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...
Stock technical analysis