0LRL trade ideas
Vuzix – What's next?Hey guys,
In my opinion, there are two scenarios for Vuzix.
Do we follow the current trendline and continue to rise or do we fall during earnings?
What do you think?
$VUZI$VUZI- one of the few bright spots on a red day. Ark approved, augmented reality 🤓 glasses. I may add more shares if it comes back down and tests the resistance it broke (confirming a new support)
VUZI - Cathie buyingNew stock to me. It is popping.
I did put a limit order on some calls. Let's see if its a buy the hype-lose-your-money or if it works out.
Low cost stock so I am willing to YOLO it.
VUZIX- AR smart glasses/wearable to displace the smartphone?AR smart glasses hype fizzled out after the colossal failure of Google Glasses years ago.
However, according to BTIG, wearable technology's potential TAM could be $100B after accounting for the recent advancement in mobile technology, edge computing and 5G networks. Furthermore, the adoption rate is accelerating because of the rising trend and demand for virtual healthcare, remote training and service calls for overstretched field technicians as a result of on-going pandemic. Based on these factors, BTIG assigns VUZIX a buy rating and $30 price target.
Back in December, VUZIX revealed that Plug Power had been using VUZIX's smart glasses for its remote onboarding and training program and so did Euvirotainer.
Yesterday, Vuzix announced that the company's Vuzix M400 Smart Glasses were featured in the American Medical Association's Special COVID-19 Edition and ARK invest scooped up 292K shares for its ARK Autonomous Technology & Robotics ETF.
Undoubtedly, the momentum and short/long-term catalysts are on VUZIX's side, but the profitability and value leave much to be desired. VUZIX's growth depends on how well it can position itself to grab a slice of the pie in the massive wearable device market.
There might be a temporary pullback to the bottom of channel as the price seems slightly overextended judging from bearish divergences and trend indicators. However, volume seems healthy and I place more emphasis on volume analysis vs technical indicators. Either way, I treat it as an asymmetrical bet with the massive upside potential hinged upon the convergence of multiple technological breakthrough and enterprise adoption. I would open up a small position and put in 1/2 market buy and put in the rest at the bottom of the channel with the stoploss placed directly below the channel. This swing/intermediate setup can turn into the long-term holding if fundamental plays out in the long run.
Do your own due diligence. Not the investment advice.
I was the only to predict this move in VUZI to $17... heading to my $17 PT
My last idea on VUZI published on Jan 13th... coming to fruition less than 2 weeks later:
VUZI test all time highusing log scale to look at which is good. like the way it looks up here right now. will see if it can break through the 11.4 soon
not financial advice
very big resistance here. be careful longs long over ath resistance but its held down under 11.5 for 10 years... i wouldnt enter unless we had breakout confirmation. its very risky here imo. even if it does breakout past resistance, i would expect a small dip before that happens. goodluck traders
#Vuzi LongVuzi agian looks very familiar to other set ups like a huge triangle ready for the break out i don't know when the correction will finish but thats what alerts are for! don't miss this one as this can like coty can start its impulsive move at any time!
Bull pennant breakoutRetesting the trend line today, great buy in opp for 50%+ gains. Augmented reality sector is hot.
$VUZI GIANT PENNANT Vuzi looks like Huge bull pennant squeeze is happening mac d still has more room to go up and seems like it already broke the trendline and now retesting or in Eliot wave world a possible 1,2 for 5 waves up Indicators show more upside along with the chat.
VUZI Bull Flag PT of $17 Everything on the chart - this company is supported by immense fundamentals and is massively undervalued still.
VUZI: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 13
250RSI above 50
200MA ascending
If confirmed:
PT = 16.09$
