Not an Advisor.
Has potential to breakout of the current triangle pattern in play here.This morning we saw a premarket crash causing a sea of red. MVIS Immediately showed strength and got up past $14. We just closed an inverted green hammer on the hourly, waiting for the next candle to confirm reversal, I believe it will. About half way through for that candle to close up so awaiting to see the results of that. Still very low volume since the run up to the 52 week high, which actually is a good sign. We want that average volume low for when we really start to spike we see a nice run in the stock price. RSI is low, and ticking up. Great sign because we are in over sold territory. What we need to see here is a few more things play out before we can really run up, we need to confirm this reversal. We need to break out of this triangle, break through and hold above that 200 MA. I believe we will see us break the triangle and spark a bull run, we just shown tremendous strength with the current conditions of the market this morning. If we recovered pretty much right away when the market hours opened. We have the Bollinger Bands squeezing, and starting to open up a little which is give the candles room to run. We just need volume to come and show the strength that this company truly has.
MVIS has hit $20+ multiple times this year, and I truly believe we will start to see those numbers and some with the upcoming Shareholder meeting May 26th. A lot of excitement/buzz surrounding Microvison. Q3 &Q4 set for Potential Sale/Production of their LiDAR units.
Has potential to breakout of the current triangle pattern in play here.This morning we saw a premarket crash causing a sea of red. MVIS Immediately showed strength and got up past $14. We just closed an inverted green hammer on the hourly, waiting for the next candle to confirm reversal, I believe it will. About half way through for that candle to close up so awaiting to see the results of that. Still very low volume since the run up to the 52 week high, which actually is a good sign. We want that average volume low for when we really start to spike we see a nice run in the stock price. RSI is low, and ticking up. Great sign because we are in over sold territory. What we need to see here is a few more things play out before we can really run up, we need to confirm this reversal. We need to break out of this triangle, break through and hold above that 200 MA. I believe we will see us break the triangle and spark a bull run, we just shown tremendous strength with the current conditions of the market this morning. If we recovered pretty much right away when the market hours opened. We have the Bollinger Bands squeezing, and starting to open up a little which is give the candles room to run. We just need volume to come and show the strength that this company truly has.
MVIS has hit $20+ multiple times this year, and I truly believe we will start to see those numbers and some with the upcoming Shareholder meeting May 26th. A lot of excitement/buzz surrounding Microvison. Q3 &Q4 set for Potential Sale/Production of their LiDAR units.
Comment:
Volume picking up, If we see more we crush through that 200 MA this is just the start.