Guys, i'm kind of laughing a little bit because at the end of the training day, the guys over the discord said trey's gon na be doing backflips for his videos. Today, if i can do a backflip, i would but i'm not that coordinated. What is up? Everybody welcome to trey's 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 preface by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt, the reason that i started this channel because a couple years back, i was about 30 000 deep, it's a 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 any of the information resources or tools, so you guys here at the community make a couple people better off than they were before. That'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'd like to see more content like this.

Now today we have an update on ticker symbol, z, o m zometica corporation. I do have a position in the stock. This will be completely transparent. I'm sitting at a dollar cost average of 78.2 cents with 4 450 shares, and today was a pretty solid day.

We can't complain with a 10 day guys and what i actually like about this we'll get into that later, but um we're gon na cover this from a macroscopic and microscopic perspective. Look at the one month chart as well as the two day one minute chart. I have three different indicators pulled up: the relative strength index uh, which is just anything over 70s being overbought, anything under 30, oversold, the 200 ema, which is the exponential moving average. This is just a price, action-based trend line over a 200-day period and then the 15-day vomit, which is a volume-adjusted moving average, some brokerage accounts.

You have to use the v-wap or the m-a, it's a little bit different, but it's about the same, and this is just a 15-day trend line based on price action over those 15 days that adjusts accordingly to the overall volume that goes into a stock. So we'll talk about what these all mean level off some support and resistance levels on zone uh. We'll give you a brief rundown of the fundamentals why we saw the run-up today, if you're not familiar with that, where we can see this going in the future. Uh ways to play this off: i'm holding this as a midterm, i'm gon na be holding this until march, but what is running through the whole nine yards so uh, just a brief rundown uh.

First, i'm gon na give a shout out to the guys over the patreon. Thank you guys so much for the support. It really doesn't mean a lot we're about 320 members strong right now, uh they will have access to the my real-time insight, as well as the private discord and there's a lot of gold in here guys we've got spac plays short-term plays midterm plays long-term, plays investing Assistance uh chatting questions and it's a beautiful community. We work together to make these plays happen.

So if you're interested, there is a link to the patreon down in the description below so just a quick rundown of what zometica is, if you're not familiar, 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. The company was founded by gerald l, silinski jr on january 7th 2013 and is headquartered in ann arbor michigan, and the reason that we saw this jump - and i addressed this in a previous video - was because the ceo wrote a letter to the shareholders as of 2.

50 p.m: eastern standard time, uh, the veterinary health company stock price is up 12 and he basically was just saying hey. We have 90 million dollars in cash on our balance sheet, and this is gon na be enough to continue operating costs through 2023. And this to me is absolutely huge because a that means they should never need to do a direct offering and if they do that's just going to add to their position in the company the growth and uh and b. This is going to give confirmation to buyers right so, as our sentiment improves, you're less likely to see overall volatility going to the stock you're more likely to see investors come in right because we're looking at the balance sheets, people see that they have money.

They see that it can continue operations for at least two years right. This is going to be absolutely huge for zone, and i'm very excited about that. So we're just going to take a look here at the one month chart look at the price action uh the rsi indicator. We were pretty overbought during the pre-market and i'm assuming.

That is because of the anticipation of the letter to shareholders but uh. We ended the day about neutral right. We did have a little bit of a bleed into the regular market hours, but that's not the end of the world. We still ended up 10 right and this should set us up well for the coming days.

Just looking at this right off the top of my head, this is a little bit of a consolidation of price action. We did have a peak up at almost a dollar and 40 cents and then, if you draw the line down, this is a compressing, a price action. We have had a pretty solid level of support, sitting right around that dollar and five cent range and uh. If this continues to play out into the pre-market tomorrow, we could see a little bit of a squeeze where buyers are gon na, say, okay, you know, i feel pretty good about this level of support.

I don't think that this is gon na drop anymore. I'll add to my position here, and that is only good for the bulls: consolidation slightly favors bulls, it's not neutral. In my eyes it is slightly favoring, bullish, territory and the longer this consolidates the more it is likely to continue to grow. We have seen a nice stair stepping the last three days on this stock, currently holding up very well over a previous level of resistance.

Now, an acting level of support, i'm curious on what the retracement will look like, so i'm gon na drop a fibonacci from the base before this huge run up and just take a look at the retracement here, and this is super easy to do. You just go in your brokerage account and you click on a fibonacci and you put the the bottom of it at the base of the run up right here. That was flat and the top of it at the peak of the run up, and you can see right now that we are holding almost perfectly at this dollar seven retracement, which is 38 percent. So i think this is gon na be a pretty crucial level.

I think we're gon na end up pulling that very well. If you're looking to add a position to the stock, i think you can catch it anywhere between a dollar and a dollar and ten cents, and you know a couple months from now: you're gon na have probably two three four extra money to me. This is gon na, be another grand slam play that we hit here at trey's trades. We hit really well on jag x.

We hit it really well on uh bngo we're gon na hit it extremely well on uh on uh shoot. I can't remember the ticker off the top of my head, but we hit just today: inuv we're gon na hit on iuv uh, and this is gon na, be another one, we're adding to the list the zom and to me it is completely worth it to hold This for a couple months until the end of march, when we do expect that commercialization of their true forma system, which is going to help regulate the thyroid of dogs and cats as well as one of the glands. I can't remember the name off the top of my head, but it's a gland that they help regulate on in the animals. So i have a lot of high hopes for zone.

I love that they have enough cash to operate through 2023 and the price action is extremely clean. We're holding up on that retracement line very very well. We have been stair stepping every single day. We really haven't had that many red days and the corrections have been followed up by corrections back up, so that is a very healthy chart.

The volume is actually down a little bit today, uh, and even though we saw this large gap up in the pre-market. So that leads me to believe that we really shouldn't see much correction from this, because there wasn't a lot of buying presents. So i feel good about zone. I like how the chart looks and let's just change over the two day.

One minute chart really quick look for some extra confirmations, i'm assuming i'm assuming yep and sure as uh sure as it gets. We did have the crossover on the 15 vomit underneath the 200 ema, and this is typically a bearish indicator, and i expected this because we did bleed throughout the day. This looks like a barcode, but uh. We just saw that in the day 10 right, we had this large gap up in the in the pre-market, large gap between these lines, and then it did close as we began to bleed throughout the rest of the day.

Uh we closed at a dollar eight and we are currently trading at a dollar nine, so just a hair above neutral. I i don't think we're gon na see much of a correction tomorrow. I think maybe it trades a little sideways. Maybe you get back two three.

Four percent, but i think it's going to be here to stay over a dollar now and i feel very good about the price action here and, as i pointed out on the charts uh, this is a tightening of price action. If we extend this trend line here, you can see that we're holding up extremely well. There was three different test points on this level of support. Almost four touch points and uh, as this continues to tighten this it's going to continue to favor buyers so very, very great day on the stock.

I'm loving the price action here. The volume wasn't even crazy if we get back to some of these previous levels of volume that we've seen here right, like this huge bump, this huge bump um. This is a lot of red volume, so i'm not going to count that day. Something like this right.

This is just going to continue to shoot the stock price up, and that is awesome right. It presents opportunities for swing traders, so if you're a swing trader you're looking to get into this, maybe aim for that dollar. It's a dollar five range ride it up to a level of support like a dollar, twenty five or a dollar. Thirty, five, a dollar, forty, take your profits.

Rinse and repeat, i think you're gon na do that five, six seven times leading into march uh. If you are a midterm investor, just like i'm going to be for this - we're not looking at the other world here with this kind of volume right, it's going to decrease the amount of volatility right, so you're not going to have to sit and hold your stomach As it as the stock bleeds 20 in one day, because the volume is consistent, we've reached a level now where the volume is going to remain where it is, and then, if we do have these little bumps like we saw here it, we know what the baseline Is right we're going to be able to depend on that and we're going to be able to look at the rsi indicator and say hey whatever this is overbought, it usually corrects to neutral or just below neutral. So this is a great investor stock. I think a lot of people are still holding this.

We have a lot of green volume here, a lot of green volume, not a lot of red volume. To back that up, so i love zone. I really do highly recommend getting a position in the stock. I do think this is gon na, be our next grand slam play.

I do not think it's too late to get into this. I see this being a four or five dollar stock at the end of march, so if you're getting at a dollar you're still looking at four or five x in your money guys. So that is what i have for the update on ticker symbol, z-o-m man. It was such a good day today.

These days are rare, but i tell you what it was really really fun to be a part of the discord and to watch the portfolio 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 have 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, membership for and it's highly retrieved growing from zero to over 9 000 subscribers in just over a month.

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. And if you do use my link i'll receive a commission off your purchase at no extra cost to you. So it's a great way to support the channel and, if you're not interested, that's totally fine. I just appreciate your support by taking the time to watch my videos, so that's what i have for you guys today.

Thank you for watching my friends and i'll see you all next time. Peace.