What is up, everybody welcome to trade trades, where we get technical analysis on different stocks in the stock market, as well as buy hold or sell opinions on these given stocks, i like the preface by saying that i'm not a financial advisor nor expert. I am just some random dude on youtube, so what taker did i say with a grain of salt? You have to excuse the fact that my tone is a little bit quieter than usual. Today, i am at my girlfriends for the holidays, so you have to bear with the fact that i am a little bit quieter than normal, i'm being respectful of their sleep schedules uh. Lastly, if you think you enjoy the video, please drop a like, if not a dislike, either way, you're helping out the youtube algorithm and if you'd like to see more content like this, i do post videos at least once a day and most of the time i Put out two three four five videos a day, so if you'd like to see more content like this, please join the family and hit that red subscribe button.

That would mean a lot to me with that being said. Today we are looking at ticker symbol. V-E-R-U veru incorporated and i'd like to take a look here at the 10 day charts and give us a pretty good idea of what we're looking at here. So if we look at the all-time low for the last 10 days, you're looking at about four dollars and 82 cents and the high is sitting at about 12 dollars and 19 cents.

So, for those of you who are not familiar with veru vero incorporated is a company that is researching, alternate cancer treatment methods for both breast cancer and prostate cancer, and they had a pretty solid phase. Two drug trial that went through and when that happened they gained a lot of traction. So you can see right here. That's when this is when our video really started taking off, and here in the after hours, you can see a significant spike when the ceo went on the kramer tonight, show it jumped up from 7.71, as i was.

They jumped up from 10.27 all the way up to 12.19 as a high. This is all basically just green bars, green candles, that's something you love to see and growth, and this spike was almost all above the volume moving average the vma and for those of you who don't know, that means the bulls were in complete control, that is, bullish Territory and we would love to see that, if you're a bowl, if you're looking for longing a stock, however, we have been on a very gradual downward trend. If we look at market open on the 16th of december, but you're sitting at about 9 and 76 cents and we closed off uh on friday or actually thursday, because it was christmas at 8 76. So we are down basically an entire dollar and it has been a very gradual decrease.

This is both good and bad. You know lack of price action out of a stock that was previously very volatile. That's not great because volatility is driven by volume and if we don't have volume, then you're not going to get higher share valuations very easily. So we would like to see some more volume get pumped back into the stock.

However, their since they are a pharmaceutical type company is going to be very based off of um positive news results or public relations teams uh, so we're gon na hope. We're gon na have to see some more news come out on some of their different drugs and hope that that is positive, because that will again bring the volume and the volatility back into the stock to pump it back up. If we look a little closer here on the five day, charts we're going to establish levels of resistance and levels of support, eventually, here five day, i'm on wi-fi right now, a bunch of crap all right, we'll draw it anyway, we can see here if we look At thursday, we're sitting at about 9.21 as a potential resistance line, maybe even a little bit lower. To be honest, we are going to drop that a little bit lower.

I don't know we're going to call that 9.10 and our support. I don't feel very confident in the support line, but the one that we are going to use will be: let's see if we can bring this up a little bit. We have a pretty solid support right here. So if we look at these candle wicks, we can see there's multiple candle, wick sticks that are touching here, which is a good thing to see, because that means that, for whatever reason or another, that is a psychological barrier to traders and it is unlikely to get Crossed in the future, since it has not been crossed in the past, however, something to expect if we do drop below this 871 support level, you can expect a very red day and probably a pretty drastic sell-off, because previously the the level of support was, i don't Think correct me: if i'm wrong in the five dollar range, my charts are being a little goofy right now, so i'm not really able to pull them up as i'd like to be, but our first level of resistance is going to be about nine dollars and 24 Cents, if we can break through that, we have a more solid resistance line right about here at 9.35 and if we break through both of those in a given day, you will see product price valuations approaching ten dollars pretty easily, because that is going to be the Next level of resistance up here in that ten dollar range, so what you're going to be looking for for veru to get some pop off is some more positive news.

Catalyst. If i read anything, i will put it in the description box down below and you're going to be looking for volume, so keep an eye on volume, because we are lacking the volatility this stock saw before we are trading more sideways than that i've ever seen out Of varus so keep that in mind as well. How would i play the stock? Well, if you are a bag holder on vario, let's say you bought it in a 10 plus dollar range and you're waiting for this thing to go back up. If you are willing to play the long game, this stock will go back up because analysts have a 12 month price target on this stock anywhere between 12 and 19 dollars.

So if you're not in dire need of that money, you will be able to make a return on your investment and then some. So that is one method. Personally, when i am a bag holder, i uh. I want to pay attention to trends and patterns and we are seeing here a discontinuation of trends and patterns, we're seeing less and less volume getting pumped into the stock, less and less price action, which means that your time horizon is going to need to increase.

If you want to get your money back on a stock like veru, because it's not trading the way that it used to, so that's just something to keep in the back of your mind, i'm not telling you what to do with your money. That's just what i would do personally, how can we play this stock now? If you do not have a position, if you don't have a position, i think 871 that support level down here is a very solid entry point. I would consider that, as as a point to get into the stock, however, i would not try to get in anywhere near the nine plus dollar range, because there is a chance if we drop below the support line that we do see even lower lows than we Have in the past year, that is all i have for video today. If that was helpful, please let me know in the comments down below, if you'd like to see me cover any other companies um with technical analysis.

Let me know also please like the video. If you enjoyed dislike, if you did not either way you're helping out the youtube algorithm and consider subscribing to the channel, if you'd like to see more content like this with that being said, that is all i have for you today. So thank you for coming i'll. See you guys next time peace,.