MVIS trade ideas
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?
$MVIS sitting at support, waiting for 1 more signal to buy$MVIS sitting at its support around 2.28, will be watching it right at the bell for s buy signal before i move in the THE KILL!
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.)
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.
