u/river_miles

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Bless Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Bless Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the books, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

I just finished a chart dive into $BTBD and I’m posting my analysis because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

Finally finished a chart dive into $BTBD and I’m posting my update because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

Finally finished a chart dive into $BTBD and I’m posting my update because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

Finally finished a chart dive into $BTBD and I’m posting my update because I believe there could be solid play here.

It’s a tiny-cap with a ~3M float that just made a solid run about a week ago, faded, and appears to be setting up for another attempt. This follow-on setup is occurring with the backdrop of a merger in progress facilitating a major pivot into the drone space. Charts are my thing, but I’ll provide a few more broad strokes here to highlight company information that’s relevant to the play setting up right now.

TL;DR
No more TL;DR’s. If you can’t take the time to understand a setup in it’s full context you have no business trading it, especially if it’s a penny!

Background
$BTBD is a small Nasdaq company undergoing a major pivot into drone technology through its upcoming merger with Aero Velocity, an AI-powered UAV services company. The merger will be a major pivot for the company into the drone space. If a news catalyst is behind the restless price action it’s been showing it would seem most likely to be pending merger news, but, theoretically, it could be related to other things such as closing new partnerships or possible new government contracts.
Market cap: ~$7–9M / OS: ~6.1M / Public float: ~3.1M / Annual revenue: ~$14M

Additionally, they just filed 4Q and FY 2025 results, and this could also be behind the lift, at least to some degree. Content-wise, I’ll say the ER was genuinely good. It says at the legacy business level EBITDA rose 138% to $1.7 million, operating loss improved about 80% to $(364,585) from $(1.8) million, net loss narrowed to $(687,839) from $(2.3) million, and the company ended the year with about $4.4 million in cash and marketable securities. When I trade penny stocks, fundamentals are not a big part of my vetting process, and I was a little surprised to see these numbers.

There is also some positive merger language in the filing. It reiterates some things like the deal is expected to reposition the company into an AI/drone inspection platform and that the post-merger company is expected to operate as Aero Velocity and remain on Nasdaq. They also say the merger continues to advance. That’s constructive, keeps the thesis alive and active, but it’s still “progress” language, not “completion” language, which is what we expect will give it the kind of move we look for as penny traders. The kind of headline we are looking for is a “vote approved,” “effective date set,” “deal closed.” What we got is "supportive," not "decisive."

But it does show improving core operations, a little strengthening of the balance sheet, and reassures shareholders that the merger is top-of-mind and it’s moving forward.

That should give you a solid background for what’s percolating behind the price action and give you some direction what to search for in your own DD. Now let’s look at the charts.

Chart Overview
I always attach charts on subs that allow.
To follow this you’ll need to look at 1 year daily, 60 day-hourly, 20 day / 15 min, 10 day / 5 min, and 1 day / 1 min. Indicators include EMA's for 9, 20, 50, 200 periods, VWAP, Volume Distribution, and anchored VWAP (for significant spikes or events, high or low). Then below the chart are: MACD, Volume Average, Relative Volume, ATR, and RSI.

Overall, I would say the setup we closed out with on Thursday looks better than it did on the first pass a week ago, not because it’s a sudden slam-dunk this time, but because the chart has had time to prove that the first move was not just a one-candle wonder.

The last run on 3/25, the price pushed through key levels, held ~$1.60, then tested $2.00 the next morning. The preliminary read looked like a real base breakout and it did, in fact, clear $2.00 and push into the $2.30’s. It faded some into open, showed signs of weakening for a while, then began to surrender levels, ultimately settling in the $1.50’s and holding there, still significantly above the $1.30’s where the uptrend originally started. So, to restate what I think is significant here, it pulled back, then based at a meaningfully higher level than where the original move started.

That is why this second attempt is more interesting to me. On the 10D/5m, 20D/15m, and 60D/1h, it now looks like a base-on-base setup. The first run marked the ticker as active, the fade turned into panic, and the current push is coming out of a higher low / higher value area. That is usually healthier and more reliable than a stock trying to launch straight from the floor.

Technically, there is a clean bullish case here that any technical trader should be able to see. Price is back above the full EMA stack on the relevant frames again, but now the structure is tighter and more mature. On the daily, price is above the 9/20/50/200, MACD is positive and improving, and the stock is no longer merely repairing. It’s trending, and Thursday’s trend was self-evidently better constructed than the more volatile one we saw on 3/25.  On the hourly, the recent action shows stronger stair-stepping than the earlier attempt, with the 9/20/50 all rising under price. On the 15m and 5m, it’s showing better pullback support and a cleaner reclaim of prior resistance.

The 1-minute chart also supports the idea that this latest push was stronger than the first attempt. Instead of a series of choppy spikes, Thursday behaved more like a real trend day with persistent higher lows, price living above VWAP, and late-session strength holding close to the highs. Generally speaking, it’s just better quality action.

Zooming out, the bird’s eye take is the first move created a reference high around the low-$2.30s, the fade did not destroy the chart, and the new move is now pressing back into that same supply zone from a stronger platform. We usually see when nano-floats fail, the second attempt starts from obvious weakness. Here, the opposite happened. The stock held up, rebuilt, and is now leaning back into resistance. This gives the overall setup a better technical structure, which is essentially what I care about, but you can’t completely separate the charts from the fact they just posted positive financial results and the market knows major catalysts could drop anytime.

Bullish and Bearish Summaries:
Bullish: $BTBD’s first breakout attempt doesn’t read like it was invalidated so much as interrupted. It pushed, failed, and reset, but the reset held at a much higher level, built a new base, and now price is pushing back toward the prior highs with stronger multi-timeframe alignment. It looks like it’s setting up for a higher push. In theory it could be rejected again at $2.32. I would take either and call it a win.

Bearish: If I saw a lot of bearish tells in the chart I wouldn’t be posting about it, so I will offer my bearish perspective that is true of all pennies. No matter how positive the TA and DD are this is still a penny. 60% of penny stocks are near zero value within 3 years. No stock trades come with guarantees, especially pennies. Penny setups have a short shelf-life, so check the timestamp on every post, and don’t jump into a trade because a 5 day old reddit post sounded good. Don’t trade pennies if you don’t know how. Never hold for the moon, take profits and scale. If it actually moons, how many shares do you really need? No matter how confident you are in a penny trade, never passively trade pennies. These are my personal rules. NFA.

If you are interested, I have updated my levels for this play. This is how I see them but always do your own technicals. Remember also these levels are always more like areas than exact numbers.

Immediate resistance: roughly $2.25, then the prior pivot around $2.32. That is the obvious near-term gate. A clean reclaim there would be huge.

First support: around $2.10. That is the first area I would want to see hold on any pullback, since that is where the short intraday trend structure is hanging.

More important support: around $2.01, then roughly $1.90. Losing the low $1.90’s would call for serious reconsideration. Remember when I talk about breaking resistance or losing support I’m talking about three consecutive candles with volume, not a tail popping above or below a line on my chart.

Line in the sand: the broader $1.58 area. Period.

Make your own plan and stick to it. I would like to see this hold above $2.00 on pullbacks and then decisively clear $2.32. If that happens, the chart starts to look like a real continuation breakout. If it starts slipping back toward the high-$1s, then I will start reducing my exposure. Again, this is MY plan. Feel free to take what works for you, but you should make your own plan based on your particular circumstances.
GLTA and G*d Save Retail.

About a week ago I posted about this merger play based on some unusual price action and a review of the charts. We saw a subsequent run from ~$1.85 at the time of the post to a high of $2.32 the next morning followed by some fade to settle into a new base in the $1.50's, holding about 30% higher than the $1.30 bottom a few days before.

Attached is a quick snapshot showing several days of higher highs and higher lows. I added some ~$2.05. We had a nice run but the overarching merger thesis is still very much in play. This setup looks healthier and more deliberate than last time, a nice, strong uptrend. It looks like a run for a new high is setting up and I think even a failed attempt will still make the $2.30's.

I have to take another close look at the charts and see what needs updating but here's a quick recap of what's happening as the backdrop for this price action:

$BTBD is a small cap currently pivoting to drone tech. They are expecting news regarding a merger with Aero Velocity, a company that provides AI-powered UAV services. The merged company will focus on AI Drones and Service Drones.

The market cap is somewhere between $7M and $9M and the public float is a little over 3M.

The merger looks like good terms. The merged company will keep the Aero Velocity brand so there could be a ticker-change catalyst in the future.

A merger update is expected anytime. Additional pending catalysts include any of several infrastructure or government contracts, and potential headlines regarding expansion benchmarks.

So what's going on right now is we have a low-float getting progressively jiggier in a hot sector that that is painting a beautiful uptrend on the chart for the last several days. I'm thinking this is maybe the stage-2 of what's going to be a much larger move but it seems pretty certain it's in the process of another go at a new high.

I'll follow this up after I nosedive the charts for a bit but check it out and if you see the setup put it on watch.

About a week ago I posted about this merger play based on some unusual price action and a review of the charts. We saw a subsequent run from ~$1.85 at the time of the post to a high of $2.32 the next morning followed by some fade to settle into a new base in the $1.50's, holding about 30% higher than the $1.30 bottom a few days before.

Attached is a quick snapshot showing several days of higher highs and higher lows. I added some ~$2.05. We had a nice run but the overarching merger thesis is still very much in play. This setup looks healthier and more deliberate than last time, a nice, strong uptrend. It looks like a run for a new high is setting up and I think even a failed attempt will still make the $2.30's.

I have to take another close look at the charts and see what needs updating but here's a quick recap of what's happening as the backdrop for this price action:

$BTBD is a small cap currently pivoting to drone tech. They are expecting news regarding a merger with Aero Velocity, a company that provides AI-powered UAV services. The merged company will focus on AI Drones and Service Drones.

The market cap is somewhere between $7M and $9M and the public float is a little over 3M.

The merger looks like good terms. The merged company will keep the Aero Velocity brand so there could be a ticker-change catalyst in the future.

A merger update is expected anytime. Additional pending catalysts include any of several infrastructure or government contracts, and potential headlines regarding expansion benchmarks.

So what's going on right now is we have a low-float getting progressively jiggier in a hot sector that that is painting a beautiful uptrend on the chart for the last several days. I'm thinking this is maybe the stage-2 of what's going to be a much larger move but it seems pretty certain it's in the process of another go at a new high.

I'll follow this up after I nosedive the charts for a bit but check it out and if you see the setup put it on watch.

Finally able to finish chart analysis for this.

Here’s a quick review of AH:

It mirrored the levels I drew almost 100%.

It blew through the $1.95 level. Now that’s key support.

It steadily pushed through the 2.18 area and the 2.30–2.36 supply zone. That was the first real “prove it” zone on the chart IMO. This move did not stall there. It accepted above it. That’s significant.

It printed a new high around 2.49 and held  2.40s. That’s what you look for in penny moves, expansion and hold. It signals strength rather than a likely round-trip. You want to see Base, Breakout… Base, Breakout… Base, Breakout. It’s a beautiful structure and exactly what we see here.

Leading into last nights close, you see strong MACD, elevated but not absurd RSI, and price was riding the averages instead of falling back through support levels.

In spite of the high levels already reached, we finished the day with a strong setup for a squeeze. AH started with a credible bullish setup, and it ended with strong evidence of a squeeze in process.

This DOES NOT translate to guaranteed moon, no risk. It just means the objective read is a squeeze is happening and could follow through. So we look to the charts to suss out the best-guess probabilities.

This morning reads like consolidation. It’s holding a shelf after pushing a high of $2.66 early on. It didn’t cascade back through the whole move. It’s been spending the morning building acceptance around $2.28-$2.33.

Momentum has cooled some without breakdown. This is constructive because it shows the market accepts it up here and it’s given RSI a chance to cool. 1M MACD has flattened a bit. I read this as pausing to take a breath before digging in for the next mile.

Expansion, Spike High, Pullback, Digestion is what we’re looking at. What we want to see now is a reclaim of the $2.40’s. If it does that the reclaim of $2.59 & $2.66 will be easier.

I think if that happens, it will pick up the momentum it needs to squeeze through the $2.99 to $3.25 zone.

Gotta go I see it’s curling! GLTA!

Finally able to finish chart analysis for this.

Here’s a quick review of AH:

It mirrored the levels I drew almost 100%.

It blew through the $1.95 level. Now that’s key support.

It steadily pushed through the 2.18 area and the 2.30–2.36 supply zone. That was the first real “prove it” zone on the chart IMO. This move did not stall there. It accepted above it. That’s significant.

It printed a new high around 2.49 and held  2.40s. That’s what you look for in penny moves, expansion and hold. It signals strength rather than a likely round-trip. You want to see Base, Breakout… Base, Breakout… Base, Breakout. It’s a beautiful structure and exactly what we see here.

Leading into last nights close, you see strong MACD, elevated but not absurd RSI, and price was riding the averages instead of falling back through support levels.

In spite of the high levels already reached, we finished the day with a strong setup for a squeeze. AH started with a credible bullish setup, and it ended with strong evidence of a squeeze in process.

This DOES NOT translate to guaranteed moon, no risk. It just means the objective read is a squeeze is happening and could follow through. So we look to the charts to suss out the best-guess probabilities.

This morning reads like consolidation. It’s holding a shelf after pushing a high of $2.66 early on. It didn’t cascade back through the whole move. It’s been spending the morning building acceptance around $2.28-$2.33.

Momentum has cooled some without breakdown. This is constructive because it shows the market accepts it up here and it’s given RSI a chance to cool. 1M MACD has flattened a bit. I read this as pausing to take a breath before digging in for the next mile.

Expansion, Spike High, Pullback, Digestion is what we’re looking at. What we want to see now is a reclaim of the $2.40’s. If it does that the reclaim of $2.59 & $2.66 will be easier.

I think if that happens, it will pick up the momentum it needs to squeeze through the $2.99 to $3.25 zone.

Gotta go I see it’s curling! GLTA!

Just drawing your attention to some interesting price action because it looks constructive and could be setting up for a bigger move.

$POLA, nano Float, 42% short interest, haven’t found any news. Today it basically ripped from a low washout area through VWAP to reclaim and hold roughly 30% gains from today’s low.

That’s all I’ve got right now but I drew levels so I’ll leave them here in case anyone else finds this as interesting as I do. I’ll do the thorough chart read as soon as I can but just wanted to put this out there bc for momentum traders there may be a trade here.

Levels:
So I’m seeing immediate support at ~$1.90, near-term level ~$1.85, and a key support shelf at ~$1.78. I could see a healthy pullback to that area without getting a migraine. ~$1.67 is my line in the sand.

On the upside, we’ve actually already crashed two of my resistance levels since I started working on this. $1.95 was the first clean break when I first saw the price action today and I marked $2.00 but in reality it wasn’t really a technical level, more a psychological one.

$2.18 was my first real resistance level and now I’m noticing it’s pretty well past that at $2.23. Let’s see if we establish support there, it could take a few tries, assuming we’re seeing a real squeeze setting up.

$2.30-$2.36 will be a big resistance zone. If there’s enough momentum there we shouldn’t slow down until ~$2.59.

Break $2.59 with volume it heads toward $2.99.

Break $2.99 and we have a true squeeze.

The last level I drew is $3.25 but it would really be an extension of the $2.99 level. I won’t speculate beyond that, especially until I’ve had a chance to really look at the whole picture here.

Sorry this is so quick and sloppy. If you’re a momentum trader you’ll know what to do with it. I’m working on the charts now.

Here is the technical analysis to follow up the original post  I submitted when I first caught the unusual price action.

TL; DR
$ASTC just printed a possible bottom and blasted up 50% in the same trading session and it held the move. This doesn't read like low float volatility spike, it reads like groundswell gathering strength. There will almost certainly be pullbacks on Monday but If it continues this trajectory as an overall trend it could turn into a live momentum setup. With a nano float this small, it definitely has the potential to make triple-digit spikes, and with real, solid catalyst news, we could see it shift into a higher price-class and stay there.

It needs to hold though. Pullbacks are to be expected as it steps up, but I don't want to see it slip below key intraday support and stick there. But from this area, it won't need to clear too many more levels for the market to start piling in.

CHARTS
For reference, I detailed the time periods and indicators used at the end of this report.
The 6Mo and 1Yr dailies show the broad story pretty clearly. After a long bleed, we see $ASTC react sharply to the $1.92 low, posting an immediate volume expansion and a strong relative close. The key here (IMO) is it reclaimed near-term trend and EMA's. Any dead chart can bounce, but this shows signs of actually reclaiming structure.

The hourly charts get more interesting. On both the 60D & 30D, price gets pushed above the short EMA's as well as the anchored VWAP after a LONG time spent underneath them. This suggests sellers have lost control of the tape.

In terms of major bullish signals, the 20D is probably the strongest here, where you can best see what could have been just an impulse move consistently prove acceptance near the highs, topping out above the 9/20/50 EMA's and holding over anchored VWAP and then, it kept building, instead of showing any signs of round-tripping. It's healthy behavor, constructive. Buyers weren't chasing a single candle because they were obviously willing to hold inventory higher.

Finally, Volume also strongly supports a bullish read. On the Daily, Friday's volume was massively above normal. A dormant chart suddenly flagging high participation off a fresh lows gives the whole picture a degree of validity.

In terms of levels from here I think the next reasonable chart magnet is $3.05. A decisive break there should see $4.45 to $3.55 before encountering meaningful resistance and above that, big volume could see $3.85 to $4.05. I won't speculate beyond that, but we all know what nanos are capable of. That's why we trade them.

I will speculate about this though, Friday has the textbook appearance of a classic pushdown so "someone in the know" can collect cheap shares before major news is released, often in the same day. Again, this is 100% speculation, but they should have an update to report on the Strategic Alternatives Review they announced in November, and if that update includes merger news, a share buyback, or something along those lines, $ASTC could make a radical move. Looking at 10/03, it's clear that it can.

GLTA and happy trading!

Time Periods & Studies
I have attached charts for the following periods:
1 Yr Daily, 6 Mo Daily, 3Mo Hourly, 60D Hourly, 20D 15Min (extended hours included), 10D 5Min (extended hours included), 1D 1min (extended hours included).
Each displays EMA's for 9, 20, 50, 200 periods, VWAP, and anchored VWAP. Additional studies include: MACD, RSI, ATR, Volume Average, and Relative Volume.

American company with a 1.4M Float with no active dilution and no overhang.

TBH I hadn't thought about this company in a while but the AH action caught my attention and, overall, it reads like a potential breakout forming.

On no news (that I have yet found) today quietly ran from a low of $1.92 to an AH high of $2.87. Didn't see much drift at all throughout the day, just an increasingly aggressive push, and even when you see the inevitable pullback from $2.87 it still held materially above anything intraday. It reads like the market is remembering this company and, for whatever reason, values it above where it has been trading.

Reading through the latest filings, I'm not seeing a mature revenue story TBH. What I am seeing is a cash-backed, multi-vertical detection platform that has international reach, government validation, and real-world deployment of its tech.

Its TRACER 1000 technology has been deployed across 16 countries. They have a contract with DHS tied to next-gen explosives, a new narcotics detector, and now an environmental testing arm. All ready for expanded comercialization.

It could be that the market is just reevaluating a company that is positioned to transition to a major revenue producer as its tech continues to deploy. Or maybe we're about to get a progress report on strategic review, a new sales/contracts for TRACER 1000, or another government contract with TSA or DHS. For a company with so many initiatives solidly advancing, any of these are equally plausible catalysts.

Whatever the reason, it isn't moving accidentally, and the chart looks nice for a breakout, so check it out like I did and if you like it put it on watch. I got excited and took a position at $2.68, which was higher than I needed to because it showed some $2.56 fills not much later on the tape. But that's what happens when you trade emotionally. Don't do that.

I'm going to do a deeper dive and follow up with what I find. Just wanted to get the alert out when I saw it bc for all I know it's already moved over $3 while I've been typing. Enjoy your weekend, all.