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MicroVision, Inc.MicroVision, Inc.MicroVision, Inc.

MicroVision, Inc.

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MVIS trade ideas

$MVIS - playing cup and handle with tight stop lossI am just playing the chart and indicators on this stock. I do not know much about the company. I am seeing the classic cup and handle formation setting up. I am in a small swing trade with tight stop-loss since it is not a company I know. I played options on the first run up and exited with 22% gains (entered Jan 6, exited Jan7) I entered my new position (swing trade) around the $6.95 mark Jan 15 and have a tight stop-loss at $9.48. I will exit at $11.50. Risk $0.50 to make $1.50 Should it pass $11.50 I will move stop-loss up to $11.50 and continue to increase it as long as the stock continues to go up. Let's see how it performs. Classic cup and handle formation The "classic" cup and handle pattern has at least a 30% increase, followed by no more than a 30% decline, then finishes the cup over the span of at least 1 month. The handle will be a pullback of around 5% followed by a rally
NASDAQ:MVISLong
by katblat
PT estimates for 1/11 and 1/12 - Fan/FibLooking back at the past 2 cup formations, there is a consistent 13 bars on the 1D chart, between the two highs, before retracement. With lots of compelling, and positive, news around EV developments (i.e. Apple/Hyundai and NIO/Nvidia) there are more eyes on MVIS and their development towards the most advanced Auto LiDar on the market. The break above $5 attracted a higher level of investor, bringing more Volume and more potential to run parabolic. Keeping the same measurement of 13 bars between peaks, this will land us on 1/12 for the next peak, and 1/13 could start a retracement.
NASDAQ:MVISLong
by ReadyFor401k