Wanted to get a quick video out to explain what’s going on this morning. Technicals out of alignment on 30min and 1hr. Algos are doing work to realign and support the uptrend. Everything is pointing to parabolic run. But, we’re not out of the woods yet. We need to get above the Monday high. If everything stays it’s course, we may see $30 today.
Quick little check in on MVIS. Rest assured, we have uptrend in our near future. Technical care setting up on the Daily chart to support a loooooong run.
Kept it basic and simple this time. We had good price action and movement. Multiple trend lines and formations are being confirmed. We’ll have to see how things unfold over the next few weeks. None the less, I still maintain we will be over $100 by the end of the year, with a high possibility of seeing $30 in the coming weeks.
Took some time to go over MVIS and what I’m looking at. The Market still plays a roll on our price action. It has nothing to do with a lack of value in the company and/or products the produce. Shorts have used the crumbling market as a tool to drive price down further. It appears we may have hit a double bottom around $12.56 - $12.57, but hit a hidden dynamic...
This is a little different than what I usually do. Very straight forward line charts of the IXIC, DJI, and SPY. Showing how the changes in the value of the Dollar over Gold, impact the market. I know this isn’t the only influencing factor, as each market has its own levers, but this simple deviation of the two can weigh heavily on the markets.
In this video I look at the weekly chart, predicting potential price movement off of patterns. This has me really excited, and I hope it does the same for you. As always, I appreciate any comments, feedback, or alternative views. I just ask that you teach me the fundamentals used to get you to your conclusion. I wish everyone health, wealth, and happiness. Cheers.
Had to break this down in to 2 videos. In this video I look at the layers of the cake, and why our price action performed the way it did today. Also identified the trend channels and dynamic support/resistance we’ll see. Video 2 will go in to more of a prediction on where we’re going.
Wanted to show what I'm looking at during the day, with a little commentary on my thought process. Didn't get too finite with my charting in this one, just generalization. Market still on a down trend and correction. Hedge wisely. Please let me know your thoughts. I'm always happy to learn something, if I missed it.
My analysis on MVIS, my chart set up, what I see going on, and how you can protect yourself without selling.
Looking at the price action on the NASDAQ (NQ1!) from the past few days. Focusing on the quick profit take from today, leading in to a down trend tomorrow. Hedge your bets.
This is my analysis of the market, specifically the S&P 500. Indicators and fundamentals that point to a massive drop. The formation identified is called a Broadening Formation (aka Megaphone Formation) Here's the link to better explain the formation in detail - www.investopedia.com As stated in the video, if you have a difference of a opinion, I would love to...
By placing the Gann Fan at break out points, it creates precise Support, Resistance, channels, and pivot points. Combined with the Bollinger Bands, we can now identify future trends before they happen. This same method can be applied on shorter and longer chart ranges (i.e 15min, 1day, etc). Breakout to double digits incoming!
Looking back at the past 2 cup formations, there is a consistent 13 bars on the 1D chart, between the two highs, before retracement. With lots of compelling, and positive, news around EV developments (i.e. Apple/Hyundai and NIO/Nvidia) there are more eyes on MVIS and their development towards the most advanced Auto LiDar on the market. The break above $5 attracted...
NASDAQ:MVIS Pulling the chart out 6 months, you can see consistent support and resistance points that are paralleled in various channels. Recent positive PR has bumped MVIS in to a higher tier channel. Pulling off historical consolidations over the past 6 months, you can see the where the action line of the pennant formation. This past week, that line became...