MVIS recently broke this 6 month downtrend channel, also look at the RSI cross its making.
The last time we saw a RSI cross it rallied around 1000% in a very short period. theres no guarantees history repeats.. but a small rally is definitely possible here. My short term price targets if we can break 4 round number resistance: 5.02-6.55-8.31
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Not a financial advisor.
MVIS had a historic run and made a lot of news headlines last year.
We appear to have seen the bottom and look for a 3 white soldier reversal to confirm the strength upward.
This was one of the best plays for volatility in the market with the price swings. Also had major booms in the market seeing major price increases.
This is...
Based on the presentation that was presented today (Jan. 5th 2022) this stock will be heading to the supply zone on the chart. Currently holding some shares that I will diamond hand. Looking to average down when the time is right. I believe company will achieve greatness but will take some time.
MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on microelectronic mechanical systems, laser diodes, optomechanics, electronics, algorithms and software.
Trendline break
Demand Zone confirmation
Entry 9.14
Stop 8
Target 15
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
An inverted hammer was formed last week, it was with GAP, and the candle formed a long shadow, meaning buyers were aggressive and raised the price to a higher level, but sellers took control on the last day of the week. From a technical point of view, it can be said that the price has a chance to rise, because according to the stochastic indicator the fastest K is...
This is a totally speculative idea but makes sense using harmonics. Right now we will get a pump but will sell off in February. Another pump in April then sell off in the summer then the cycle continues with a pump in November 2022 again..
Elon testing lidar after denied is was needed!
Volvo installing lidar , not mvis, anyway all lidar companies back in the game.
Lots of big car companies-customers!
MVIS is a a special point. 9.74 holds and she moves north for easy money. Currently a falling wedge with a break out or further continuation possible to the downside. Volume is gone, waiting till monday morning to see if the buyers step up. Easy swing back to 12.5 from this level or wise a longer 2 month swing back to the 11.5 range if this falls lower than 9.74.
where those Diamond hands dudes are at? LOL
Just kidding, so we'll see if it will break uptrend. Otherwise just hold...
What's up with earning though? Negative?
We've got a clear gap to fill at 12.88. Although it feels like she might go testing the latest 50% swing retrace before coming back down to fill that gap ahead of the live demo in Sept at IAA Mobility. Also keep in mind that they still have another $70m left on the ATM.
The price broke out for a minor horizontal resistance structure near $15.20. Before moving higher we may see the price testing this zone again. So that would be our opportunity to join this trade again.
Targets:
$18.40
$22.75
Thank you and Good Luck!
