MVIS Trend and Breakout FormationNASDAQ:MVIS Pulling the chart out 6 months, you can see consistent support and resistance points that are paralleled in various channels. Recent positive PR has bumped MVIS in to a higher tier channel. Pulling off historical consolidations over the past 6 months, you can see the where the action line of the pennant formation. This past week, that line became support and resistance, confirming the existence of that line. If everything stays on trend, support and resistance continues to be confirmed, we will see a Bullish breakout at the intersection of the Yellow and Blue lines...if not sooner.
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$MVIS Wave 5I am long on this stock but it seems that we are in the middle of another wave 5. Take the height of Wave 1 and add it to the beginning of wave 4. - This will put us around $2.26-$2.28. There is a meeting on October 8th and I believe it will build until then. I also think the new base will be $2.
Always, I am not an advisor. Please do your own due diligence.
MicroVision, Inc. On Breakout Alert MicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP scanning technology has addressing the following market segments Interactive and non-interactive projected displays, 3D Perceptive LiDAR sensing for consumer electronics, Augmented/Mixed Reality (AR/MR) and 3D Perceptive LiDAR sensing for automotive active collision avoidance. The company was founded in May 1993 and is headquartered in Redmond, WA.
MVIS - Bull Flag?!MVIS recently broke out of a long term downtrend and seems to be forming a bull flag on the 15-minute chart. As you can see we blasted through various levels of resistance today and could be setting up for a great end to the week as a hammer candle may be appearing as the very last candle to the day in this time frame. What do you guys think?
5 "Dips" I Like: MVIS, VAPO, BBI, JMIA and CAPRRight now, I think MVIS is extremely oversold as well as VAPO and BBI. JMIA, I consider still a dip though in the green given recent bearishness. CAPR is likely going to retest for an uptrend again. A diversified portfolio that is quite small allocated towards these five may by mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
Big Gap Fill, Anything under $2, Bullish, > $2.85 TargetRight now MVIS is one of those dips that still got me excited. News is going on that they may be possibly acquired for a value much larger than their current marketcap, and regardless the technology is pretty solid. I think the resistance shows it has been oversold, and right now the borrowing fees are astronomical. All this leads me to believe that this should spike soon, and that people who are bearish or selling at this point are likely making a decision that I don't see the data supporting. That being said, please proceed with caution. Everything I say is on an opinion based basis. Do your own due diligence.
My Favorite After Hours Dip: Immenent Retrace???My entry for wedge #2 was $1.76. PT target is $3.08. Right now, I expect a positive retracement given the massive selloff was towards the bottom floor and the pattern last earnings call. Once support levels pick up, this will retest and retrace closer towards today's opening. If I'm right, very large profit turnovers for those who get the dip. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Keep a close watch.
$MVIS MicroVision, Inc 35% upside MicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP scanning technology has addressing the following market segments Interactive and non-interactive projected displays, 3D Perceptive LiDAR sensing for consumer electronics, Augmented/Mixed Reality (AR/MR) and 3D Perceptive LiDAR sensing for automotive active collision avoidance. The company was founded in May 1993 and is headquartered in Redmond, WA.
$MVIS: Long for Earnings + Wave #3Right now looking at $MVIS, I know it has had quite the bull run. However, I think with higher support levels, the last two previous wedges, and positive expectancies for the earnings call, this can at least be $2.85. That makes for a decent profit turnover. That being said, everything I say (as always), is on an opinion based basis. Please proceed with caution, do your own due diligence, and invest at your own risk.
MVIS Long Position pattern analysisMVIS Analysis:
- About to cross over the downward trendline
- Oversold on RSI (Pattern of oversold/overbought)
Once it crosses the 5 day SMA line (blue line), it will go up.
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Buy around 2.15
Sell around 2.8 or when oversold on RSI (which ever comes first)
Microvision INC Washington $MVIS (IDEA)Looks like a pull back to me yall..
I may have caught a small run on the buy it but hey, sell if possible now or a heavy fake out... lol who knows 5050
But signs show BEARS could probably bring it to $1.94 by Tuesday if it doesn't get back over $3 and support held
#TRADESAFE
#INVESTSMART
NASDAQ:MVIS