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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
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What is up everybody? I hope you guys all enjoyed your weekend. I had a great time with my friend uh had some nice whiskey on the rocks. I tried out some bird dog. It's uh, it's not bad.

It's a blueberry, flavored um whiskey. I enjoy it. Quite a bit but anyways welcome to trades trades. We get technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these.

Given stocks. I'd like to preface by saying that i am 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 pretty bad 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 in the Market and i'm happy to say that i am not only doing well, i'm financially free at the age of 23, but i'm doing pretty well for myself as well. So can't complain at all.

If i can pass along the information, resources or tools that are given to me, make the community a little bit better off than it was before. That's all i can ask for. Lastly, if you would not mind drop 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. As i do post videos every day and i will be giving a sunday uh penny play, playlist say that three times the triple p baby uh every single sunday.

So if you, if you'd like to join the journey on that, make sure that you keep uh keep a watch on so quick shout out to the guys over the patreon. We are 94 members strong. Now we are dying: terrick angie, jeff, ianton, zhao, makisu, desmond kd. Sorry, if i said your names wrong, i really do apologize.

I try my best um. They will have uh access to the private discord, as well as real-time insight to my personal trading and a lot of the plays that uh that i come here with and present to. You guys are brought up to me at the patreon. So there's a great tool.

There's a link in the description box down below if you're interested now one of the other uh penny plays, that we're going to be covering today is ticker symbol, z-o-m zone, so medica corporation. I just got done covering az azx. What was the ticker on that dude to do on my watch list azrx as well as acst and zome is another third penny play to keep on your watch list and we're gon na cover a couple different things here. So we're gon na look at this from a macroscopic, a microscopic perspective.

I'll show you the one month chart as well as the the two day. One minute chart we're gon na. Take a look at the overall volume trend. The rsi indicator, the relative strength index.

Anything over 70 is overbought. Anything 130 is oversold. We're gon na take a look at the 200 uh ema exponential moving average, which is an average valuation cost trend line over 200 day moving period, as well as a 20 day vomit. The volume adjusted moving average, which is a 20 day average trend line that takes into consideration overall volume and adjust the trend line accordingly.

Uh, we're also going to take a look at some different technical setups that we're seeing currently on the stock uh, and you know, potential entry and exit points based on current support and resistance levels. So if you're not familiar with what zone is, they are a uh developmental stage company? They created products for companion animals by focusing on the unmet needs of clinical veterinarians. It plans to offer novel diagnostics and therapeutics that focus on patient health and practice, health and man. The the medical scene, the biopharma sector, is so freaking hot right now, that's where all the money is going and we're definitely riding that with all of our penny plays, you will notice a trend that every penny play i present to you today is in that biopharma Sector and zome is no exception.

They do have a pretty decent following on stock, so it's about 53 000 people. So you know a downside with this stock is, we are not quite beating the hype. There has been a run-up. There is a lot of talk about the stock, so you are not necessarily chasing, but you are missing out on some margins that you could have had earlier now.

I did cover this stock um recently it would have been. You know three four five days ago or so, and i said to you guys guys uh pay attention to the stock. It has potential. It was a subscriber requested, video um.

So you know, thank you very much to the subscriber that i brought up to my attention, but we have extra confirmation. As chris sane did say, he was bullish on this stock and does consider this one of his weekly penny stock um stocks to pay attention to. So um that is huge and why that is huge is because youtubers and influencers can affect the market and a great uh instance of this. If we pull up youtube right now, i don't know if you guys watch my uh, my apxt video, but there is a finance youtuber named richard allen and he put out a video saying: hey guys, there's this news article that came out on ap xt.

This is a huge buy. We should see a spike uh overall in in the price action et cetera, et cetera, and then, if we pull up um, you know fidelity right now. Take a look at the charts, apxt yeah, and we look here you can see in the pre-mark or the after hours as i was that we saw a spike in volume, and this guy has a 30 000 um. You know following uh subscriber you know number on his on his name, so he's got 30 000 subscribers and that's really not that much right compared to some other huge youtubers and the spike in your price action here is very indicative of the power of youtubers.

So chris saying even mentioning the name of zome could do some crazy things to the stock. Of course, i'm not i'm not saying that we're doing that here. You know it trades trades right um, that's not that's, not what i'm intending at all, but that is something to pay attention to right, because it is going to bring in new people to buy the stock. It is going to gain some traction, some hype, and that is something to take into consideration when we're weighing the overall, you know catalyst upcoming that could push the stock price up is he holds a lot of value and a lot of people listen to what he Has to say so do keep that in the back of your mind.

One thing that i don't particularly like about uh zone is the news catalyst that are available on the internet. You know if we do a quick google search on zone stock news. The most recent is two days ago and uh before that. We're looking at six days four days six days, so there's not really any upcoming news catalyst that i can see right and when we're chasing uh not chasing when we're getting into it.

Penny stock play we're. Looking for a couple, different confirmations right, we're looking for confirmation on the technical analysis, side of things, we're looking for upcoming news catalysts and we're looking to beat the hype and find a perfect entry point right and we have most of those requirements met. But what i'm? Not particularly liking is, i haven't, found any recent upcoming catalysts regarding news regarding public relations, any sort of financials. You know, there's not much coming out on zone right, so this swing trade.

You know we're missing one category on saying hey: this is a perfect. You know hit the ball out of the park. Penny play stock for the week um, so just keep that in the back of your mind, you know i will leave a link to this article that was published on january 8th, which was friday of last week um. But it's just running you through why zometica stock soared and uh.

You know it has something to do with. You know furthering the veterinarian. Uh health companies sharp gains since november. They talk about.

You know different things that they're doing within the company um they're talking about on november 13th, so medica announced it would begin selling its promising true form of point of care, diagnostic platform and november 13th was a while ago guys. So i really think this is already you know factored into the overall price action that we're seeing on the stock, so just keep that in the back of your mind, that is one thing that i don't particularly like we're missing a news catalyst. However, the technical setup on the stock does look very very nice. We have a couple different confirmations, we're seeing a little bump in volume here on zone, just like we did on jagx when that stock hit off.

If we go back here, i brought this to you guys attention when it was about 80 cents right. We see this crossover on the on the ema and the vama. We see this little bump in volume. I got us into this.

Some people were up 250. 300. 400 on this stock and uh, this was a huge indicator. So if you follow this channel for a while, you know that i pay very close attention to the overall volume action that is happening on a stock and we're seeing that same thing happening again with zom right.

We saw this little bump before it ran up here and then a huge spike, a huge run up where you could have you know, swung this trade and made an absolutely filthy margin and we're seeing that same thing happen again right. So a nice little looking bump in volume, maybe two or three times the usual volume, which is just enough to spike a little volatility, get some traction, get some attention, bring some new investors and traders into the equation, and that's looking really nice. We are currently in an ascending wedge, which is a great bullish formation if we can break through this overall trend line, that is going to drive some pretty crazy volatility, and it does look like we are approaching that very steadily. So keep that in the back of your mind, that maybe you want something you watch for, if you do have a brokerage account that you can pull up a chart on just drop a trend line from the highest point on uh january 5th and connect it to The current price point on the last trading day and you will see this overall trend line and if we extend this, you should see exactly where you're looking for this to meet right.

So push this back down to where we were looking connected come on mouse there. We go connected here connected here, you're looking somewhere around here right, that's we're going to be looking for on the ascending wedge formation that we're having right now we do have the crossover on the 200 ema and the vama, which is great the more that this uh Voma is above the 200 ema, the more of a gap that we see on the on the charts, the more bullish a stock is, and we are currently gapping up even more in the last trading day, which is absolutely beautiful to see. We are approaching overbought territory and, historically speaking, you know we kind of have a mixed bag here so um. You know we have seen 44 before 47..

We have dipped down to 30 and oversold territory coming off of an overbought. You know run, but typically we're looking at the the low to mid 40s, so the corrections haven't been too harsh. You can see after this previous run up. We did correct a little bit.

You know the overall high was about 58 cents. We corrected all the way down to you know we ever i'd say we consolidated very well in that 40 cent range, so you gave back about. You know uh 50 of the overall gains there. So that's something to keep in the back of your mind when you're weighing whether to get into this stock or not.

We do currently have support and resistance levels right here. We have 35 cents as a nice level of support uh. We see this action right here. Previous level of resistance, great confirmation, another level of support at 40 cents, so a couple good candlesticks touching here previous level of resistance.

That is awesome. We're seeing a lot of you know, price action in that zone and then currently, the last level of uh support that i'm looking at is right around here at about 48 and a half cents, and we are currently trading just above that so um. The overall lying uh resistance level we're gon na be looking at. Is this overall high? You know sitting at 59 cents so just be watching for that uh.

If we do push through 59 cents, the next level that i'd be watching for is probably about 75, as traders do like to keep things as simple as they possibly can, and that is going to be a very nice even round number we're all very like-minded people. So it's looking very solid i'd watch for a potential entry point. You know if we do come back down to this 40 cent range. That would be a very solid uh place to start.

I think you're gon na see a pretty solid return on your investment. However, if you do not see a pullback, just keep in mind that if you do chase the stock, there is more risk involved right. We are trading quite a bit above where we were a month ago. So if this does correct, you know we're first gon na be looking at this 40 resistance, but then you know back down.

If we push through that that support level you know 23 cents is you know where we see a lot of price action, so just make sure that you weigh the overall risk that you want to take in the stock. It does seem to be trending upward. We do have very nice bullish movement. The overall trend in the last month is bullish.

Things are looking very promising for zome at this given moment so um, it's looking really nice. I like this. This is uh. This is probably my.

My third favorite penny stock play. Chris saint is bullish on this and, as we can see by richard allen, youtubers do influence price action in the market, so that is something to keep in the back of your mind. Um, if you get up, you know 10. 20.

30. 40. 50 in this stock. Make sure that you lock in profits, especially since i don't see any upcoming news catalyst that people are going to be anticipating and buying hype in on and you're, not seeing the fomo here um, you know the the predictability of the price action on the stock is Not as high as as you know, something like azrx, where we know we have an upcoming news, catalyst or acst, where we know that we have that news.

Catalyst right so just be very careful on getting into the stock. If you do decide to do so, i am personally going to be keeping a watch list on this. My game plan uh, is to sell out of both pte and jagx on monday. You know i did get into these for pretty solid margins of return about 250 percent of jagex up so far 28 in pte.

I do anticipate this hitting around two dollars plus and i'm being very conservative. I've seen some guys say anywhere. You know around 275 to three dollars, but i will be selling out of these monday morning and i will give an uh a video update on when i do, sell and uh and and such, but just make sure that you're locking in profits on those stocks - and I will be taking that dry powder to either zone uh, azrx or acst, and i have one other penny stock that i'm gon na be covering later today, that i want you guys to keep on your radar so make sure that you watch for that in the Next video, so if you look here at the one day, one minute chart uh, we do currently have you know, support and resistance levels right here at 40 cents. Another level of support sitting right here at 43 and a half cents followed by uh the last level of support sitting right around 46 cents, overlying theme of resistance.

We are trading just below uh, currently at 49., we're just gon na call that 50 cents, so pretty tight price action happening right now and i am noticing a little bit of a wedge formation happening here. So we will drop that overall trend line. We are trending very nicely just draw these up really quick, and this falls into line very well with the the wedge that we saw on the one month chart. That's these blue lines right here is that wedge that we saw on the one month chart.

So that is double confirmation that we are tightening up on price action. There is a high amount of buying pressure and i do anticipate that this stock does run up, so that is currently what we have on ticker symbol's eom zone medica corporation. If you enjoyed the video, please drop a like if it does help support the channel. Consider subscribing if you like, to see more content like this, as i do post videos every single day and i will be giving a hot penny play.

Uh playlist uh video every single sunday, so if you'd like to keep up with that, uh just make sure that you're watching for the the triple p, as i will be doing so. Lastly, i have an affiliate link in the description box down below for tubebuddy. Now tubebuddy has an seo optimization website that i personally pay a nine dollar per month membership fee for, and it is highly what i attribute growing from zero to 4 500 subscribers in three weeks too. So if you're a content creator or looking to become one, it is a great tool to help get your videos into the eyes of your intended audience.

So if you use my link i'll receive a commission at no extra cost to you, there's 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 today. Thank you for watching my friends and i will see you all next time.

Peace.

By Trey

23 thoughts on “Zom our next hot penny stock play! // chris sain bullish zom! technical analysis”
  1. Avataaar/Circle Created with python_avatars AMC CRACK DEALER says:

    CAN YOU GIVE THIS SOME LOVE AGAIN

  2. Avataaar/Circle Created with python_avatars YEA says:

    This is a MILLIONAIRE MAKER stock

  3. Avataaar/Circle Created with python_avatars Eddie Mata says:

    Told my sis and she only got 6 bucks worth of she makes 12 at least she made her money back

  4. Avataaar/Circle Created with python_avatars Jai Kishan says:

    Can you kindly let us know whats the price point we can get in and price prediction this will be.

  5. Avataaar/Circle Created with python_avatars Matthew Kay says:

    Feels like chasing on this one. It's a doggy stock. We have no news. Just YouTube hype. I will take a small position. But feels like a chase.

  6. Avataaar/Circle Created with python_avatars Matthew Kay says:

    APXT is gonna take off once the merger date comes in

  7. Avataaar/Circle Created with python_avatars Abdul Raheem Nadeem says:

    Can u talk about TAUG

  8. Avataaar/Circle Created with python_avatars Nick Alderson says:

    Trey, they have a catalyst coming up in March

  9. Avataaar/Circle Created with python_avatars Bones says:

    Love your insight, I would love to learn to read charts like you bud. Good job and keep it up.

  10. Avataaar/Circle Created with python_avatars Doug Ro says:

    Bird Dog whiskey….I will give it a try. Had some Evan Williams last night. ZOM sounds like a $2 stock by March. Love that this will help Veterinarians treat dogs. ๐Ÿถ๐Ÿพโ™ฅ๏ธ

  11. Avataaar/Circle Created with python_avatars 1 M1LL1ON5 says:

    ZOM ๐Ÿš€๐Ÿš€๐Ÿš€ DONT SLEEP

  12. Avataaar/Circle Created with python_avatars J Wills says:

    They state on their website they are going to market on their first product in March.

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

    Put PTE on your radar monday. Big presentation coming

  14. Avataaar/Circle Created with python_avatars BACK YARD BOOGIE says:

    In 21000 at .47

  15. Avataaar/Circle Created with python_avatars Iron Brujo says:

    Tip: for news about $ZOM : watch 'Jonny Love' you tuber channel

  16. Avataaar/Circle Created with python_avatars Mohamed Sadiq says:

    thx for ur video, But which platform can I buy this stock, because etore still hasn't it

  17. Avataaar/Circle Created with python_avatars Jason Wilhelm says:

    More hype with this stock than any other stock right now. A lot of traction. Will be interesting. Glad I got my shares last week at this point. Was hoping to get more.

  18. Avataaar/Circle Created with python_avatars Investors Channel says:

    News is coming. Press conference this week. Price action is due to anticipation

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

    What's up bro! I have 5k shares on ZOM @.39…Lot's of money to be made here…I am holding this one for the next year+…Hey, pay attention to the political spectrum! Put stocks on a stop loss bro..Things could get crazy as to what I've been reading and watching. I hope not, but it could. Also, Richard Allan called MARA and RIOT before they took off..Oh wow..I just seen why you like AZRX! I'm getting out of JAGX tomorrow too.

  20. Avataaar/Circle Created with python_avatars Lowkey The Great says:

    Subscribers are joining rapidly , not surprised tho , thanks bro

  21. Avataaar/Circle Created with python_avatars Edison Aquino says:

    Trey whatโ€™s the entry price range for ZOM? Keep up the great work brother! We appreciate you!

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

    They are going to release their product โ€žTrueformaโ€œ in march, so think the hype is going to come a bit later. I am already invested with 1k shares. They already messed up the release in the past so quite some risk involved to lose the money

  23. Avataaar/Circle Created with python_avatars Patty Randhawa says:

    ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ just finished watching Chris and I bump into yours next ! Loving this game ๐Ÿ˜Š๐Ÿ™

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