MVIS HArmonics: Let's Ride!Looks like there could be a big move coming on MVIS. I am getting on at the reversal zone here and riding up, setting my stop below the previous support level, and possibly taking profit at some of these fib levels. If I see price, fail to reverse at the reversal zone, fail to pass the previous high (B point), or fail to pass the high prior to that one (X point), I will exit the trade. Good luck, trade safely, and let's make that money at the REAL reversal zones.
0K17 trade ideas
MVIS....Whatsappeniiinnngg?? Hint: What do you drink out of?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 lower than the 40%. With MVIS being added to the Russel, we should start to see some really good price movement from ETF purchases. So hold on tight, and buy the dips! The rocket ride gets a little bumpy.
Microvision MVIS - Swing Play IdeaOur last weekly candle closed near the top end of the trading range. Also notice there is a potential cup and handle pattern forming here on the weekly chart. This could be a sign that we will soon break out of this current trading range and close a weekly candle above 20.50. We would then be looking to make a new high, in what appears to be a solid longer term uptrend channel(white lines) going on. But in order to do that that, we first need our dip to form the handle of our cup pattern...then of course some volume on this dip. Ideally, I'd be looking to start buying closer to our current 50% retrace level of 17.63, adding heavier as we move closer to the bottom of the cup. I would use Friday's previous high of 23 as the sell trigger, but focusing mainly on the current 1.0 fib extension target near 30, selling heavier as we move closer to the 1.618 extension target near 41. Just keep in mind that we could very easily slip back into the current trading range, with our bottom level sitting near 10.80. We could also just as easily get a news release that quickly sends this to a new high without any dip at all.
*Swing MVIS at your own risk!
MVIS Weekly looking to cross BullishNot an Advisor.
This chart is a bit messy so I apologize in advance. Weekly Chart for MVIS is showing monster potential.
Looking to cross bullish on the MACD
Stoch lines are looking like they may start that movement upward signaling strength to come to this chart.
RSI is only at 62! Plenty of room to run here.
Still awaiting on Volume to match the weekly average of just a bit over 100 million, currently at half of that with 2 days left this week of trading.
Watching this closely to see what pitchforks further get validated with price action this week.
Blue lines are flag measurements to gather price targets.
Gold lines are areas of previous resistance/ support. Also price targets.
MVIS - Gettin' all fancy today?! Watch the trend this weekLoving 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 soldiers pattern. Hedge wisely on this, things are starting to heat up.
MVI-YES WE CAN! TA on uptrend and insightAfter 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 pattern that we need to be aware of when trading options. HFs like to short a day our 2 before OpEx, run up, then short again. Play it safe, invest for the long haul with MVIS.
MVIS - Boomski to the Moonski...Soonski?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 downtrend in the coming days to bring technicals in alignment for continued uptrend. Our lack of volume is hindering aggressive upwards movement. The ASM on 5/26 is something to look out for. Hedge wisely here, as we know the shorts love to barrage us on ERs and the ASM. Stop-loss-raid could be an outcome as well. Regardless, we know the value of Microvision. We're waiting on that Valuation and Performance Verification. Good PR will send us to the moon. Accumulate on the dips, cost average down, and don't FOMO. Cheers everyone.
MVIS LongWedge breakout + revisit
Uptrend consolidation
Price crossed SMA13, 50
OVB>OBV34
WR buy signal (my scripts: Williams %R two lines)
Entry 15
Stop 12
Target 28
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
MVIS Bull Run IncomingNot an Advisor.
Couple things to make note of....
Seval Oz just finally got shares after 3 months of finally joining the Microvision Board of Directors. (ties to Waymo; Could have potential to be the new Waymo CEO)
May 26th Annual Shareholder meeting.
Current Board of Directors
Sumit Sharma - CEO (Worked on Google Glass)
Yalon Farhi - Director - Retiring this summer
Brian V. Turner - Chairman - previously was the CFO, Secretary & SVP-Operations at BSQR
Mark Spitzer - Independent Director - Previously Operations Director ( Google Glass)
Judy Curran- Director - Head of Global Automotive Ansys, Previously worked Ford (Director of Planning and Strategy - Vehicle Components & Systems)
Seval Oz - Independent Director - Executive Board Advisor at Pioneer Electronics - Google Self Driving Cars - Head of Global Partnerships and Business Development - CEO at Aurmia Inc.
Robert Paul Carlile- Independent Director - Previously Partner at Arthur Andersen LLP
Simon Biddsicombe - Independent Director - Previously CEO MobileIron
MVIS has announced long ago that they were up for sale or willing to sell a vertical of the company. Q3 & Q4 they will have their LiDAR product for sale and ready for production. We are now heading getting closer to Summer with Q3 being less than 2 months away.
Here we have the Daily Chart.
We have previously broken out and started up trend and now we are looking to continue on for a much further run, looking to break the 52 Week High.
9 MA is looking to catch up to the 21 MA and cross over bullish.
MACD is looking to Golden Cross to spark the Bull Run on the Daily.
Bollinger Bands are starting to squeeze a little bit as you can see, still want to see that continue to get tighter and tighter. (it already is on the lower time frames)
I have a pitchfork set to the upward channel we want to follow, we want to see the lines continue to be respected.
RSI is only at 52 currently which means we have so much room on the runway and so far we are only at upper $15.... Lot of room for this to grow yet.
Stoch lines trying to escape the bottom area of the indicator and show strength in the movement upward. Once those get moving... we will start to pick up a lot more momentum to the upside.
Areas of support and resistance are tagged.
Still awaiting on massive volume to return. It's quite impressive under 10 million volume today and we were able to get above $16. Once we see that Volume come flooding in, I believe we can get back up into the 20's quick. Maybe even test the 52 week. Time will tell here.
Watching this one hard. Patience here with this one.
Options are expiring this week. Plus they added weekly options now. This one could erupt at any moment. Last run was 10 - 30 (premarket) in a matter of like 3 days. This could be no different, especially when breaking significant down trend.
MVIS - Logarithmic Weekly and Daily. Breakout on the horizon!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 pulling from tech sectors, if it does occur next week. However, good PR is coming soon, so that in itself will justify movement against the market sector. Buy the dips everyone! We’ve been saying that since it was under $1. Cheers.