-term potential with sense and honestly, if you just think about the premise of the company think about this really quick. If sensonics focuses on the design, development and commercialization of implantable continuous glucose monitoring systems for people with diabetes, that is huge. I i know a couple people personally in my family that have diabetes right and for you to have to manage your glucose with those prickers with uh. You know all the different things that you need to to either bring your glucose up or bring your glucose down.

I got my undergraduate nutrition and i realized that pain in the ass. It is no good, i would swear, but i don't want to get demonetized um it's. This is a kid friendly channel guys. We've got a lot of kids watching this, not really but uh whatever.

Whatever, but i believe in the potential of this company long term, i don't currently have a position, i'm going to be completely transparent, guys, there's so many good stocks out there. It's tough! It's tough because you don't want to over diversify your portfolio because then you're not capitalizing on your real gains, but sends is definitely a good company from what i can see here. Just at first glance and the charts look freaking phenomenal. They look awesome, so just be ready for that dip.

I do anticipate that happening. I'm going to drop a fibonacci, really quick, and this is just a retracement tool. Don't be scared away by this. I promise you it's not complex, um.

All that it does. Is you you drive from the lowest point of the base here before the run up to the top point with this top line, and it tells you how the stock typically retraces right and if we can look here i'll, just zoom in really fast. So you can see we do have a very nice retracement, that's holding up at this 50 level at a 1.49 we do see a triple bounce off of that level, which to me indicates that once we see that direct offering and it's likely going to dip below A dollar 25, which is not line up with the fibonacci scale um. I anticipate that this dollar 49 level is going to be where we kind of stabilize just based on some price action that we've seen in the past.

You know, of course, this is just a tool. This is just based on previous trends that we've seen, but it is likely that that dollar 49 level will remain an important factor in the stock. Now that uh, that direct offering is going to affect this, but we are currently sitting in a pretty nice. This is not a perfectly picture-perfect bullish flag, but we do have a nice looking bullish flag happening right now.

So if you take a trend line - and you draw it from the top of this uh - this spike right here and then a trend line from the bottom base pole of the flag right here - you can see that it's kind of squeezing a little bit and that Consolidation is usually an affirmation to buyers that says hey. This is a good stock. This isn't something that's going to rip and dip uh and just waste my money right, because nobody wants to get into a stock. They think it's going to absolutely plummet after they buy it right.

So this is a good sign. This is confirmation to buyers that this stock does look nice. The volume is there. The rsi indicator on the day after actually was still trading a little bit overbought.

It uh it wasn't even neutral, so i think people do have a high sentiment on the stock and based on previous run-ups with sends uh when it does go over 70 on the rsi. The corrections aren't that bad. The corrections have been 40. 38 36.

We did have one pretty gnarly rip right here, um down to about 30., and that's that's the worst that i can see so far. So as far as volatility goes, the stock really hasn't been that volatile, which is a good thing right. That's uh! I mean, i guess it depends on how you want to look at it, but if you're looking at this as an investment uh, it's going to make you sweat a little bit less right um. We do have long periods of consolidation just previously speaking so um, not a lot of price action happening, but with their recent release, i think there are going to be some people who who get their attention brought to sends and it does not look bad.

The stock looks pretty solid, so we do have a crossover between the 15 bomb and the 200 ema, and this is a tool that i use to predict potential breakouts. Of course the breakout already happened here right, but this is an extremely bullish indicator. We do have a large gap here between these two levels, which to me indicates that it should continue to run at least for some time or the very least, consolidate right. So if we look at the previous run up, we can see that it did last for about.

I would say two days and then, after that it did consolidate for a pretty long period of time outside of one small spike and then dip back down, but um with the news that came out with a direct offering. That is a good thing for the long-term growth of a company that is a way for them to generate revenue to capitalize on their run-up, based on the news that came out um, and i i think that the potential for this company is definitely there if you're. Looking at it for an investment right um, so that's how that's looking right now we do have a crossover, pretty bullish territory. We do have a bullish flag.

I do anticipate breaking downward on that bullish, flag and watch for anywhere between. I would argue a dollar 05 and a dollar 20.. I think that is likely where you're going to see the stock end up uh market open on tuesday. So that is a good buying opportunity if you're looking to get into the stock.

Please please please, please, please don't buy in what it is sitting at a dollar 66. I think you are going to be very mad if you do that, because i do anticipate there's going to be a pretty gnarly ripped down since the direct offering is at a dollar 25 shareholders are not going to want to hold a stock that is valued higher Than the company thinks it's worth when they're selling the stock right, so i do answer the pay to sell off um just be ready for that. If you are holding the stock, maybe you take profits and you re-enter back in at a dollar four to a dollar. Twenty or, if you believe in the stock long term right, you can just dollar cost average, either up or down and improve your position in the stock.

I just don't sweat that dip, because i anticipate that happening. That is good for the long-term growth of the company. It's just gon na be a little blip in in terms of what what happens over the next couple months. So that's how that's looking on the one month chart.

We change it over to the two day. One minute chart we'll look for any extra confirmations that we have to buyers based on this. Of course, you do need to take this with a grain of salt, since there is a direct offering that catalyst is going to push the stock price down, but it very well could come back up and i do think it will come back up to about a Dollar, fifty at the very least by tomorrow. So currently, if we look at this um, we do have a double bottom right here.

I will draw these throw these out just so, you can see it leading into the after hours and a double bottom is a bullish indicator. This means that sellers try to push the price down more than one time and it was rejected. Buyers push the price back up. We do see a very nice push in both instances.

Actually, you could call this a triple bottom, because we do have two touch points here on that dollar 55 mark, but we're just going to call it a double bottom, because it is. It is forming two pretty nice little dips right here and then this is a little bit of a stair-stepping action. We are moving in an upward channel right here and then, since this little stair step that we saw uh this upward trend, we have been squeezing down on price action overall, leading into the rest of the day. So you can see.

I drew up that trend line right here and then, if we even want to further draw the trend line, you can see that it's squeezing based off of this pre-market action, and that is a confirmation of buyers that the stock should continue to grow. So it looks very good our signing hitter throughout the day bounced, you know, between overbought and oversold territory, so a pretty solid consolidation day didn't really lean one way or the other overall you're always going to see that sort of fluctuation on the rsi. Just as people take profits or day trade or swing, trade, et cetera, but suns does look like a solid opportunity to get into uh. If you'd like to swing trade, this watch for the dip down between dollar 400.20 and right back up to a buck 50.

Take some profits, you're going to be a very happy guy, i think mid to long term. This stock is a very solid opportunity guys and as it continues to develop as they continue to work towards that glucose monitoring system, that you can that you can implant um. That is going to be huge, and i can see this being a big player in the medical field, man, pharmaceutical and biotech companies right now are just crushing it's so nuts, it's so crazy. I can't go where the money's going.

That's all i'm saying, and this is where the money's going right now it's going in a company like sends, so this is a good stock to get into guys. I feel very good about it and i hope that this video was helpful for you. So that's what i have for the technical analysis and news update fundamental analysis on sends if you enjoyed the video, please drop a like and leave us help, support the channel and consider subscribing if you'd like to see more content like this. And lastly, i do have an affiliate link in the description box for tubebuddy.

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