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ZOM Stock Analysis Today: ZOM Stock (Zomedica Corp.) operates as a development stage company. It created 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. In this ZOM Stock Analysis Today video, we discuss a macroscopic and microscopic overview of the company. We also establish levels of support and resistance for both investors and traders, analyze the 200 EMA (Exponential Moving average), 20 VAMA (Volume-Adjusted Moving Average), RSI (Relative Strength Index), bullish and bearish trends, technical analysis chart patterns, and potential entry and exit points for traders and investors.
Zom Stock Fundamentals: https://www.marketwatch.com/investing/stock/zom
ZOM Stock StockTwits: https://stocktwits.com/symbol/ZOM
ZOM Stock News: https://www.nasdaq.com/articles/why-zomedica-stock-soared-today-2021-01-08
ZOM Website: https://zomedica.com/news/
2 Free Stocks With $100 Deposit on Webull: https://act.webull.com/ve/L4WlkRlNSpq9/vvk/inviteUs/
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What is up everybody? Oh man, look at this sucker go. Oh man, i thought he'd push a buck. We did it anyways welcome to trey's 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 premise 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 into 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 now financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass along any of the information resources or tools that are given to me and make the community a little bit better off than it was before, it's all that i can ask for.

Lastly, if you wouldn't mind dropping a like on the video really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day and i will be covering a weekly penny play uh every single week. Starting on sunday, so uh, just a quick shout out to the guys over at the patreon we have some new members join us uh. Today we are currently 171 members, strong, i'm going to say your name completely wrong: brother uh tees, romar, aaron, drake, tim nathan, louis germ, german billy ibrahim manu. Thank you guys.

So much for joining the support really does mean a lot to me. They will have access to the private discord as well as real-time insight to my personal trading uh. So, if you're interested there is a link in the description box down below now watch for this scam account, there is someone called trades, uh trades trade missing the s. Even though it's not me because it doesn't have this great box around them, if you have the time to report them, i definitely wouldn't mind.

Don't don't buy his crap, don't call that number uh you'll be better off for it. So we're going to give you an update on ticker symbol, z, om zometica corporation, and i do have a position in this stock. I'm currently sitting in at a dollar cost average of 0.782, with 4 450 shares currently up 18.8 655 bucks, not counting the pre-market right now, as this last price that was factored in was um 93 cents and we are currently trading at a dollar five up. Thirteen percent currently so we are up about thirty percent on zone right now and guys, i'm very highly, considering playing this off as a midterm hold.

I think, there's some really strong promise here. I will update, as always on what my game plan is, but i just want to present to you guys a couple different things. So, first off, if you're not familiar with what zometica is they're a developmental stage company, they create 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.

Their current market cap is 273 million dollars and they are trading at just over a buck. Right now - and i showed this in my last video - but in case you didn't catch it - i find this very interesting. Jag x is a 500 million dollar market cap company and they were trading at 3.48 cents. They had touched five dollars at one point: right zone is about half that right zone is a 273 million dollar market cap company.

So if all you do is double that, that's two dollars and 10 cents right now right so either zone is extremely undervalued or jag x was extremely overvalued either way. I just thought that was an interesting thing to take note of their uh. Their overall message. Volume is up um, which is to be expected when you see a massive run-up of 92 percent in a single day um.

You know i did talk about why in my last video but uh carol, baskin apparently, oh god just says thinking about this. Every time hero, baskin put out a video talking about the company and it uh, it appeared to attract some pretty unusual trading volume and a lot of buyers interest. So we saw a huge, huge spike up a lot of buying pressure, and this is what is attracting my attention for a possible midterm hold on the company. This was posted on january 4th, and this is saying zometica appoints robert cohen ceo as company near his commercialization of true forma, and this is expected to come out sometime in march.

So, let's just take a quick read through this: a veterinary health company, creating point of care diagnostics, products for dogs and cats. Today announced the appointment of robert cohen as chief executive officer, effective january 1st 2021., mr cohen, previously served as a company's interim ceo and as a member of the board of directors and i'll leave a link to this in the description box down below. But essentially you know, zometica does have this true form of drug that is expected to come out in march and if all goes well with that - and i've read in a couple different places that three dollars is very possible and you know i definitely don't see that Being unrealistic at this point because we are currently pushing over a dollar and if we close end of day over a dollar that is going to attract some new investors, i think i think people are going to view this, as probably like a second tier penny stock. You know anything under a dollar, you just assume there's a huge amount of risk and anything over a dollar you're.

Looking at a different ball game right, so you know, i think, if we can graduate and hold over a dollar and then after that, push to you know two dollars three dollars. Honestly, three dollars might be a low ball if this picks up some momentum, because guys this is just starting to pick up. I think this is uh. This is a hype play that is just starting to get hyped.

I mean they're up a lot in message: volume. The 61 000 number was not here. You know two weeks ago, so um we're really looking really solid on the stock right now, and even as i'm talking, this thing is going up like you would not believe, which is just absolutely beautiful, to see. I'm very happy that i decided to take a position in the stock and i hope that you guys did too right that it's looking absolutely beautiful.

We couldn't have asked for a better penny plate. If there's people out there that made money on this, that that had some diamond hands and held overnight, i know that was nerve-wracking. It was it was nerve-wracking for me too, but it looks like it's definitely going to pay off here. So um.

Let me know in the comment section down below how you're sitting with zone now we're just going to take a quick look at the charts here. We'll talk about the rsi, the relative strength index, anything over 70 being overbought. Anything under 30 is oversold. The overall volume i do have the 200 ema and the 20 day vomit pulled up.

The 200 ema is an exponential moving average over 20 a 200 day period. This is just an average valuation trend line based on price action. Over that period, and then we do have the 20 day vomit the volume adjusted moving average and in some brokerage accounts they call this the v-wap. But this is just a 20-day trend line that takes into consideration the overall volume that's pumped into a stock and creates an average valuation trend line based on that and uh.

There's a couple different things that i focus on with these two indicators: we've got some different levels of support and resistance, we'll look at we'll level off some new ones, we'll take a look at some bullish um. You know things that i've seen on the charts, some different bullish patterns and uh, we'll just keep rocking. So currently we are i'm going to delete this right here. You know we're sitting at 35 cents and 40 cents as uh levels of support, followed by you know a bus through this previous level of resistance right around 51 cents, 63.

67. 76. Um. I can't guarantee that we're gon na come back down to those numbers right because um we are currently trading at a dollar ten and if we can hold that over the end of the day, um traders are gon na want to keep that number over.

Not just traders, but investors in general um. I think that the stock holds up very well and there's something to pay attention. To is any time that this stock has been overbought. The corrections are not very harsh right.

We approach this. This uh high 30s or low 40s mid 40s correction area and to me this, this says a lot about the psychology of who's investing in a stock right. If you see a very harsh correction in the rsi indicator, this says to me anyways that it's more of a traders play than investors play and any time that you see people hang around they're, not taking profits. That says they believe in what's happening with the company right, so you can learn a lot about the psychology of who's investing in a stock and that's very important when you take a look at these kind of plays and that's why i'm thinking about playing this off A little bit different than just a one to two day swing.

I may hold this as a midterm play and i will determine that once i look at some of the price action at very worse i'll, take profits on half and let the other half ride and see what happens. But i'm feeling pretty good about where this stock is going and i might uh i might recommend you guys do the same. Of course, i'm not your financial advisor make your own decisions, but currently it's looking very nice. The price action is very clean, very bullish.

We've had some clean, stair stepping higher highs higher lows. The corrections have not been harsh. The volume is there. I anticipate that we're going to see a lot higher volume than we've seen in the past.

If we go back a month, take a look at this we've. Just been increasing day by day by day by day by day, an increase in volume brings increased volatility and as lucky as it is as as much of a freak accident as it is that carol, baskin video guys. That might have been exactly what zom needed to really get cooking with crisco. So i think that's the funniest thing since sliced bread - i'm not kidding.

Oh god, that's gold um, but it's it's looking very, very clean um. If we change this back to you know, a 10-day chart really quick. Take a look at this. We did have two days in a row of bullish, flag patterns.

One day here, you've got the the poll, and i was asked this in my uh private discord over the patreon. What a bullish flag is so what you're looking for is a very sharp climb right. We've got a huge green candle right here and then you're. Looking though this is the pole and then you're looking for the flag, so the flag is the top of a candlestick from the bottom of another candlestick and it forms a flag pattern.

That's a condensing, a price action. You can think of it as a spring. Loading right, it's buyers, consolidating the price and the longer the price, consolidates the more confirmation and the more positive positivity you're going to give to buyers to convince them to keep pushing the stock price up. Because if you, if you hike a price up right, you just see immediate price rejection that doesn't instill a lot of confidence, and this is a huge instillment of confidence into buyers and once you break through that trend line, you typically see another shoot up.

Just like we did here and we had another bullish flag, another shoot up and guys if this plays out anything like the last three days have. If we see another bullish flag, i would not be surprised in the least bit to see this continue to run for another day or another two days. This is honestly why i decided to stay in the stock is um. The overall price action was just so clean.

There was no sailing pressure whatsoever. This was this was some of the the most clean movement that i've seen in a stock since we were in jag x guys i mean this is look at this i mean this is more of a macroscopic. You know pattern here, but this is this is very clean price action and we're seeing a lot of the same stuff happening right now in zone, and you know i've been pretty spot on with most of my uh most of my calls. I do.

I feel a little bit bummed that azrx and acst didn't work out as as long-term swings like two three four days, but if you dig it into those stocks in the pre-market like i'd indicated um, they did have potential right. You could have bought in for 70. 80 cents on on azrx and they were at a high in the pre-market of about a buck 60. I believe so.

You could have made 160 swing just about and uh that's pretty solid. I mean zone's doing very well. I haven't looked at check yet this morning, but check is still consolidating they're still in this wedge formation, um acst! You could have made money on this as well and actually they're up a little bit in the pre-market right now. So i've been pretty spot-on with most of my uh, with most of my calls, of course, i don't do this by myself right.

We have everybody here at the youtube community and everybody in the comments section everybody at the discord. We all work together to make this happen, but i'm telling you guys dome looks really good and from what i've read, not just from you guys, but on the internet and the in the discord in the comments um. It's got a lot of promise and i i'm very highly considering holding this as a midterm trade until march, so um. This is kind of how we're looking right.

Now, the the obama is, over the 200 ema, a very bullish indicator. We do have a very nice large gap right here, the larger the gap between these two indicators, the more bullish a stock is currently trading, and that looks very nice and you know i'm going to draw up a level of resistance. I don't know how long this is going to last, but we do currently have resistance sitting about a dollar fifteen and if we push through that, the next logical step to me is about a dollar twenty to twenty five um and uh. If we can hold over a buck guys, this is going to attract some more investors.

I'm telling you right now: that's that's almost a guarantee, like i'm 95 sure so um that looks that looks very, very clean. I'm really excited about the price action on this. I'm really excited about uh the the the promise that they have with that true form of drug. If we change this to a one day, one minute chart just in case you are thinking about day trading, the stock instead of a swing or a midterm hold uh.

We are currently looking at um a support level at previous resistance right around here at a buck. I do imagine we're going to test this at some point today. I feel like that is inevitable that we would not test that dollar, so i'd be watching for a hold over a dollar. If you see a bounce that may be a good time to enter.

If you don't see a bounce, you could short it you're against the green right. That's that's a risky play that might not pan out, but um just be watching for that right, um. So these are kind of the levels we're looking at buck. 15 resistance, a dollar support - 82 cent support 76 support.

I really highly doubt that we're going to touch the 67 cents, but i'll leave these up just in case and i'm going to get rid of this 51 cent just because, historically speaking, when this stock corrects it doesn't seem to correct too harshly. So i wouldn't pay too much attention to this current level. I'm just looking at the rsi indicator. You know if we change it back to the 10-day chart, it looks very, very clean.

So one last thing: i want to point out to you on the two-day chart and change this back to a one-minute frequency, as we did have a crossover on uh, the vama over the 200 ema yesterday, and we did have that exact same confirmation today and we Have another looks like another run about to happen, so i'm really liking the gap. Here we have double confirmation by having a crossover on both the one day chart and the 10 day chart and the one month chart so triple confirmation. This is, this is looking absolutely like: bullish crush territory, so i'm i'm loving everything about zone right now. I hope that you guys were able to take a position in the stock.

I hope that you're absolutely killing it right now, i'm very very excited for what's to come here so um if that uh. That is what i have for the video today. If you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day and uh.

Lastly, i do have an affiliate link in the description box for tubebuddy. Now tubebuddy is an seo optimization website that i personally pay a nine dollar per month membership fee for and it's highly what i attribute growing from zero to almost 6 000 subscribers in just a little over three weeks. So if you're a content creator or looking to become one, i could not highly recommend this enough. It is a great tool to help get your videos into the eyes of your intended audience.

So if you use my affiliate link, i will receive a commission off your purchase and no extra cost to you is a great way to support the channel and, if you're not interested, that's totally fine. I'm just glad to have your support by taking the time to watch my videos, so that is what i have for you guys today. I hope you enjoyed the update and i will see you all next time, my friends, peace.

By Trey

25 thoughts on “Zom hot penny play update $1 ! // zom stock analysis technical analysis”
  1. Avataaar/Circle Created with python_avatars John Mitchell says:

    appreciate it trey i bought 1300 share at .72 and sold 700 so now i have 600 shares and only 100 of my dollars letting it ride lets goo

  2. Avataaar/Circle Created with python_avatars Altan Ak says:

    Hi Trey, what do you think about getting some shares before market close ? does it look like another run for tomorrow? Thanks >)

  3. Avataaar/Circle Created with python_avatars J De B says:

    Still holding 1300 shares @ 57 cents…love your vids man! My kind of style fast and to the point… you derserve more subs.

  4. Avataaar/Circle Created with python_avatars Mind Over Market says:

    A lot of people have been taking about CTRM can you take a look at that one

  5. Avataaar/Circle Created with python_avatars Tim Fisher says:

    Good call brother 225 at .68 out at 1.25 just testing the waters. Looking for bigger position around middle of February.

  6. Avataaar/Circle Created with python_avatars Ellie C says:

    Love it 👏👏👏let’s gooooo🚀🚀🚀
    Thank you Trey🙏🏻

  7. Avataaar/Circle Created with python_avatars Fernando Contreras says:

    I'm a newbie is it recommended to buy at 1.30. Can I still make some gains

  8. Avataaar/Circle Created with python_avatars Tyson Lee says:

    I'd consider checking out theWalrus Street (youtube channel) video on ZOM. It's just another perspective that puts the massive hype aside a bit. Personally sold off today not saying it won't hit 2-3+. Just do your own dd

  9. Avataaar/Circle Created with python_avatars Omar K says:

    Trey, what about the civil unrest/inauguration coming? Also hearing about the dems stimulus bringing down economy. I was thinking to maybe wait to buy into zom bc of a potential drop in the market overall? Or would now still be a good time? I of course will take what you say with a grain of salt and not as personal financial advice.

  10. Avataaar/Circle Created with python_avatars Paul Fabbri says:

    Hey man I've been keeping up with your channel. 1 question; you say you have the VAMA set to 20 day, but your screen says 15. Which is accurate?

  11. Avataaar/Circle Created with python_avatars Britt S says:

    Brand new trader got this as my first investment at .2356 404 shares. Hoping to build my portfolio with this once it grows some more! Thank you Trey for all the advice and teaching. Nothing is more important than teaching someone a new skill!

  12. Avataaar/Circle Created with python_avatars Kaizen Psy says:

    I am out, got in with .48 and out with 1.35, now the next one 😬

  13. Avataaar/Circle Created with python_avatars David Saenz says:

    Wonderful day for $ZOM!

    Took 75% gains! Let the rest ride baby!!! 🍼🍼🍼

  14. Avataaar/Circle Created with python_avatars fedor jackson says:

    Sold off for a 50 percent gain but this stock has a lot of potential, I will be back! I can see 4-5 dollars come March

  15. Avataaar/Circle Created with python_avatars Dylan Trades says:

    Ive been watchig this stock since 50 cents, my account wasnt verifed so i couldnt invest! do you think i can still entry i know it has high hopes for 2 3 dollars

  16. Avataaar/Circle Created with python_avatars Blockchain Empire says:

    Waiting on that pull back then going in strong!

  17. Avataaar/Circle Created with python_avatars Rell Maverick says:

    Product hasn’t even dropped yet I’m excited. Edit: In @ .44

  18. Avataaar/Circle Created with python_avatars Christopher Fernandes says:

    Currently at 1139 shares got in at .60 hopefully this thing will take off !

  19. Avataaar/Circle Created with python_avatars Frederick IV says:

    I just bought in @ 1.40…Is this too high?

  20. Avataaar/Circle Created with python_avatars Jerry Earley says:

    Thanks Trey ! I listen to you and Chris Sain ! Thanks! Your Subsciber on the West Coast

  21. Avataaar/Circle Created with python_avatars Alex Crockett says:

    This sucker is going to the moon! Wooohoooo

  22. Avataaar/Circle Created with python_avatars GerJosh 0402 says:

    Still in my 10K at .24 I’m riding this ZOM till March 🚀🚀 Thank You for this 👍🏼

  23. Avataaar/Circle Created with python_avatars UFO JOSH says:

    I've made 2200 on ZOM..sick..just sick…and it's not over yet..I will be holding this for a while.

  24. Avataaar/Circle Created with python_avatars Meg says:

    Do you think it is too late to start a position?

  25. Avataaar/Circle Created with python_avatars Mike Higgins says:

    First one I’ve followed new to your channel Trey I’ve got 2021 shares @ .66.

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