0K17 trade ideas
MVIS; A short chart analysisDISCLAIMER
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. I am obviously not rich, so obviously I haven't made it with my own thinking, so definitely don't put faith in me. But maybe check out my chart and laugh at my lines.
Thesis
I am not doing a write up on this stock, there are many more intelligent people who have done greater coverages of MVIS, also I believe this stock is not in complete reality as short interest is super high, I have been watching the level 2 data and charting a bit and there is an extreme disconnect between reality and share price. There is significant talk of a valuation at 15 billion, acquisition by Microsoft, etc. I can't say yes or no to any of those claims but I can say that this is a technical analysis of the stock chart only.
Chart Analysis
I just wanted to do a very basic trend analysis. I believe there is a good range of date and price action, I don't spend money on this sort of analysis alone. Do not use this in real life!!!!!!!! Just look at it to get an idea of possibilities!!!!! If there is a short squeeze, you can expect a huge shift from this growth channel.
Microvision April 2021Breakout of this pattern will send us testing the upper range of the bollinger band around 19.50. A failed breakout likely send us back to that 14.73 area for potential new support, which IMO would be a healthy move. Expected A-Sample update on April 29th's earning call will impact the share price.
WandaVision was a pretty good show, solid 7/10, $MVISStrong rebound off $10, stonewall support. Looks like a lot of buy orders hit, not sure about any news catalysts. Lots of resistance however on the larger time frames.
MVIS gapped down on the wedge break out, pretty bearish IMO. Old resistances become new support, and old support becomes the new resistance.
3 & 4Hr has the 50SMA as resistance, if it can break that'd be good.
resistance at $13 maybe? Idk if I wanna cop a call just for the possible extra little gap up after a 20% day lol. My money is better elsewhere.
I could short at $13 too. Earnings 5/6, that could've been the catalyst. Pre earnings run ups are common. Just like my NIO call, get in get out quick. I wouldn't stay too long in this one.
May haha get it 5/21, or may not cop a call if i got some extra funds laying around. Looking more on the put side.
4hr RSI looks like it can go slightly higher, MACD just did a cross over. Yea honestly looks too late to get a call for my personal risk tolerance.
MVIS ready to breakoutLook for MVIS to have a major breakout to the upside from the falling wedge. Shorts will need to cover...
MVIS to $30 Bull flag, Elliot wave, and incoming catalysts is brewing a strong storm for MVIS to make new highs in May
correction from $24 to $10 was the 4th wave?recently I was extremely bearish on MVIS but I changed my mind.
XABC shark harmonic pattern:
AB=0.38 XA
BC=2.24 AB *invalid*
tp1=0.78 XA=$20 *reached*
tp2=0.88 XA=$29
tp3=1.6 BC=1.42 3-4=$34 *cypher reversal possibility*
tp4=1.13 XA=$76
tp5=2.24 BC=$248
$MVISHere's some update. As i make this, already up 7% pre-market... this one will be one to follow again today.
Last time bullish crossover = 53% up
If that occurs again, that will bring us around 20ish. I think that if it breaks the 20$ mark, we could see a big move up pass the 25-30 zone.
MVIS Heading Straight to $30 With Help from WSBWe had a strong retest and bounce off .382 retracement at $10 today. If we manage to hold outside this channel we could see a 50% move back to up recent highs at $20.
End game goal is $30 for a potential 130% swing opportunity
Recently getting pumped on WSB so the volume will be there. Stop losses under $9
MVIS BUY/LONG Potential from 12.50 to 32.50!1st SAFE Take Profit: 32.50
Technical Analysis
1. Pennant Pattern
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Potential Pennant Breakout (incoming)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI was recently oversold
Note that the market could still potentially fall to 6.30
MVIS Going up.last time the Fibonccci EMAS crossed on the 1 hour candles we saw a shot up to $19. Current formation looks identical. Thinking well see $16 soon. just my opinion, not financial advice.
$MVISI did these trend lines last week...
Well, it seems like they are pretty dang right for the moment...
We'll see where this trend brings us.
MVIS earnings coming up. MVIS was a stock that made us good profit, and we were up nicely. Sold half the position but remained with the rest, and now we have been red. Like all stocks this is seeing red, and hopefully this red can stop. Today we are seeing green and the daily chart is looking good. RSI is heading up while the MACD is in the red, but is ready to close red and turn green. It is using the 100 sma line as support and look for this to bounce off of it. Earnings are coming up and it will be interesting to see what the state of the company is, and what there plans are.
MVIS - To infinity, and beyond!Quick little check in on MVIS. Rest assured, we have uptrend in our near future. Technical care setting up on the Daily chart to support a loooooong run.
MVIS just hit 3 support lines! Can we expect 80% upside??I didnt mention in the picture but the RSI was nearly oversold too - so many bullish signs, ask me anything here and Ill respond if I see it! (the 80% upside isnt too hard to achieve becos if you notice, its been flitting between support and resistance, going up and down 70-90% each time NASDAQ:MVIS
Mvis is getting ready to explode Double bottom has been formed we will see a huge push up! Get ready buy your tickets to the moon 🚀🚀
$MVIS holding support here.$MVIS Tested support area, and bounced off of it nicely. Setup nicely on this bullish formation. Liking the price here for long term, anticipating a breakout for the long run to new price highs.
Support: 10
B/O: 17
Short Term Target: 21
Short Term Target: 31
MVIS Ready?Not and advisor.
Ladies and Gentlemen please buckle up, we just triple bottomed and may be preparing for lift off. Last few times MVIS rocketed up, it has been 400%. I'm not sure we get that this time. I'm hopeful don't get me wrong, RSI has really cooled off in which we should see it rip up like crazy again here. Exciting times to be in MVIS.
