0K17 trade ideas
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.)
upward trend still intactTrendline still intact 1.56 support holding ...Recently crossed 200 day MA ... looking to re-establish foothold in 1.70's and up this coming week
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.
