The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $14,21; stop-loss — $15,20; take-profit — $12,23.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Came to the comments to see this idea get roasted… you don’t realize the golden zones and you don’t realize the three points of resistance from previous bull run. Expect to see 20 middle of week bet on that and go to the bank
marissagreg15
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I think shorts will always try to make micro go down but this stock is a 30-50$ stock in the long run. They have the best lidar market and also have their techology in hololens 2. This company has so much potential that if it all plays out there will be a boomski
KozakHlib
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@marissagreg15, well, yes. But intraday short was succesful :)
zvacco
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I take it that you don't listen to earnings calls. Does one of those "other conditions" that can cause a fall include MVIS openly name dropping Microsoft as their "2017 Customer" for the first time or the simple connection that this acknowledgement means that the market can no longer act like MVIS is not involved in the IVAS contract? We won't even get into the LIDAR portion of it cause that would assume that you are aware of the company's technology and I know that's a long shot to expect of you.
KozakHlib
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@zvacco, well, it's a short-run trade based on order flow, nothing more.
fantasyste
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man you publish the graph when it s already down. such a fiasco.