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...
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...
We're on the verge of a possible breakout in the shares of Micro vision, Inc.(NASDAQ:MVIS). The stock finished the day up 36.76% on a huge volume of over 117 million shares exchanging hands on the day. I'm watching the stock again as the stock looks to be setting up for a big upside move. The technical chart shows a possible new rally as the MACD fast line is back...
1st SAFE Take Profit: 32.50
Technical Analysis
1. Pennant Pattern
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Potential Pennant Breakout (incoming)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI was recently oversold
Note that the market could still potentially fall to 6.30
Rationale
Volume Shelf, Large demand in the 7 zone
Coil pattern
Buyout rumors
Other similar lidar companies like LAZR are in an upward trajectory
Peculiar -Options contracts go up to $19 for Feb, but not for March
Options value & flow is above average
Secondary offering back in December
Thanks to the market wide pullback on friday. This $MVIS play I played...
I'm long on MVIS and buy the dips consistently. For the past 3 months, this thing spikes, regresses and bounces off of the .618. I can see MVIS doing this for the foreseeable future due to the moves they've been making and news on a potential buy out.
**I am not a professional trader and only do this for fun. Please use your own judgement when buying and...
