0K17 trade ideas
<TradeVSA> MVIS strong uptrend with Pullback in Hourly ChartSign of Strength and Weakness
1. Daily Chart
- Green Pentagon / Uptrend
- No Major Weakness
- Still supported at the gap
2. Hourly Chart
- Red Pentagon after Up-Thrust
- Spring at 40MA
- Looking for entry with hourly Green Pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
$MVIS PT 45 and higherMicroVision, Inc. develops scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions under the PicoP brand in the United States. Its PicoP scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics. The company's products are used in interactive and non-interactive projected displays; 3D perceptive light detection and ranging (LiDAR) sensing for consumer electronics; augmented/mixed reality; and 3D Perceptive LiDAR sensing for automotive active collision avoidance systems. It sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
The Fundamentals aspects of Micro VisionWith the expansion of Hyper Technology, many companies alike Micro Vision has pushed through the old industrial trials of mechanical engineering and created a new way of transforming society. From the connection of social media to the advancement of electric cars, Technology has created opportunities for innovation. Micro Vision has taken that step towards innovation and creating scanning technology that can project interacting images on surfaces and objects. Think of this company that pushing the envelope in holograms and interactive scanning technology.
The overall fundamentals of this company are fairly good. Based on the fundamentals numbers referencing from Micro Vision Financial Reports, the companies Revenue is bringing in 8 million in sales and has grown over 20 percent in revenue growth in the past 5 years. They are currently debt free. However, with the number of COVID-19 cases spiking through the 2020 year may stunt some growth for majority of the companies. Micro Vision may fall into that category.
Within the stock market, its been showing good signs of an up trend for the past year. Based on its push towards 3.00 dollars a share, I can see (MVIS) pushing towards 4 or 5 dollars a share.
Needless to say, the company looks promising as an investment either long or short.
MVIS - Waiting on a BO during a global pandemicBelieve that we'll see some tough resistance Monday and will see a drop. Finding support during a stimulus deprived and depressed market isn't that promising. I can see many support levels falling out due to this, especially if stock experiences a low volume day. Stimulus talks will not begin again until Tuesday and will likely not come to a deal the first day back, which will again be another case of weak support and low volume leaving it vulnerable to a short attack. This is my prediction based on political/economic catalysts and the levels of support shown projected in graph.