What's up everyone? All right? So in this episode I'm going to walk you through the 400 squeeze on Phvs from earlier this week. So I did a recap. well not really a recap, but I went over the trades yesterday on Am which was the stock that squeezed up uh, one thousand percent 978. Well actually now it did cross over a thousand.

uh it was. This was crazy. Uh, it closed on Thursday at let's see the low on Thursday or the close on Thursday was um 41 cents and it hit a high of 4.54 cents. regular trading hours.

This was wild so you know I went over the price action on this one because I thought this would be a good one. kind of goes down in the record books just as a really Monumental move. So I like to you know document it and do a little recap so people can watch it later in the day go over the price action and someone said hey, can you look at Phvs so I thought all right uh sure and I have some time today. So um so this isn't exactly a recap specifically if my trades more looking at the price action I did bring up my trades on it here so this was from Thursday and I finished up 1600 on the day after fees and commissions and about 1400 on Phvs.

Churn some shares but made a little bit of money which is fine I'm kind of in a grind right now which is why we're looking at my metrics here from uh my broker login and not from uh Trader view because I kind of, you know I was like, you know what? I don't want to get too fixated on looking at my Trader view stuff right now I just want to focus on, you know, trading the charts and sometimes when I get sort of too hyper focused on my metrics I can get a little frustrated obviously I had a fantastic hot streak and it's been cold for me the last. Um I don't know the last month or so, but still profitable. just kind of grinding on really small numbers. So in any case, um, let's let's look at Phvs.

Okay, so Phvs Um so this was on Thursday So I found Phvs on my Gap scanner. so topgap scanner Thursday morning I log in and I see Phvs is squeezing higher so let's see Phvs. um, this one. So we knew that we had a shelf registration on it, which is something.

I Was a little bit concerned about the possibility that we would see a secondary offering, so a little bit of a risk factor there. um I'm trying to remember. let's look at the finances for a second. shares.

Um so number about standing shares. 33 million shares right there. So as it's on the Gap scanner gapping up 60 70, you know, ninja. Initially we see I had this really big move like right at 7am right? So news comes out.

it pops up. but you know this is typical of 7am. The volume was very light. 13 000 shares, it pops up, it drops down and so between 7 A.M and about 8 A.M we're in this period of consolidation I Took my first trade on this at three dollars and 55 cents and that was based on let's see it was it was based on actually and it wasn't this pullback I think it was this pullback right here I was buying off of the a 20 moving average which is this sort of uh cyan color blue line right down here.

So I was buying off of that support uh right there and it curls back up. It was a small winner for me I took my profit, it then comes back down it double bottoms and we had just this sort of period where I was like you know what I don't know about this stock, it feels it feels a little choppy, like it just isn't feeling super clean and so when it curled back up right here and broke through 70 and went only to 388 I just was like man this thing is feeling kind of sluggish so it pulls back again and in this area is below V-wap and then it kind of starts to curl up. So right in this area there was another uh trade, a pullback once it finally pulled away I was like okay, cool I'll buy the first pullback now it's starting to move. This is interesting so we got a little pullback on this candle here and that gave us a move up to about 425.

A little bit of resistance at that level. another period of consolidation breakthrough 425 squeezes up to 430 440. now we're starting to work with some momentum. So I was actively trading through this move up.

my Approach as many of you guys know is buying the first candle to make a new high like on this type of setup here, or breaking buying the break of pivots like right in this area or break through even just High a day for a quick scalp trade. So another pullback a move higher notice one two, three, four topping Tails As we got into this area, so this is where it was starting to feel a little top heavy going into 8 30 and we sell off back down towards volume weight, average price and then you'll see right at the open. Uh, we end up seeing this. there's the open and it's selling off and I'm like, you know what? this is just typical.

It's just choppy, but boy, despite a high volume red candle at the open a couple of them, it ends up squeezing up here pretty nicely. up to a high of five. All right. So you get that squeeze there up to five, but it could not break five dollars.

There was just hard resistance at that level. and you know for those that were watching it on the 10 second chart, it tapped five a couple times I get looked like it wanted to go and then it dropped down. It looks like it wanted to go and then it dropped down. It actually had a high of 501.

it broke and then that was the rejection. and so I think there were some traders that took a short off of that level. The five dollar resistance. Not that it was really based on anything on the daily.

Specifically, there wasn't any clear resistance except for the 200 moving average, but note how it went right to the 200 and then faded off that level. so that was. that was the important level. In any case, it goes up to five, pulls back, goes back below view app and at that point it's 11 A.M I'm like, all right I made my money on it I'm done.

So I walk away. had some things to do I didn't catch that move. so look at that boom straight into a halt going up. So let's look at that on the one minute chart.

it's selling off. It's below view app. so right here it gets back above V-wap and it's a trap. It's above V-wap and then it flushes back below.

V Web That is bearish. That really is bearish. Okay, now we're coming back up here. We're back.

above View app. We're We're like at V web, but this time we're holding above it and then watch that 450 level. That's the high right here of this candle 452. all right.

so we've got 452 and now we start to pull away a little bit up to 460 and up to 480.. so now it's showing you. look at the volume cam, the volume bars. you've got some bigger volume.

Now it's starting to pop up a little bit. it's pulling away from view app and naturally Traders are looking at that pre-market high of five but notice the candle wicks and some big candles here where it's popping up and then dropping back down. so this area is still relatively choppy and then all of a sudden here it slams into a hog going up I didn't see that coming, You know it. just all of a sudden halts up I don't know.

Uh, someone someone took I mean it was. it was hovering. So what I can say that's bullish about it. This is a pattern where you've got your pre-market High which or you're high a day at five which is a natural kind of magnet.

it's sold off and now it's curled up. a held V app is starting to pull away. so stair step up once right here pull back and then the high of that level is 482 and when it broke 482 you can tell there must have been a combination of some heavy buyers looking for the Breakthrough five which is an aggressive trade because I could have easily seen it double topping and then rejecting. but there were enough buyers and then short sellers covering.

I Guess we squeeze into 578 and we hauled up. It opens higher, it hits a high of 671 and then drops in this candle all the way down to 541. a dollar a share in two minutes. Then it comes back up, pulls back, breaks through seven dips down, and then over seven into a second Hall to 8 18.

that is a very bullish pattern right there. This is it. It's almost a cup and handle pattern. So first of all, on the open, this wouldn't have been a good one for a dip and rip because it opened at like 6 50.

it dipped hard, it came back up to 650 and then it made a new low. so you could have taken that trade and even lost on it. Maybe made money if you were really quick, but it wasn't an easy one. Then we come back up.

You could have taken a trade on the long through the new highs which is sometimes where shorts would stop out, but in this market they seem to keep adding. So in any case you get that move higher and then this right there is like a mini handle off of a cup and the break. This now gets you set up so you could be entering right here with a stop below this red candle. Which means you've got to stop at like 6.95 and you're in at 7 or 705.

it ends up squeezing up there all the way. a dollar share to 818 and it was at 12 30 lunch hour I wish I had seen it I wish I wish I could have traded it but I was I was out I already locked up my profit. Now for what it's worth, my goal with Trading I mean trading is appealing to me for a lot of reasons. One is the ability to earn money without having a nine-to-five job a regular boss, but the other there's a lot of jobs where you can earn money on your own time.

You could drive for Uber right? But to make good money, you've got to drive. You gotta drive a lot. So with trading, I've found that I can make pretty good money trading for like two to three hours a day from Seven a.m till about 11 A.M And you know, averaging over the course of the year I can do pretty well. So I I really like the fact that I can get a lot of time back in my day to do other things that I want.

Now sometimes when we have big moves like this I'll feel a little fomo that oh I could have made a lot more money if I had kept trading. but it's a trade-off of Time Versus money and you know you just have to make that decision for yourself. So the Market's open. You could still trade, but some people like to just be grateful for the couple thousand dollars they've made and enjoy the rest of the day.

So anyways, my daily goal is five thousand I was coming up short on it on this particular day and really the big action was a little bit later in the morning. Okay, so Phvs, it squeezes up here. So we look at this. uh, it halts and then it opens and hits a high of what was the high here um, 885 and then sells off pretty hard.

Now we're bare flagging, we pop up, we go lower, and then we start basing out again off our blue 20 moving average and then it starts to pull away a little bit here, starting to stair step back up, and now once again we've got this high as like a mental Target 885 and what ends up happening? This is a false breakout here. It pops up and then it flushes down, it goes up to 853 and then it drops all the way down to 733. I Can guarantee you there are long biased traders who took that trade right there and who lost money on the stock that's up 400 percent. Probably seeing red.

that would make me super frustrated and then look at this son of a gun. it comes back up not five minutes later, it's squeezing through the high. So what do you do do you get back in at the same place? You just stop. You know we're in and then tucked.

Cut the lost the loss I Don't know. Sometimes I will and usually when I do I go with smaller size just because you don't want to back to back losses on the same setup. but in this case it rips, it holds, and then you've got to pull back here. which is a possible entry at about 950.

that sends it up to 10. Micro Pullback halts up just under 12. that marks the high a day. Wow, what a move.

Oh I'm sorry. it came back up a little bit higher so it came back up. Um This was Oh, this was after hours so it ended up closing strong, doing a little bit of an inverted head and shoulders and then coming back up. and I actually I Remember this so that candle there I Mean these are candles where you know in one minute when you have two points of range you can get smoked.

This can be a very risky trade, but you know what? Um I think the easy trades on this were certainly earlier. Uh, in this move when we were still squeezing up. Uh, sometimes I'll put um Macd on my chart which you guys have seen. Um, so we'll put Macd on here.

So I like to focus my trades generally when the Macd is above the signal line, so that's going to be basically from this area to that area. this area I'm not trading it as much. this area we're kind of going sideways, not that interested. So right in here we start to cross back over.

so even if you weren't looking at the chart at all the areas we'd be looking at would be from here to about here. Just based on Macd, the moving averages diverging pulling apart from here to here through this area here right? I Just find that it especially in a bearish market. It helps me get a little bit more kind of clarity of is this really the range I Want to be trading in and you notice a lot of these spikes are when you're kind of in this consolidation range and it looks like it's starting to break out and then it fakes you out. So waiting for it to actually break out and then buying the first pullback following the breakout although you're paying the price of a higher entry right now, feels like it comes with a little bit more confirmation.

So that was Phvs. Now if you thought that was interesting, um you better tune in for my next uh Brief Review which will be on S Mmt and we're going to be looking at the squeeze that this had. This was pretty epic so we got I Mean this was just this was some wild action. This thing was really moving quickly.

so I'll save that for the next episode. I'm gonna record it right now. All right, so make sure you tune in for that. a reminder.

As always, trading is risky. My results aren't typical, so make sure you take it slow and practice in a simulator before you put real money on the line.