Pupm&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...
MVIS 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...
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.
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,...
MVIS 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...
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...
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!
Stock 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).
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...
