MobileEye: Vision of success: $20 Price Target
MBLY Mobileye (MBLY) is a global leader in advanced driver-assistance systems (ADAS) and autonomous driving technologies, providing AI-driven solutions for vehicle safety and automation. The company’s products include vision-based sensors and software used by major automotive manufacturers to enhance vehicle safety features, such as automatic braking and lane-keeping. In 2021, Mobileye was acquired by Intel but continues to operate as an independent entity, focusing on accelerating the adoption of autonomous vehicles
Trade Setups
- I Would like to see price return gently to the breakout area and bounce heavy from there targeting $19+.
I have included a photo of the setup of how to trade this specific pattern.
1 X Red flag 🚩
RSI seems a bit overheated & would like for some basing to occur before it continues higher.
MACD also seems to be all over the place.
How would you trade this setup?
Let me know in the comments? What criteria’s would you wait for before entry?
Best,
C
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