Oh man today was the ugliest price action on zone that you could ever possibly ask for. Look at this guys. Look at this. This needs to go.

This needs to go in the dictionary somewhere so that people can literally look up the definition of barcoding, because i can't believe we barcoded the entire day. That's so disgusting, oh man! What is up? Everybody welcome to trace trades. 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 purpose by saying that i'm not a financial advisor nor expert 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 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 the information, resources or tools that are given to me here to the community, i make a couple people better off than they were before. That's all that i can ask for last. 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.

Now today we have uh. I don't even know what to say about it, but we have an update. I'm sorry i'm done. I'm done.

We have an update on ticker zom zometica corporation corporation uh, we're gon na run through a couple different things here: we're gon na start off with the one month chart and we will take a look at a couple, different indicators that i pulled up. The rsi, which is a relative strength index anything over 70s overbought. Anything under 30 is oversold. I do also have the 200 ema, which is the exponential moving average, and this is just a 200-day price action based trend line over a 200-day moving period, as well as the 15-day vomit, which is the volume-adjusted moving average, and this is a 15-day price.

Action-Based trend line over those 15-day period that is uh adjusted according to the overall volume in a stock, we'll talk about what these all mean talk about both bullish and bearish trends, currently on the stock. Uh talk about potential entry points exit points on the company, i'm going to be personally holding this for the midterm. That is my suggestion to you. However, do your own due diligence and make your own decisions, but i do have a position in zone currently at a dollar cost average of 78.2 cents for 4 450 shares currently up 967.27 and uh.

I do not plan on selling it anytime soon, in fact, anytime, that we see sort of dips. I am taking advantage of that and adding to my position that way when the when the time does come, and i do think this is going to be a four or five bagger at the end of march, i will be able to cash out with a very Nice profit, of course, there is risk involved right, make sure you do your own risk management. Do your own due diligence, i might lose all of it or it might make a lot. But to me the the risk is outweighed by the rewards, so we're gon.

Na start off, just by giving a quick shout out to the guys over the patreon. Thank you guys so much for your support. We are over 400 members strong now uh, you guys all rock. I appreciate it a lot.

They all have access to the private discord. As well as real-time insight to my personal trading, uh, we've got a lot of good stuff in your spac place. Short term plays midterm, plays long-term, plays, investing assistance, chatting questions, and i do give like i said my daily updates, uh and real-time insight to my personal training. So if you're looking to get a part of this uh, there is a link to the patreon in the description down below now, if you're not familiar with what zometica is i'll, just read you a quick description.

They operate as a developmental stage company. It creates products for companion animals by focusing on the unmet needs of clinical veterinarians. It plans to offer novel diagnostics and therapeutics that focuses on patient health and practice. Health and the reason i'm very excited about this is we are expecting a commercialization of their true forma system, and what this is essentially is a system that helps to regulate the animals uh an animal's thyroid uh, and that is that is a huge and very niche Market - and this is a great quarantine - covet play right, so uh with covid with quarantine.

A lot of people started getting more cats, more dogs, more pets and with a deep increase in demand and pets comes an increase in demand for pet health, and with that being said, this is a very niche piece of animal health that zometica is going to be Able to capitalize on and if they can commercialize this well, they can patent the system. They can uh get this into the hands of a lot of different people. I can see a lot of upside in zometica and i'm very very excited for what is potentially it's uh, that's presenting itself to us here. So if we just take a quick look at the overall price action here, you can see that this has been either trading neutral or oversold for the last two and a half three days or so and honestly, the price actually has been a little bit boring.

I wish i had more to report on here, but i do try to keep you guys as informed as i can, and i guess the overlying theme that i want to give you guys here is patience, patience, patience, patience because i know right now. The penny stock sector is going absolutely freaking bananas and there's. I wish i could swear because there's a lot of things. I could say that describe it better than that, but the penny stock sector is going insane right now as america's not moving, and i understand that zometica is not doing a lot, but this is going to be a stock that moves every time we get news, catalyst And as we get closer to that march date, that march timeline, it is going to continue to grow so just be patient with zometica.

I am completely content, letting my money sit here at the end of the day, if you have this sitting in a high yield, savings account you've been making less than you are right now, climbing one or two pennies a day in zometica, so i feel very, very Content leaving my money in zometica, it's going to be absolutely fine, i'm going to crush what my roth ira has given me on my six thousand dollars this year and uh this. This stock is going to be absolutely filthy, so uh, that's how we're looking right now, if we look at the fibonacci retracement, really quick, you can see we're holding very well above 94 cents we're kind of floating in between a couple of these retracements. I think 107 is going to be an acting level of resistance. We do have a couple different candle licks touching here.

We've got one two, three, four five six, so this is a pretty strong, acting level of resistance and then, if we do break below a dollar, but we have been holding that very well, we do have that 94 range to fall back on at previous level of Resistance and acting level of support, as you can see here, so very, very boring price action. I'm not gon na lie to you. We were technically down two two cents on the day, a little less than two percent, but i'm not mad about this whatsoever. This is one stock that i'm willing to be patient with, and i think we're looking absolutely fine at this given moment.

So, if you're looking for an entry into the stock, i do think you're going to be absolutely fine getting in at a dollar. But if you catch in that 94 range, that's an opportunity either enter dollar cost average down dollar cost average up, because this is a stock that i think is capable of hitting four or five dollars in that march time period and honestly, the price action here is Very clean: if you look at this back a month ago, the 22nd of december, we were trading at 18 cents. We need to keep a macroscopic point of view here right. So one thing: that's absolutely insane right now, and this is not typical of the market.

Is there a lot of stocks that are paying people 50, 60, 70, 100, 200, 300 margin in a day, and that's not typical, that is very atypical you're, not going to see that forever. It's a good thing to capitalize on now right and we did take advantage of admp. We took advantage of uh inuv, you know bngo jagx, ocgn, uh, there's, there's a million plays out there, but um keep the bulk of your money in a stock. That's safe right! Because things can go wrong, you could buy in during that run-up.

You could absolutely plummet. It could crash. Everybody can take profits. The exact same time, you're left there holding the bag down 30.

40. 50. 100, whatever it ends up being, but it's a stock like zone where we can see the price action is extremely clean. We know that when it stairs steps up it typically stair steps higher lows right.

We can see the price action here is very nice. This is an investor's stock, not a trader stock. We know what it's going to do right, so it's good to have fun. It's good to put your money into stocks where you can turn a quick profit.

Have a blast get a little bit of instant gratification, but it's also important to make sure that you're diversifying your portfolio in a way where - and i actually am a big believer not over diversifying so keep that. In the back of your mind, i try to hold no more than like eight stocks at a time, but it is good to diversify your funds in a way where maybe half of them is 55 60, depending on how conservative or aggressive of investor you are, it Is good to diversify, i would say at least half of your portfolio into stocks that you feel very comfortable with unless you don't need to check every five minutes so zone for me is one stocks that i don't feel like. I have to check every five minutes because i know what the company is. I know what the potential is.

I have a date in my mind. I know the price action history. I know what i'm expecting, and this is one that i feel very good about. So i do recommend getting a position in the stock.

Of course, do your own due diligence, but this is one that i feel very comfortable, letting my money sit in and i do think it is going to be an absolutely filthy return that is going to show. After a couple of months, so i'm perfectly content letting my 4 450 sit here, and i will continue to do so now. I just can't help but laugh looking at this, because this is so. This is so.

This is so dirty and i don't mean like clean dirty like a good dirty, i mean like dirty dirty, that's just oh! That's dirty damn dirty! That's not good! This is the. This is a barcode day. There's absolutely nothing that that i can say about this. In terms of price action, because it's exactly what it is, there's there's no other way to describe it other than we literally didn't move whatsoever.

This is uh. There's a couple different reasons. We can see why this might have happened. Look at the rsi guys! Oh that's! So wack, that's so whack, oh man, the volume wasn't crazy, so we didn't have a lot of volume to push out of this tight price zone right this in between a dollar and a dollar one uh, and the reason i think we're seeing a little bit of This this bar barcode trend is because there's a very strong wall at a dollar, a very strong support level.

I think there are a lot of people that are buying in at a dollar and not a lot of people selling at a dollar, because people are going to try and keep this above a dollar because that's going to attract other investors, it's going to be a Little less risk involved with people. I know there are investors and traders that won't even touch a stock. That's underneath a dollar so hold this above. A dollar is an important factor.

Now i'm not going to call this either bullish or bearish. This is not any good price action here to say either way i mean in the after hours. I think we are up, maybe one or two percent, but barcodes are exactly what they are. They're boring they're they're just consolidation days, there's nothing that i can really say about the price action here, because there's nothing that's showing up on the charts other than up down up down up down up down down, and it's it's.

It's just been two days of this right, so it's! This is the very definition of consolidation. This is the very definition of testing your patients, if you're a very good scalping trader. This could make you a lot of money if you just sat here for for five hours and scalped the crap out of this penny for penny, one percent by one percent uh. But you know it's, it is what it is.

You know it's uh. It was a pretty boring day for zome, not a lot of price action here on the two-day chart, macroscopically still bullish. We just do. We do still have the crossover on the 15-day vomit over the 200 ema.

It is thinning down right. We are very close to closing that gap, but there is still a small gap right here between these two indicators, so this is still bullish territory. Now, if we do break below that - and you see some bearish action begin on the stock, i would guess that you see a bottom out at 94 cents and if we break below that 90 cents is the next acting level of support. And if you can get in at either of those price zones, i think you're going to do extremely well uh.

This could go either way. I don't really feel comfortable telling you this is going to run yet we're if we had some sort of press release news release any sort of news catalyst whatsoever. I feel very comfortable telling you which direction it's going to go, but there's just not any good data or psychology that i can give you on the charts here other than the fact that people are still holding the stock. People are still buying the stock, but not enough to make a difference.

This is just straight up. Consolidation and i've said it before consolidation slightly favors bulls. I'd still consider this slightly bullish territory, but this could very easily become bearish very fast and that's not a terrible thing. Right.

Pullbacks are healthy for charts unless your tesla, in which case you're just an anomaly in the market but pullbacks, are healthy. It's an opportunity to improve your position, establish a position, increase your position because we always want to buy as close to 30 on the rsi as we possibly can, because then we know they were buying a stock when it's undervalued instead of overvalued, and that would be The opportunity right there, so that is what i have for the weird update on zone two days of bar coding, still slightly bullish territory, and i hope that was helpful for you today. If you enjoyed the video, please drop a like if it does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i do 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.

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I just appreciate your support by taking the time to watch my videos, so thank you for watching my friends. That is all i have for you today and i'll see you all. Next time, peace.