MVIS trade ideas
What's next? 14?where those Diamond hands dudes are at? LOL
Just kidding, so we'll see if it will break uptrend. Otherwise just hold...
What's up with earning though? Negative?
Microvision MVIS Daily - August 2021We've got a clear gap to fill at 12.88. Although it feels like she might go testing the latest 50% swing retrace before coming back down to fill that gap ahead of the live demo in Sept at IAA Mobility. Also keep in mind that they still have another $70m left on the ATM.
$MVIS is gonna fall todayPupm&Dump trading strategy idea.
$MVIS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $14,21;
stop-loss — $15,20;
take-profit — $12,23.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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MVIS Levels after Q2 EarningsMVIS has been stagnant for a few weeks leading up to these latest Q2 results. The 786 fib line using Q2 lows as the anchor reveal some important levels and this 786 was one of them. It was a prior pivot point that more times than not ended up being support and/or a level of consolidation. It was only until recently that MVIS ended up failing to hold its consolidation trend and slid back. Now that ER are out, not only may 786 area be important but so might the 50 DMA which is right around $14.50 as of today. After hours on 8/4 MVIS briefly traded above that level but almost immediately got rejected. And to think that we were covering this as frequently as we were when it was still a penny stock. It has come a long way.
" There are a few reasons for the massive spike in MVIS stock over that time frame. One of those is its work on LiDAR sensors as well as microchips and various computer-related products.
Right now, there is a major shortage of microprocessors. If we consider basic supply and demand principles, we see that a massive gain for MVIS stock makes sense. However, its LiDAR sensors are also used in self-driving cars, which have become a major focus for Reddit stock investors in the past year or so. The focus from Reddit investors on MVIS is another example of retail traders pushing a stock with a high institutional short interest ..."
Quote Source & Read More: Former Penny Stocks That Exploded in Value, One Up Over 3,500%
Not too excited about Meh-VIS right now. My honest TA on MVIS right now. I'm at the point where there are many other great plays in the market currently. On the Daily chart. We have weak volume and sentiment with MVIS. Starting to see price breakdown on a slow descent. The occasional ups, keep the retail investors in, with the hopes of the uptrend continuing. However, where the RSI is sitting right now, it really is a wild card. Tomorrow will tell us if we see an uptrend, but even that could be short lived, bringing us close to the $19-$20 range. However, be assured the HFs will keep the higher volume options just out of the ITM strike, on OPEX. This is more easily obtained by introducing weekly options. What I do in these situations, if I'm not retaining profits, then I'm minimizing losses. Make sure you all keep a level head about your trading and don't let Hopium control your emotions.
Safe trading my friends.
MVIS Long position to the upside with potential 14% GainMVIS is getting close to a main support level at the $15.30. Expecting to see a bounce back from this support line to the upside with a minor pullback on the descending triangle. Even though the descending triangle is perceived to be a bearish pattern, the chart is looking at a possible revers to the back side from MVIS main support level at $15.30. A breakout of the triangle may indicate a major move to the upside back to $23.00. Beware of a false breakout, but if MVIS pulls back and bounces off the descending triangle, we may experience a 14% move the upside back to MVIS next main resistance level at $23.00.
MVIS Long Position:
Entry: 16.20
1st profit target: 25% @ 16.65
2nd profit target: 50% @ 17.35
3nd profit target: 25% @ 23.00
SL: 16.02
Risk to reward ratio: 2.68
As requested, my thoughts on MVIS! 🤔As @meghanOGTay requested, I’ll analyze MVIS today!
It feels like MVIS is dead: small candles, moving sideways for a long time, low volatility…
On the other hand, MVIS is oversold, and if we see any good catalyst around, it can fly very high. But I see the 16.65 as the most important support for it. Check this out:
The 16.65 was a top level 3 times, and a support level for a second time. If MVIS loses such an important point, we might just drop to the 14 again.
But if we see a green candle here tomorrow, then I’ll believe it can hit the 24 again! Let’s be careful with this support level for now.
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See you soon,
Melissa.
MVIS HArmonics: Let's Ride!Looks like there could be a big move coming on MVIS. I am getting on at the reversal zone here and riding up, setting my stop below the previous support level, and possibly taking profit at some of these fib levels. If I see price, fail to reverse at the reversal zone, fail to pass the previous high (B point), or fail to pass the high prior to that one (X point), I will exit the trade. Good luck, trade safely, and let's make that money at the REAL reversal zones.