Thread by @malteseinvest

Analysis: #NASDAQ $MVIS

Case 416 #MicroVision Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#MVIS 1/4

Chart 1
Weekly Chart: Price has gone #parabolic off the all time low at 0.15, smashing through 2016 and 2018 pivots, the #SMA 200 (last time it was above was in 2017) and Mar. 2015 #trendline resistance. However, it has .....

MVIS 2/4

..... failed to close above the confluence of #pivot and synthetic #resistance at 3.07. A close/hold above targets the synthetic at 4.50 with the second confluence at 4.72 attracting - a close and hold above will eventually target 5.72 then the 2011 pivot at 6.56.

MVIS 3/4

Chart 2
Daily Chart: Good #support seen from the main SMAs. Price needs to hold above the 2016 trendline, otherwise this could target 1.45/38.

The #Strategy is printed on the image.

$MVIS 4/4

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