Get out of $MVIS!
Updated
Yes, $MVIS made some killer moves this last week. If you're holding options, or shares it's time to hop off.
$MVIS rolls in a super nice stagnant channel. Technical traders rely on the tenant that history will repeat itself.
Don't get caught holding the bag on this boy. If you've been long: TAKE PROFIT NOW.
If you like the short game, now is a nice time to open a position. I think I might... Look to the $13.10 levels to make some cheddar.
Resistance has shown to be quite formidable and this boyo is really playing out to be a technical trader's dream. If you believe in the stock and if you believe in the plan - execute it with confidence. I don't see the bull run continuing past now.
Have an entry. Have an exit. If you go short - use a stop loss.
Technicals:
Like if you like. Not an expert - just my idea, and I take my ideas to the BANK!
$MVIS rolls in a super nice stagnant channel. Technical traders rely on the tenant that history will repeat itself.
Don't get caught holding the bag on this boy. If you've been long: TAKE PROFIT NOW.
If you like the short game, now is a nice time to open a position. I think I might... Look to the $13.10 levels to make some cheddar.
Resistance has shown to be quite formidable and this boyo is really playing out to be a technical trader's dream. If you believe in the stock and if you believe in the plan - execute it with confidence. I don't see the bull run continuing past now.
Have an entry. Have an exit. If you go short - use a stop loss.
Technicals:
- on a 30 minute chart - RSI has peaked and is gonna fall into range.
- MACD crossover is imminent - plain as day
- That channel is GOOOOOOOOOOOLLLLLLDDDDDD... see the chart.
Like if you like. Not an expert - just my idea, and I take my ideas to the BANK!
Note
Well..... that went about as backwards as it could have gone.Insane volume came through today and blew my idea to shreds.
I cut loss early and I'm gonna take another shot at the top.
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