Microvision is entering new price levels.NASDAQ:MVIS has broken the $2.00 resistance, forming a new trading range from that level. This stock is ideal for long-term investments as well.
(This is our signal)
MVIS
MVIS Microvision breaks higher from earnings LONGMVIS is a volatile penny stock with daily volumes in the 20JK range and a low float. Yesterday
was a decent earnings beat. MVIX was already trending up into the earnings and now may
sustain that trend up. Volatility and volume indicator support my supposition that the trend
is real. The target of the consolidation period of February 8-13's price level of 2.58 is
13 % upside. I espect this to be a long swing trade lasting a few days. Upon reaching the
target I will take half the position to realize that part of the profit and run the rest.
MVIS | InformativeNASDAQ:MVIS
Technical Analysis for MVIS:
If MVIS breaks above the bullish line of $4.24, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the first target price (TP1) could be set at $5.01, while the second target price (TP2) could be set at $5.86.
Conversely, if MVIS breaks below the bearish line of $3.69, it may suggest a bearish signal, implying potential downward price movement. In this case, the first target price (TP1) could be set at $2.88, and the second target price (TP2) could be set at $2.35.
Fundamental Analysis for MVIS:
MicroVision Inc. (MVIS) is a technology company that specializes in developing laser scanning technology for automotive lidar sensors, augmented reality (AR) displays, and consumer electronics. The company's core technology, known as MEMS (Micro-Electro-Mechanical Systems) scanning, enables high-resolution and low-power consumption displays and sensing solutions.
MVIS operates in the growing markets of automotive lidar and AR displays, which offer significant potential for future growth. Lidar technology plays a crucial role in enabling autonomous driving systems by providing accurate depth perception and object detection capabilities. As the automotive industry continues to embrace autonomous driving technology, the demand for lidar sensors is expected to increase.
In addition, MVIS's AR display technology offers immersive and interactive visual experiences across various industries, including gaming, entertainment, and enterprise applications. The adoption of AR technology is on the rise, driven by the increasing demand for enhanced user experiences and applications in fields such as healthcare, education, and industrial training.
MVIS has been actively engaged in strategic partnerships and collaborations to enhance its market presence and accelerate the commercialization of its technologies. These partnerships help expand the company's reach, leverage industry expertise, and access additional resources for research and development.
MVIS Springback TestCurrently retesting lows for the 3rd time and showing bullish divergence. Nearing earrings and a breakout point, fib targets on chart.
$MVIS ~ Correction still in progress...As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
MVIS boom incoming?Not a financial advisor.
MVIS had a historic run and made a lot of news headlines last year.
We appear to have seen the bottom and look for a 3 white soldier reversal to confirm the strength upward.
This was one of the best plays for volatility in the market with the price swings. Also had major booms in the market seeing major price increases.
This is certainly one to keep an eye on in Feb. You may never see these price levels ever again.
All indicators are curling up and the Parabolic Sar has flipped bullish. This is one of my personal favorites due to its history of major price spikes. Definitely watchlist worthy.
Lidar, Augmented reality
plenty of eyes will be watching this one closely. I anticipate this to be a headliner again for 2022.
This should be back up to $8 in a matter of weeks.
More Pain on the WayBased on the presentation that was presented today (Jan. 5th 2022) this stock will be heading to the supply zone on the chart. Currently holding some shares that I will diamond hand. Looking to average down when the time is right. I believe company will achieve greatness but will take some time.
$MVIS Potential Bullish Shark into Bearish 5-0 - Huge Structure$MVIS Potential Bullish Shark into Bearish 5-0. Bullish Divergence on 4 hr MACD and RSI. Looking for reaction low at .886.
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 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%
MVIS Put potential soon MVIS according to technical indicators is showing a strong sign of reversal because it is overbought, reversal of MACD, and SQZ indicator falling. Once the stock shows complete signs of reversal, it is a good time to short or buy puts.
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.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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?
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?
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 - 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.
MVI-YES WE CAN! TA on uptrend and insightAfter the semi let down from the ASM call, we are seeing great price action as a result of technicals and some great articles being written. One in particular calls out Tesla's interest in Auto-LiDAR. This positions MVIS very well, as a candidate. I call out the current trading trend, and the bigger trading trend that was confirmed today. Also bring notice to a pattern that we need to be aware of when trading options. HFs like to short a day our 2 before OpEx, run up, then short again. Play it safe, invest for the long haul with MVIS.
