MVIS trade ideas
MVIS: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
250RSI above 50
200MA ascending
Target:
PT = 38.02$
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Got to fill that gap before running to 30$Forming mini head and shoulders. Needs to fill the gap around 15.6$ before run up
Cup and Handle on the Weekly? Looks like Mavis is up to her usual cup and handle again. Lets see if it plays out - PT $24.5
MVIS ready to fly.LIDAR tech just announced, if you can get in at $20 that would be a steal! $40 price target by mid 2021!
Got more fuel left in the tank!!!Only off by 2cents from my first pt. Next pt is either 18.64 or 19.8.
predictive analysis$mvis seems highly unlikely to sustain a parabolic move into a seventh (7) green day, but I noticed a deflection angle of approximately fifteen (15) degrees per session over the last five sessions. 20 by tomorrow?
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
Opened a position. Decided to pull the trigger on this one since the company seems like it is on track. MACD is widening green and will swing trade this. But holding for the long term is convincing as well as the company is focusing on finding a buyer.
BUY $MVIS PT 8.45 PT2 9.5 SL 6.28Rationale
Volume Shelf, Large demand in the 7 zone
Coil pattern
Buyout rumors
Other similar lidar companies like LAZR are in an upward trajectory
Peculiar -Options contracts go up to $19 for Feb, but not for March
Options value & flow is above average
Secondary offering back in December
Thanks to the market wide pullback on friday. This $MVIS play I played earlier in the week is coming back for a second round, with the price retesting the volume shelf (again!). I'll be entering monday, assuming it doesn't gap up. This time i'm going to use a tight stop.
MVIS update - retesting highslooking bullish. always tough to know how to trade a breakout like this and could see a correction around this area or continue on.
I like it right now and target is $13 to ~16 for this larger degree move.
not financial advice
$MVIS Still Holding Upward Trend$MVIS is still looking good for me. Trend line up is holding and dropped in price the last few days on low volume. (Consolidation)
The next resistance levels should be the thinner green lines above price. If trend continues up and volume comes in, I have a PT of $13.94 which is the 1.618 fib level.
This is not advice.
30M Gann Fan HarmonyBy placing the Gann Fan at break out points, it creates precise Support, Resistance, channels, and pivot points. Combined with the Bollinger Bands, we can now identify future trends before they happen. This same method can be applied on shorter and longer chart ranges (i.e 15min, 1day, etc). Breakout to double digits incoming!
MVIS Cup & Handle with Broken Resistance Trendlines1 day break of resistance and beginning of the leg up after the formation of the handle in the "cup and handle" chart pattern. MACD is almost crossing on 1 day and 6 hour just crossed. Lots of great things happening with this chart.
There are a lot of hype behind being bought out as well at some point by big names such as Microsoft and Apple.
Here are my projections for the upcoming 2 weeks.
1 week - $8.50
2 weeks - $9-$10
