MVIS....Whatsappeniiinnngg?? Hint: What do you drink out of?
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 lower than the 40%. With MVIS being added to the Russel, we should start to see some really good price movement from ETF purchases. So hold on tight, and buy the dips! The rocket ride gets a little bumpy.
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As always, please let me know if you see something I didn't catch.
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