MVIS - Possible Breakout ComingMicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP offers Pico projection or interactive Pico projection; three-dimensional sensing for automotive and industrial applications; augmented or virtual reality; and head up displays for automobiles. The company was founded in May 1993 and is headquartered in Redmond, WA.
SHORT INTEREST
7.94M 09/13/19
P/E Current
-1.85
P/E Ratio (with extraordinary items)
-2.16
Average Recommendation: BUY Average Target Price: 2.56
0K17 trade ideas
Microvision LONGThis company has fantastic management,
They have been around for a few years but our just now starting to get there bearings. They singed a 10 Million licensing deal at the beginning of Q2 for there Mini Laser touch screens.
They have a tone of potential IOT, Auto pilot cars, AR/VR gaming.
They are going to add a small projector to and ALEXA based product that will also act as a touch screen. That will bring smart home technology to the next level.
This a dirt cheap price for this company. As this is still a spec company always a chance to loose your investment so do your own research. Earnings is today and could present an even better buying opportunity if it doesn't go well.
Microvision Prediction I forgot to post here :(I had posted a chart similar to this to my personal page.
MVIS was trending $1.04-$1.06 a share
I seen potential for short gains of $.04-$.12 a share
I also see potential of long term gains of $.45-$3.00
Also seen risk of a breakdown to $.95
Where will we go from here?
long term holdMVIS has appeared to found its bottom and is moving up in a wedge formation. It looks like its back on track with the long term trend= trend is your friend. Also, EMA9 is above EMA20. Price has crossed EMA 50 which should be closing in on EMA200 in months. Up potential according to its Target price is $3.76 which means 211% gain potential... worth keeping on a watchlist?
MVIS - Flag formation Long from $2.60 to $2.87MVIS was in the intraday alert for possible trade opportunity. It was a downward channel breakout long trade from $1.70 to $2.70, and now it seems forming another flag formation. Its breaking out downward consolidation of the flag, and showing strong upside potential.
* Trade Criteria *
Date first found- March 27, 2017 (intraday)
Pattern/Why-Flag Formation
Entry Target Criteria- Break above $2.60 (hit March 27, 2017)
Exit Target Criteria- $2.87
Stop loss - $2.37
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MVIS - Downward channel breakout, and flag type long trade MVIS is running within a downward channel in longer frame. In short term it is forming a flag formation. It has good insider buying & also Moneyflow starting to break through zero label.
* Trade Criteria *
Date first found- February 7, 2017
Pattern/Why-Flag formation, downward channel breakout
Entry Target Criteria- Break of $1.90
Exit Target Criteria- Momentum
Stop Loss Criteria- N/A
(Note: Trade update is delayed here.)
Penny Stock Speculation I have been watching this stock for a while. With the recent failure from the highs I decided I would share. MicroVision is company I became interested in for a fundamental reasons. They are the creator of the "PicoP" projector, and they create laser based projection systems. They also hold a large portfolio of patents that I believe may have application in virtual and augmented reality. It came across my radar one day and peaked my attention. I am completely speculating with this company. It is a high risk gamble, as many of you know, stocks trading at these prices usually are.
I would also like to share short interest data taken from the NASDAQ website.
Settlement Date / Short Interest / Avg. Daily Volume / Days to cover
11/15/2016 / 4,821,343 / 340,927 / 14.141863
10/31/2016 / 5,007,580 / 157,469 / 31.800418
As you can see short interest fell during the time period 10/31 to 11/15 and days to cover went from 31.8 to 14.14. Are short sellers preparing to cover? Why are 4.8M shares short on a stock that was trading below $1? I don't have the answers to these questions.
If you have any comments or critiques please share. Again, this trade is entirely based on speculation.