Description
⋅ MVIS is a volatile penny stock with daily volumes in the 20JK range and a low float. Yesterday
was a decent earnings beat. MVIX was already trending up into the earnings and now may
sustain that trend up. Volatility and volume indicator support my supposition that the trend
is real. The target of the consolidation period of February 8-13's price level of 2.58 is
13 % upside. I espect this to be a long swing trade lasting a few days. Upon reaching the
target I will take half the position to realize that part of the profit and run the rest.
Trade active
⋅ Price down 1.5% holding full position.
Trade active
⋅ Decent earnings - price still sideways for now.
Trade active
⋅ Sideways and slightly lower with general market decline. Holding and watching.