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...
Our 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...
Not 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...
Loving 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...
Holding nicely above $10. Just needs a bit of volume and a catalyst (LiDAR partnership perhaps?) to get her back in the 20s and retesting that 27 area. A market crash feels like the only thing that could stop this overall bullish trend.
MVIS,
It has been under a lot contacts with US military projects, we can see MVIS taking tech to another level and the price as well.
- Pennant Pattern
-Great Risk and reward
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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...
Wedge 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.
We are looking to break out of the red down channel and fill that $17.53 gap. The next major news release takes us to somewhere between $30-$40. Good luck!
Not 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...
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...
