MTTR megaphone channel uptrend call setupThis is a position I have held for a while with a 3.5$ strike price on MTTR, Matterport. This call setup follows a cup and handle formation and breakout of medium term resistance, increasing volume and RSI.
−0.73USD
−111.339MUSD
136.125MUSD
250.71M
About Matterport, Inc.
Sector
Industry
CEO
Raymond J. Pittman
Website
Headquarters
Sunnyvale
Employees (FY)
590
Founded
2011
ISIN
US5770961002
Matterport, Inc. operates as a spatial data company that focuses on digitizing and indexing the built world. The firm's products include 3D content platform, pro2 3D camera, 360 cameras, virtual reality and mobile apps. It serves the residential real estate, engineering and construction, travel and hospitality, and commercial real estate sectors. The company was founded in 2011 and is headquartered in Sunnyvale, CA.
close to breakoutNASDAQ:MTTR IF breaks out, then I'll want to be a buyer at the back-test, as shown. Same price as now, with less risk.
Big {stage 1} consolidation with a chance for a {stage 2} breakout. The increased volume over the last week is a tell.
MATTEPORT Stock Chart Fibonacci Analysis 0304231) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 2.83/61.80%
As a Matter of Fact - Metaverse Is Here To StayThis was a 2021 Bubble Darling, where all the low-tech Boomers were battling hand over fist to put Liquidity in.
Now that its under 1 billion market cap, the additional downside is very minimal... perhaps $2.00
The upside for a reflexive short squeeze is appealing. This company has strong na
$MTTR to Bounce Back?$MTTR is at an all time low, 60% lower than where price first began publically trading.
Perhaps we will see it trade towards $12.5 again.
Not financial advice
Matterport Going Down to Zero in the Coming WeeksOk so Zero is a bit of an exaggeration but it is on track to breaking down to a minimum of 4 dollars and 77 cents (aka the 1.618 Fibonacci extension) if it breaks the support of $10.50 and the likelihood of support holding here is very small.
I would stay far away from buying this stock as it's j
MTTR Disruptive Innovation in the MetaverseCEO Raymond Pittman: “Matterport is Digitizing the Built World - Every Building in Every Country”
“We're supremely focused on digitizing the built world because it is such a massive TAM: 4 billion buildings, $20 billion monetizable spaces out there once digitized by Matterport…
We're signing all of
MTTR - Long - RDX - CMF - In SyncDetails on the chart.
MTTR has not got good fundamentals so far in terms of financials. But, the product is good and userbase is solid. They are scaling.
The chart looking to start bullish as RDX bullish crossing has happened on weekly along with a positive turning point on CMF.
Not a financial
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