HCMC Stock BREAKOUT COMING!?! Potential NYSE Listing? Short Ratio Over 450!!! - YouTube

what is going on everyone we are taking a look  at healthier choices management co we are going  

to be looking at what could be happening with our  technical charts and going into this next trading  

week and seeing what we should be expecting  from this micro penny stock but if you have  

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to every single video i put out on this channel  early but let's get right back to our charts so  

healthier choices is a very interesting company as  we saw them consolidating for a period of nearly  

two months and then back on the day of the 16th  we had them gap up and close at a high of 0.0016  

opening next week on the 19th they had a high of  0.002 cents on the company now this high held into  

the next day of 0.002 cents but we gapped down and  it was a very red day for this stock closing at  

point zero zero one four just above the low of  point zero zero one three cents on the company  

and ever since then we have been in this slow  stair step climbing back up now there are a few  

things that i want to draw your attention to on  this chart specifically first is the rsi indicator  

this is a measure of overbought or oversold on  a company and right now you can see whenever  

gapped up to nearly 0.002 cents it was edging near  overbought and now we are slowly trending back up  

that way however if we see more consolidation or  a more slow steady climb back up i would expect  

to see this rsi start to dip back down towards  fair value as this indicator will largely show  

drastic moves and the corrections that can come  from them and if we see steady progress over time  

it tends to average out next just for a reference  point we have our bottom line support level  

this is at point zero zero one cents on the  company and this is where it held at its bottom  

for several weeks back during late march and early  april so we keep an eye on this because this is  

the lowest that we have seen it go recently and  it is very likely that we will not see it get  

beneath this unless some major negative catalysts  come out this trading week looking at this white  

line just beneath that yellow one this is our 200  period long term moving average it had flatlined  

pretty considerably and now we are edging  back up from a period of neutral consolidation  

into general bullishness now this is sitting just  beneath our support level at point zero zero one  

cents so if we can see this continual price  appreciation we are likely to see this finally  

cross over that point and form a higher support  level now very significantly last friday whenever  

we closed at a high of 0.0017 cents we dipped down  touched our 50 period short-term moving average  

and held above it which is very significant  because it established that that short term  

moving average the 50 period is significant now  we see this pattern that is formed here you could  

say that this is a pennant a wedge a flag so many  different names i personally wouldn't call this a  

flag i would go for a wedge or a pennant we are  seeing our top line resistance level at point  

zero zero two one and a little bit lower point  zero zero two zero cents the reason why i go  

with point zero zero two one even though we didn't  touch off of that level yet with our pricing going  

back into early march late february this was the  level of resistance that we could not clear above  

and so this is held with great significance in  the short term we are looking at point zero zero  

two cents but i would go point zero zero zero  one above that just because we have seen it be  

significant and hold previously and we are seeing  our higher lows on the stock so we have drawn the  

point from one two three perfect days that have  created this upwards trajectory for the company  

what we are going to want to see now that our  short term has converged with that line we want  

hcmc to continue to increase above this however  i am not a fan of drastic moves drastic moves see  

drastic corrections and that is the opposite  of what we want to see in this company so  

if we continue to see a slow steady appreciation  and we can eventually crack above that .002  

price point my next target from there  is going to see if we can get above .002  

now why is that you say oh there's no real  support levels there resistance to form that  

traders are very weird and bulk orders go through  at very specific numbers those can be on the five  

or on the even number such as a zero a five so  thirty dollars thirty five dollars and forty  

dollars so in this case it is not a technical  level that i wanna see it get past but a  

fundamental one related to trading psychology  and the companies who are placing bulk orders  

so none of this is financial advice just use this  for education and entertainment purposes continue  

doing your own research on these companies  and come to your own conclusions with them  

now what about a short squeeze people are talking  about that well first of all what about the new  

york stock exchange people have talked about that  what if this gets listed on the new york exchange  

what would happen then well that would have to  take a massive reverse split to get us there  

some uneducated youtubers have been making  statements like if they do a reverse split  

that by default is going to make you a millionaire  no it will not no it absolutely will not you would  

see a drastic reduction in your shares by whatever  division they are doing it by and the pricing of  

your holding would remain the same unfortunately  whenever companies tend to do this many investors  

and traders see this as a bearish signal and will  sell out of their positions causing your newfound  

fewer amount of shares to hold less value so even  if we are listed on the new york stock exchange  

that would take a massive reverse split by the  company there will be a long approval process  

to go through it honestly i would rather if we  were going to be hedging our bets on something be  

looking at the patent case against philip morris  then be counting on a potential new york stock  

exchange listing but are we going to short squeeze  some people are loving to talk about that as well  

well we have two sites pulled up to answer the  question of this one a little less reliable  

especially for otc stocks and that is fintel.io  and we also have otc short report pulled up and  

we are going to start here back on the 23rd last  friday you can see that the percentage of volume  

shorted was at 34.43 of total shares on healthier  choices now the day before we were at 41.07  

so this trend line here honestly there is not  much that is really happening we seem to be having  

a reversion to the mean as far as things are  concerned with this ratio and percentage volume  

shorted staying pretty consistent even when we gap  up and have higher volume short days it tends to  

revert back to where it was how about what fintel  is telling us though what is going on over here  

well first of all this is why we do not rely on  fintel look at how spotty this data is they get  

very limited reporting and sometimes their data  lags behind other sources but they do give us a  

short volume ratio that we can refer back to so  here on the 22nd of april we can see that the  

total short volume ratio was at 491.76 now this is  far from as high as it has ever been but it does  

show that there are quite a few institutions right  now at least back on the 22nd who were interested  

in seeing this stock be shorted because let's be  honest how many of us have 1.9 billion shares that  

we can just hold short on the company i know i  personally do not have anywhere near that kind of  

funding unless maybe some of you are independently  wealthy and then maybe you could be as well let me  

know in the comments if you are independently  wealthy and how did you get there that'd be  

very interesting to learn about but our total  short volume for the company as of the 23rd was  

1.24 billion short shares so are we going to short  squeeze there's potential there is potential here  

for that definitely if the price continues to  rise steadily while we see the short interest  

continue to be consistently high however if  we go back over once again to otc short report  

this this percentage volume on the daily is not  something that is enough to convince me that it  

definitely will this if anything is sending a  message there are large short position holders  

in healthier choices however they have not  been trading recently if the short ratio is  

over 400 clearly there are large scale holders  who are holding short positions on the company  

but that is not reflected in the percentage volume  shorted day to day so potentially these people  

have on a long short position long referring to  the time frame not their directional bias so i  

do not personally see a short report in the coming  days unless of course we wake up and the pricing  

has gapped up on healthier choices on monday  and suddenly that large holder of short shares  

or however many of them there might be will have  to cover their positions to stop the bleeding  

but that is just my personal opinion none  of that is financial advice if you enjoyed  

the video please be sure to leave a like on the  video subscribe to the channel and hey i don't  

ask for it often but please share this video out  to the investor in your life sharing really does  

more than all of those other things put together  and it will make sure that more people can see  

this information and can make informed trading  decisions based off of it thank you everyone so  

much for watching the video a question of the day  to all of you do you think that there is going to  

be a short squeeze on healthier choices or do you  think that youtubers have been clickbaiting titles  

and have been trying to hype up a short squeeze  for so long and it has just simply not happened  

that personally is more of where i align myself  but let me know in the comments section beneath  

the video also a huge shout out and thank  you to all of the patrons who have chosen  

to financially support this channel the corporate  bond holders the preferred shareholders and the  

common share holder thank you everyone so much  for the support you show this channel april has  

been an awesome month let's keep it going thanks  everyone for watching and i'll see you next time