By 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!
Looking 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...
NASDAQ:MVIS Pulling the chart out 6 months, you can see consistent support and resistance points that are paralleled in various channels. Recent positive PR has bumped MVIS in to a higher tier channel. Pulling off historical consolidations over the past 6 months, you can see the where the action line of the pennant formation. This past week, that line became...