Quick little PM TA on MVIS. No need to worry, we are setting up a beautiful cup & handle formation. We're keeping an eye on the price bouncing off the 25% retracement on the daily. If we break above $21.50ish and hold, then we should start back on the uptrend. If we break down below it, then we do have some restistance points along the way. I don't see it breaking...
Loving the price action on MVIS today. I played around with my Trend line on the Daily Log chart, and found what appears to be the trade channels. I'd love to hear what you all think. Based off these trends, we could see consolidation for the rest of the week, with the uptrend starting on Monday. Keep an eye on the formation as it develops. Looking for a 3...
After the semi let down from the ASM call, we are seeing great price action as a result of technicals and some great articles being written. One in particular calls out Tesla's interest in Auto-LiDAR. This positions MVIS very well, as a candidate. I call out the current trading trend, and the bigger trading trend that was confirmed today. Also bring notice to a...
Looking at our girl MVIS, what are we seeing? On the Daily chart, Logarithmic Scale (Thanks Brian Reeves @Gator Traders for catching this), we still see the Hidden Bullish Divergence! There is a channel that appears to be a slingshot for the price action, and we're working our way towards it. As we break down the chart in to intraday trading, there is possible...
Expanding on what Brian from Gator Traders was sharing on his livestream from Friday. He’s a little under the weather, so figured best to get some more explanation out around what he noticed. Price action is respecting trends on a logarithmic scale for the Daily, Weekly, and even Monthly charts. Market in general still unsteady. MVIS could be impacted by money...
Lots of good signs that we’re on an uptrend. Still a little nervous about the NASDAQ. Market seems to be on edge right now. However, Shorts are in the hole for almost $700M with no shares available to lend right now. Last time this occurred, we ran up to $28. Institutions and Hedge Funds bought only Call Options today, so let her rip.
Wanted to get a quick video out to explain what’s going on this morning. Technicals out of alignment on 30min and 1hr. Algos are doing work to realign and support the uptrend. Everything is pointing to parabolic run. But, we’re not out of the woods yet. We need to get above the Monday high. If everything stays it’s course, we may see $30 today.
Quick little check in on MVIS. Rest assured, we have uptrend in our near future. Technical care setting up on the Daily chart to support a loooooong run.
Kept it basic and simple this time. We had good price action and movement. Multiple trend lines and formations are being confirmed. We’ll have to see how things unfold over the next few weeks. None the less, I still maintain we will be over $100 by the end of the year, with a high possibility of seeing $30 in the coming weeks.
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...
In this video I look at the weekly chart, predicting potential price movement off of patterns. This has me really excited, and I hope it does the same for you. As always, I appreciate any comments, feedback, or alternative views. I just ask that you teach me the fundamentals used to get you to your conclusion. I wish everyone health, wealth, and happiness. Cheers.
Had to break this down in to 2 videos. In this video I look at the layers of the cake, and why our price action performed the way it did today. Also identified the trend channels and dynamic support/resistance we’ll see. Video 2 will go in to more of a prediction on where we’re going.
