Will Vuzix Corporation 50x your investment?On the above 8 day chart price action has corrected 96% since March 2021. A few reasons now exist for a bullish outlook.
1) Price action and RSI resistance breakouts.
2) Price action lands on legacy support. See monthly chart below.
3) Regular bullish divergence as measured over 40 days. Multiple oscillators now print positively against price action.
4) No share splits.
5) 12% short interest by retail.
5) 36% Owned by Institutions .
Source:
shortsqueeze.com
6) The 50x possibility comes the bull flag price action is currently trading in. You’ll be glad you acted today should it confirm.
Is it possible price action continues correcting? Sure.
Is it probable? No.
Ww
Type: investment
Risk: 1-3%
Timeframe for long: Has corrected 96%!
Return: Read the idea
Stop loss: will say elsewhere
Monthly