Yesterday, 15 May 2024, Vuzix Corporation announced a development contract with Garmin, a leader in navigation and consumer electronics. Garmin commissioned the development of nanoscale optical projection systems based on Vuzix waveguides. These systems are small projectors suitable for use in compact augmented reality (AR) devices.
The contract with Garmin was...
Vuzix Corporation, a leader in the professional augmented reality (AR) device market, has garnered favourable feedback for its AR glasses, as detailed in a success story published by TeamViewer. The report highlights using Vuzix M400 AR glasses in conjunction with TeamViewer Frontline software by Nadro S.A., a prominent Mexican pharmaceutical wholesale...
VUZI has Double Bottomed on the Weekly Timeframe at the PCZ of a Bullish Deep Gartley and is now attempting a Break-Hook-and-Go off the Spine of a Bullish Dragon it's formed at these levels while showing MACD Bullish Divergence. It would be ideal for VUZI to hold these levels and eventually break back above the 0.886 and to confirm it as support as well before taking off.
lovely bounce from extreme support zone that goes back to 2015, followed by downtrend breakout around 5 dollars/share.
now at extreme resistance, above 11.68 I predict we see continuation towards all time highs.
The $15 area seems to be a significant price point for this stock.
Going to be looking for entries if the price dips and creates a new low above or around the $15 level
No longer bullish if price is under the support area around $10
NASDAQ:VUZI
Possible Scenario: LONG
Evidence: Price Action
Entry point: 12.5 to 13 in case of pull-back, without pull: 14.75 is buy signal
TP: 16$
Call options, Strike 15$, 11/19/2021, 100 contracts, cost 13k, profit in target : 10k
*This is my idea and could be wrong 100%
we finally broke this downtrend after months of bleeding and consolidation. after long consolidation we usually see a big rally! so congrats the to the dip buyers.
price targets are 19.89/25.02/30.15 🏷 like and follow for more !
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I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own...
This is a pretty clear setup, macro thematic of VR/AR combined with remote work...this is a no brainer, Expect this to trend up for quite some time as it will take a lot to turn it around > years of up.
▪️ From a Technical point of view:
High volume during past few days, highly possible for higher prices to come. with a quite tight stop loss might be a good chance to catch 1:4 Risk To Reward.
GL ☮️
Vuzix (NASDAQ:VUZI) shares gained more than 15 percent, closing near its highs of the day on strong volume. The stock broke through resistance and out of flag formation. Looks good to go here. Its technical chart shows some bullish signals as both MACD and KD are now going up and the stock breaks above the 200 exp day moving average. Next resistance is now seen at...
