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 thirty thousand dollars in debt because of some medical issues, and i had some really good family and friends that were able to push me into the stock market.

And that was my key to financial freedom. Now, i'm very grateful for those guys, and i want to be able to pass along some of that same information to you. That way, i can maybe change your lives a little bit for the better, and you can do the same for somebody else. So.

Lastly, before we get going, if you would mind, drop a like on the video, i'd really appreciate it and consider subscribing to the channel uh, because i do post videos like this every day and i would love to help you out and have you join us in This community, we just recently broke 200, and that makes me feel real good, so i'm thankful for every single one of you with that being said today we're going to give an update on ticker symbol, v e r - u veru incorporated now! Here i have a 10 day chart pulled up and i want to look at the overall arching trend now. If we go back here, you can see when veru went on the kramer tonight show and just for those who are new to the video and haven't seen me put out a very video. Yet this is a pharmaceutical company who is offering alternate treatment methods to cancer. Specifically, prostate and breast cancer and the way that this this treatment works is it's a right now they're on a phase two drug and it's a pill alternate to chemotherapy.

So the the side effects are very minimal if anything, uh it's much less harsh on the body. So obviously you can see where i'm going with this. This is a huge deal and on this little spike right here, they went on the kramer tonight, show and announced their phase two drug results. They talked about whether or not there was going to be a reverse stock split, which is basically share.

Dilution shareholders. Don't want that, and the ceo said. No, you know our cash situation is looking pretty good. Our financials are awesome and uh right now we're working on a phase three of the drug, so that is what we're expecting right now.

This is a pharmaceutical company, so you do need to keep in mind that, even though he said that their financial situation is good, it is obviously not going to be the same as a different company. So you are going to be looking for news catalyst on this stock and the fact that we saw a green day yesterday off of no news catalyst is very promising to me but anyways. Let's look at the last 10 days of trend here. You can see that we were sitting up all the way at 12.19 and we have seen a low of about eight dollars and 52 cents and right now we are, we are sitting above nine dollars and in the after hours market it looks like we're even higher Than that, so i mean overall, the last 10 days.

If you start off here we are a little bearish. This is an overall bearish trend. However, if you look at the last five days, it's much less bearish than it used to be so we started off at 9, 27 closed off at 9, 12.. So that's almost neutral i'd call that consolidation.

However, we did have a green day. Yesterday we were up about four percent, which is awesome. We spent basically the entire day above the volume moving average. I'm gon na change this to a five minute chart, so we can see some patterns here and uh.

That's pretty huge. I mean the volume looks really good here. It stayed consistent throughout the entire day, which you, you definitely love to see. It's staying consistent with the rest of the patterns that we have here.

You know we did see a lot more volume on the kramer tonight show which is to be expected, so the hype has died down a little bit. That is a little concerning because you don't see as much volatility with stocks like this without the volume um, but this company does have a solid situation and from what we're hearing their financial situation is really good and uh. I do expect this stock to go up. Pretty decently high, you know, you're gon na have to have a longer time horizon with veru.

You might be looking at three to six to 12 months to hit that you know 12 to 19 dollars. That analysts are giving us, but that is going to happen. I'm willing to bet you my portfolio there's just way too many good things going on here. You can't tell me, i mean i'm sure you guys have seen what happened with glsi right, that that stock went up to over a hundred dollars and i think before it was less than five and a similar situation.

You know it was a pharmaceutical company. From my understanding, correct me, if i'm wrong but um, they released some great news and press and just shot up, and the same thing can happen here with varu and i really love what they're doing right now. So if they get a successful phase, 3 drug out on on alternate cancer methods, you are going to be looking at an absolute filthy return on this thing. So let's draw up some support and resistance that we know we're working with on the trading day today.

Now, what you're, looking for when you're establishing support is a level that is rejected one two three times or so, and we see that right here. So you can call this a very solid level of support, eight dollars and seventy two cents and we do have a fallback support level, and that is going to be right about here. 885 and the reason that i'm moving it up a little bit is because it touches these candlesticks and if we can get it to touch multiple candlesticks, it is a stronger line of support. So i do like that 885.

Quite a bit. This seems like a pretty solid level of support, so keep these numbers in the back of your mind, if you want to write them down that way, you know what to expect. If we do dip below 885, we do have a secondary support level here at 872 and the price rejection on this one is a lot stronger. We do have a double up, which is a uh.

Actually, this is a triple up. So that's a very sunshine. Uh sign of a support level, so that is a good one to keep in the back of your mind. Now, resistance is going to be very easy to see here we have resistance sitting right here at 9.15 and that's a pretty strong price rejection.

However, in the after hours market, we closed off at nine dollars and six cents, so that's a nine second gap. Nine nine second gap, man, what's what is going on? I need smart coffee. That is a nine cent gap which is not much to make up, especially for a penny stock. Now, if you look at the five day chart here once we break through this 915, which also seems to be a level of resistance throughout and also an acting level of support, so you can see here.

This is a very important number if we can break above 9 15 and hold above 9 15. That's going to be the key holding above 9 15.. There's a lot of upside here, you're going to be looking at trading between, i think nine dollars and 15 cents and all the way up to 9.40, essentially maybe even higher than that i'd argue 947. So that would be a huge step in the right direction.

If we can hold above 915 hold that price valuation, because the next step from there is going to be a resistance level right around here at 9, 33 and then again at about 9 45.. So keep those numbers in the back of your mind. 9. 15.

As a primary resistance level to hold above for the day today, if we close above 9 15, that's a great day for veru, it's a great step in the direction towards meeting our 12 price target on veru and then 944, secondarily and all it'll. Take for this to hit that price target is to get over 915 and see a little bit of volume, because volume drives volatility and volatility drives higher price valuation. That is what i have for very today, guys if i read any news coming out on this company regarding their phase 3 drug results or research or public relations, any sort of news or catalyst. I will share it with you.

You can expect it in all my vero updates, and i just want to keep you guys all as well informed as i possibly can. If you enjoyed the video, please drop a like, if not a dislike, either way. I appreciate your support. Consider subscribing to the channel.

If you'd like to see more content like this, i do post daily videos multiple times a day and i would really love to have you be a part of the trades trades community. Thank you guys, and i will see you all next time. Peace.