Took some time to go over MVIS and what I’m looking at. The Market still plays a roll on our price action. It has nothing to do with a lack of value in the company and/or products the produce. Shorts have used the crumbling market as a tool to drive price down further.
It appears we may have hit a double bottom around $12.56 - $12.57, but hit a hidden dynamic resistance I discovered while making this recording. We’ll have to see now if we have true support around $12.56, or if we continue down further. Regardless, you all should have dry powder available to buy some more shares. These lows are a gift, so treat it as such.
One thing I didn’t discuss in the video, was the IH&S (Inverse Head & Shoulders). If the fundamentals and market line up, the IH&S would have given us Bullish momentum to break trend up to the $20 range.
BTFD, BAFF, and BOOMSKI UPSKI TO THE MOONSKI everyone.
If you think I missed something, as always, I’m happy to learn.
It appears we may have hit a double bottom around $12.56 - $12.57, but hit a hidden dynamic resistance I discovered while making this recording. We’ll have to see now if we have true support around $12.56, or if we continue down further. Regardless, you all should have dry powder available to buy some more shares. These lows are a gift, so treat it as such.
One thing I didn’t discuss in the video, was the IH&S (Inverse Head & Shoulders). If the fundamentals and market line up, the IH&S would have given us Bullish momentum to break trend up to the $20 range.
BTFD, BAFF, and BOOMSKI UPSKI TO THE MOONSKI everyone.
If you think I missed something, as always, I’m happy to learn.
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As always, please let me know if you see something I didn't catch.
You can also subscribe to our podcasts: Podcasts.moneyvikings.com
As always, please let me know if you see something I didn't catch.