MVIS - Logarithmic Weekly and Daily. Breakout on the horizon!Expanding on what Brian from Gator Traders was sharing on his livestream from Friday. He’s a little under the weather, so figured best to get some more explanation out around what he noticed. Price action is respecting trends on a logarithmic scale for the Daily, Weekly, and even Monthly charts. Market in general still unsteady. MVIS could be impacted by money pulling from tech sectors, if it does occur next week. However, good PR is coming soon, so that in itself will justify movement against the market sector. Buy the dips everyone! We’ve been saying that since it was under $1. Cheers.
MVIS
MVIS - Do we call it a come back?!Lots of good signs that we’re on an uptrend. Still a little nervous about the NASDAQ. Market seems to be on edge right now. However, Shorts are in the hole for almost $700M with no shares available to lend right now. Last time this occurred, we ran up to $28. Institutions and Hedge Funds bought only Call Options today, so let her rip.
MVIS - "WHAT HAPPENED?!?!” Here’s the answer.Looking at multiple technicals and taking in to consideration the great info provided on the Earnings Call, the misinformation, and Shorts taking advantage of the situation. I hope to explain it all here. Please feel free to comment and let me know if I missed something. Appreciate the engagement and feedback. Cheers.
MVIS - PR Drop Morning price action explained.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.
MVIS will drop after earningsMVIS is having a huge run.
I would expect it to have a huge drop after earnings (on the 29th), even if they DO great in earnings, they should drop just because of this huge run-up.
I would consider buying PUTS on MVIS a day before earnings. This is obviously risky, but it's the most rational way to play this.
MVISWe're on the verge of a possible breakout in the shares of Micro vision, Inc.(NASDAQ:MVIS). The stock finished the day up 36.76% on a huge volume of over 117 million shares exchanging hands on the day. I'm watching the stock again as the stock looks to be setting up for a big upside move. The technical chart shows a possible new rally as the MACD fast line is back above the MACD slow line, while the RSI is also gaining strength developing a new uptrend and with stock back above 20-day exp moving average we should see more upside coming. The key resistance level to watch tomorrow is at $19.37. Watching for a possible breakout there.
MVIS Trade evaluationWe bought in and sold very early, this is a lesson on why you should (SOMETIMES) let your winners run and have your stop losses set up to safety net your losers.
Note the private idea I made earlier this week regarding mvis breaking out of its fibonacci retracement zone and how I used that to accurately predict this price spike with the volume and fibonacci indicators.
For our new expectations with this stock we could see a brief pull back to lower levels as retail traders find their exit from this trade and/or it just simply trades sideways and establishes a new price range.
Microvision April 2021Breakout of this pattern will send us testing the upper range of the bollinger band around 19.50. A failed breakout likely send us back to that 14.73 area for potential new support, which IMO would be a healthy move. Expected A-Sample update on April 29th's earning call will impact the share price.
MVIS BUY/LONG Potential from 12.50 to 32.50!1st SAFE Take Profit: 32.50
Technical Analysis
1. Pennant Pattern
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Potential Pennant Breakout (incoming)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI was recently oversold
Note that the market could still potentially fall to 6.30
MVIS - Can we build a range?If the support works, we could create a range between the two distinctive levels. Nevertheless, the chart is difficult to assess. Such upward outbreaks no longer have anything to do with a normal chart analysis. I hope for a healthy range so that buyers and sellers agree on a nice price range. Then the cards are reshuffled.
MVIS - Consolidations don’t scare meKept 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.