What is up, everybody welcome to trade 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'd like to purchase by saying that i'm 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 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 In the stock market, and if i can pass along any of the information, the resources, the tools to you guys to change your lives even just a little bit for the better hey, that's all guys can ask for. Lastly, before we get going, if you wouldn't mind liking the video, it really does help support the channel and consider subscribing if you'd like to see more content like this.

With that being said today, this is going to be the second subscriber requested, video that i'm going to be putting out, and it comes from subscriber subscriber yo love the videos and great analysis, logical and honest great content, mate. What are your thoughts on boozy and i replied to him: hey daniel great thanks for the support my friend congrats you'll, be one of today's subscriber requested videos make sure you're subscribed. So you can see it today. Let's see well buddy here we go we're going to be covering ticker symbol, v uzi vuzix corporation, and i'm going to give you guys a couple of different viewpoints.

Here, we're going to look at a macroscopic viewpoint. I do have the six month chart pulled up and the daily chart so that it appeals to both midterm to long-term investors and date or swing traders if you'd like to play it that way. So, first off, let us read what this company is as a whole. So vuzix corporation is a supplier of smart, glasses and augmented reality, technologies and products for the consumer and enterprise markets.

Its products include personal display and wearable computing devices that offer users a portable viewing experience, provides solutions for mobility, wearable displays and augmented reality. The firm also holds patents and numerous ip licenses in the video eyes, wear field so very interesting company. I i find that kind of interesting that does seem to be a sector that is really blowing up right now. Is this augmented reality, especially i think of like the playstation uh? You know they have the the ps vr, which is really cool, vr and augmented.

Reality does seem to be something that is going to be taking over over the next two three five ten years. So i do see a pretty decent amount of upside in this stock and i will leave a link to the financials and the overall company fundamentals in the description box down below. If you are interested in checking that out with that being said, let's take a look at the overall trend on voozi we're going to look at the volume the volume moving average. What these both mean, what you should be looking for as well as develop some support and resistance levels, so, first off, let's develop a support line.

We do have a support here at 342. we have a secondary support at the prior level of resistance, which i will set right here at about 4.99, we'll call that five dollars and a current resistance level sitting right here - you guessed it at 10.98, 11, even man, Traders are so simple: we try to make things as easy as we possibly can 11 a nice even round number we're all simple creatures. We look for the easiest things and that does seem to be a psychological barrier for traders. Now.

What i find very interesting is vuzix corporation is very close to graduating out of the penny stock realm. I do like to see that that is. That is awesome, so i think the risk here is a lot lower than it previously was. If you got in at the three dollar four dollar five dollar range, because penny stocks are typically more volatile than a traditional stock which is graduated out.

So a penny stock can be considered anywhere from the zero dollar to ten dollar range uh. Sometimes you see different uh different descriptions, different uh definitions on a penny stock, but that is what i consider a penny stock is anything under ten dollars, so we are very close to graduating. Out of the penny stock range now 342. I don't see us hitting that level again, but 4.99 five dollars is the current support level on this stock.

Now we do seem to be holding pretty well at nine dollars and eight cents. However, i do see a price correction happening on vuzix corporation. It's not guaranteed, but it is possible when a stock runs up. You know from we were sitting here at four dollars and twelve cents up to eleven dollars in one two, three, four, five, six seven eight days guys, that is a uh.

That is a sign that a price correction is probably going to come now. If we do look at the candlesticks, they do look pretty good um. I like the pattern that we're seeing here, sellers don't seem to be very strong. You know this very long.

Wick indicates that we have weak sellers. You know sellers tried, dropping the price down almost eight dollars. They they did not succeed. In doing so, buyers were stronger in the market, it was a red day.

However, it was a very weak red day right and what we're going to be looking for in the days moving forward is a green candle that can engulf this small red candle here, like you see here, so we have this large green candle on you know two Days ago, on the last trading day, which would have been wednesday, which indicates that we may be seeing some price movement back upwards to this 11 range. Now, if i was to set an immediate level of support, we would probably be looking right about here at eight dollars and nineteen cents, so watch for this. If the stock price dips below this 819 mark, which is a current acting level of support, i would expect that we drop back down to five dollars or somewhere in between these two price valuations. However, if we retest this 820 support level and we succeed in holding it - that is a good sign that we are likely to move back up to the 10 range now this stock did just recently shoot up, so the likelihood is higher that we do see price Correction, we try not to buy stocks when they're at their highest price valuation.

Guys you do want to buy as cheap as you possibly can, and it does seem to be a little bit early to buy into woozy as a company without seeing a little bit more price action. So personally, i would wait to see if we can retest this 819 and see a very solid trend where we bounce off and we have upward momentum back on the bull's side. We are trading about the volume moving average on the daily uh. The daily chart timeline.

However, i do like to see a little more clear-cut evidence that we are going to continue the upward trend and, right now it looks like we're in a consolidation phase, and consolidation can go two ways it can go up or it can go down and just based Off of how much growth we've seen on boozy in the past, i think it's more likely that we see a downward trend on woozi a little bit of price correction. But that is why i have the 819 mark right here for you to watch. So if we do bounce off that support level, it is more likely that we go back up and re-test that 11 resistance line. I have not paid much attention to voozi's news or public relations or recent catalysts, so i cannot tell you if that is going to be a factor or not make sure you do your own due diligence and pay attention to that, but based solely off of the Candlesticks solely off of the technicals, that is what i am currently seeing so watch for this 819 immediate support level.

If we do see a bounce off of that towards the upward side of 11, i do think we will continue to see higher price valuations. But right now we are in a five-day consolidation phase, a consolidation trend, so watch for that. If we do test this 819 and we do come back down, i do imagine we're going to be somewhere in the middle of this 5 and 819 range, so do be watching for that. If you would like to date or swing trade, this you are going to be looking at the immediate side of nine dollars as a level of support and the near side, um man.

Why is this lagging? That's weird, the immediate side of nine dollars and thirty cents? As resistance now, we are trading closer to the support than the resistance at the moment. So watch for this. If we come down to 8.99 - and you see that uh okay, we're kind of we're bouncing off of 8.99, it seems to be moving back upwards watch for 931 because we come back up to 9 31 and we retest this and we bounce back down. That would be a good time to exit your trade and make a small profit.

If we come through 9 31, you see a breakout towards you know 10, which is likely the next area that we would be aiming for. You can continue to hold your trade and maybe set a trailing, stop loss that way. If it does start coming back down, you can lock in the profits. That is personally what i would do if you want to short this stock watch for 931, see if we bounce off 931 and re-test this nine dollar range, and if we do re-test this nine dollar range.

Well, hey. We've got the macroscopic view right here saying that 820 is the next level of support. So if we do re-test nine dollars, it goes below you see a little bit of a sell-off. You see.

A drop in stock price 820 is a mark that i would watch for. It is likely we come down to that support level to retest those price valuations so watch for that in the near side, if you are going to be a day or swing trader on the stock. Now, let's pay attention to volume here, typically, in a day we're seeing anywhere between you know, 400 000, to i would argue, 4 million and just for the sake of simplicity, we're going to say 2 million, because this does seem to be a little bit of an Outlier, that is the normal trading volume. Now we have been seeing abnormal trading volume as of late 1.5 million, 2.8 million 4 million.

If you continue to see these unusual trading volumes on the stock, the volatility is going to remain higher. You can see that the spread on opening close on voozi, while we were trading at normal volume, is not very high. You can see here we have the low of about four dollars the high of about 34.35. So a 35 cent spread, whereas here with higher volume, we're seeing more volatility right, so we're opening at 443 we're closing at 494.

you're, seeing a wider spread and more volatility and volume drives volatility. Volatility drives higher price valuations. So if you are looking to mid-term or long-term investments on this trade, be watching for unusual trading volume that pops up on this stock, as that will likely shoot the price valuation higher than it already has. That will help us push this 11 price valuation in a shorter time frame uh.

We have been overall on a bullish trajectory. You can see here that for the last month, or so we have been above the volume moving average, we have been bullish and what the volume the volume, what the heck is happening. Let me start over: the volume moving average indicates whether the bulls or the bears are in control of the overall volume and the overall trading trend, and you can see that the bears are not currently in control of the stock. It is completely bullish territory, even though we are in a consolidation phase.

This trend overall in the last month is still extremely bullish, so it is possible that we continue to see that bullish movement. However, it is possible also that we have price correction, which is why i have that 8 20 mark set for you guys to be watching for so. I hope that was helpful. That is what i have on vlzx corporation ticker symbol, v uzi.

If you enjoyed the video, please drop a like, it really does help support the channel. Consider subscribing if you'd like to see more content like this. I do post videos daily multiple times a day and, if you'd like me to cover a stock of your own drop it in the comment section down below, as i do cover subscriber requested stocks every single day during the weekends i may even cover more like, like We're doing right now, that's why i'm covering an additional stock for my friend and uh. That is what i have for the video.

Lastly, i have an affiliate link in the description box down below to tubebuddy. Now tubebuddy is a website that i personally pay a monthly subscription, for i have the pro membership, which is nine dollars a month and what it does is it optimizes search results and seo optimization. So it helps me get these videos out to you guys so that they're viewable, so that people can see them and it can meet its intent. So, if you're a content creator and are interested in making sure that your videos are reached by the people, the audience that you are intending it to reach, i do recommend that you check out the link.

If you do go through my link in the description box and sign up for a subscription, i will receive a commission. So it is a great way to support the channel if you're interested in doing so, and they also have a free option if you're interested in doing that. So that is an option for you. If you are not interested that is okay, i am totally understanding all.

I am all i'm hoping for is that you join the community and enjoy the content that i'm putting out for you. That is the ultimate goal with the channel. So that is what i have for you guys today and i hope you enjoyed. I will see you all next time: peace,.