MVIS trade ideas
Vision for this stockIf it holds the support here and we see some bullish actions, the target will be above $30
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.
Microvision - MVIS - Testing Moving Average Support!Microvision - MVIS - Testing Moving Average Support! If support hold them a nice 1 or 2 month call option play may be in order? But who knows?
Cup and Handle???? Potential Breakout??Cup and handle looking beautiful, just need to finish making the handle and then we are ready for takeoff. Excited to see where this stock plays out in the next couple of months!
MVIS Looks Ready for A BreakoutIt looks like MVIS is due for a reversal to the upside. Possibly a retest of $24 and ATH? Thoughts?
Equity offering agreementStock drop due to MVIS announcing it entered into a $140 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group (Craig-Hallum).
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.
MVIS....Whatsappeniiinnngg?? Hint: What do you drink out of?Quick little PM TA on MVIS. No need to worry, we are setting up a beautiful cup & handle formation. We're keeping an eye on the price bouncing off the 25% retracement on the daily. If we break above $21.50ish and hold, then we should start back on the uptrend. If we break down below it, then we do have some restistance points along the way. I don't see it breaking lower than the 40%. With MVIS being added to the Russel, we should start to see some really good price movement from ETF purchases. So hold on tight, and buy the dips! The rocket ride gets a little bumpy.
Microvision MVIS - Swing Play IdeaOur last weekly candle closed near the top end of the trading range. Also notice there is a potential cup and handle pattern forming here on the weekly chart. This could be a sign that we will soon break out of this current trading range and close a weekly candle above 20.50. We would then be looking to make a new high, in what appears to be a solid longer term uptrend channel(white lines) going on. But in order to do that that, we first need our dip to form the handle of our cup pattern...then of course some volume on this dip. Ideally, I'd be looking to start buying closer to our current 50% retrace level of 17.63, adding heavier as we move closer to the bottom of the cup. I would use Friday's previous high of 23 as the sell trigger, but focusing mainly on the current 1.0 fib extension target near 30, selling heavier as we move closer to the 1.618 extension target near 41. Just keep in mind that we could very easily slip back into the current trading range, with our bottom level sitting near 10.80. We could also just as easily get a news release that quickly sends this to a new high without any dip at all.
*Swing MVIS at your own risk!
MVIS Weekly looking to cross BullishNot an Advisor.
This chart is a bit messy so I apologize in advance. Weekly Chart for MVIS is showing monster potential.
Looking to cross bullish on the MACD
Stoch lines are looking like they may start that movement upward signaling strength to come to this chart.
RSI is only at 62! Plenty of room to run here.
Still awaiting on Volume to match the weekly average of just a bit over 100 million, currently at half of that with 2 days left this week of trading.
Watching this closely to see what pitchforks further get validated with price action this week.
Blue lines are flag measurements to gather price targets.
Gold lines are areas of previous resistance/ support. Also price targets.
MVIS - Gettin' all fancy today?! Watch the trend this weekLoving the price action on MVIS today. I played around with my Trend line on the Daily Log chart, and found what appears to be the trade channels. I'd love to hear what you all think. Based off these trends, we could see consolidation for the rest of the week, with the uptrend starting on Monday. Keep an eye on the formation as it develops. Looking for a 3 soldiers pattern. Hedge wisely on this, things are starting to heat up.
MVIS Weekly Log Scale - June 2021Holding nicely above $10. Just needs a bit of volume and a catalyst (LiDAR partnership perhaps?) to get her back in the 20s and retesting that 27 area. A market crash feels like the only thing that could stop this overall bullish trend.
