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.
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As always, please let me know if you see something I didn't catch.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.