MVIS: Still No Pump Fatigue For TradersYouTubers, WallStreetBets Reddit, an article on the Nasdaq website, fake news sites, and recycled press releases all contributed to MicroVision's rise in January and February. Can it be sustained or will it continue to fall due to retail traders' pump fatigue?
(Opinion only. I'm not a chartist. Not trading advice. I hold no position in stock mentioned.)
0K17 trade ideas
What could happen after +16177% gain in less than 1 year?Potential price drop: 45%
Reward/Risk:2.3
Timeframe: 1-3 months
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MVISMicroVision Inc., also a lidar manufacturer. The same expectations of the deal with #AAPL on the AppleCar project. The graph is logarithmic, keep this in mind. Technically, we have a breakdown of a large resistance level (see the yellow circle) and a retest of this resistance level. The paper is very volatile, the price movement of several tens of percent per day is a normal phenomenon, do not write me panicky letters with stupid questions on paper drawdowns. Remember - risk equals income. If you don't want to take risks, leave the stock market. It is expected to achieve 3 trade targets - $ 27, $ 44, and $ 77, which could add up to a 324% increase. I will work out this trade with a synthetic long, buying the underlying asset and simultaneously selling covered calls, and selling 50 delta puts for the April 2021 series.
The big movement has yet to come -MICROVISIONTake a look at the price in relation to the circles. RSI broke out when we were at around $3 and we ran to $9... RSI broke out while we are sitting at $10 to propel us to $15, $20+ ?? We will find out next week but the real fun is just starting MICROVISION