What is up, everybody welcome to trace trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I, like the purpose by saying that i am not a financial advisor nor expert, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep and some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money in The market - and i can happily say that i am financially free and i am not even close to a financial background. I got my undergraduate in nutrition, so that should be all the information.

You need to know that you do not need a background finance to be good at finance, so if i can pass along any of the information resources or tools to you, guys make the community a little bit better off than it was before. That's all. I can ask for lastly, if you would not mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do daily updates on microvision now, quick uh, quick shout out to The guys over the patreon we did have quite a few people joined today. We are up to just about 50 members.

I think yeah 50 right on the nuts uh arthur humira montana, robert justin cody idiot box, matthew isaac, matthew. Thank you guys so much. I really do appreciate the support they will have access to the private discord, as well as a real-time insight to my personal trading, and if you are interested, there is a link in the description box down below. Now we are going to be giving an update on ticker symbol, mvis the total price action that we saw on the day.

We do have leveled off some current support levels, resistance levels, we're going to take a look at the overall volume trends. I do have the rsi indicator pulled up the relative strength index. Anything over 70 is overbought. Anything over under 30 is oversold, and then we do have the 20 day.

Uh volume adjusted moving average pulled up, and this is just an average valuation on the price action. Given the current volume trends and then the 200-day ema exponential moving average - and this is an overall trend line based on average price action over a 200-day moving period. So we're going to take a look at this from a macroscopic point of view, as well as a microscopic point of view, give you some ideas of potential entry points exit points if you're a mid to long-term investor or a swing or day trader. But before we get into that, if you're new to the channel just going to give you a quick run through on what mvis is mvis or micro vision is in the development of laser beam scanning technology, it offers its product under the picop brand picop scanning technology Has addressing the following market segments interactive and non-interactive projected displays 3d perceptive, lidar sensing for consumer electronics, augmented and mixed reality and 3d perceptive lidar sensing for automotive, active collision avoidance, and i have their website pulled up here as well.

They do have quite a bit of cool technology. You know, they've got they've got different patents that they own different source codes. Hardware, design system designs, the mems, the the lidar is a huge thing. They have a projection engine, that's super cool! You can you can project onto any sort of surface and touch uh touch it.

You know be great for cooking great for the classroom, all sorts of different things. We have the projection engine. This can project right onto your desk and you can use it as like. As a laptop per se or a tablet, the lidar sensing head mounted displays which they're currently working on uh for potential.

You know military use on the grounds like for goggles uh. They do have this same tech that is used in uh, ibs tech. In you know, kevlars or helmets of aviation pilots, so the guys that are flying the skies just helps them navigate the skies more clearly and then currently working on the automotive lidar, and we are expecting a presentation on this in the future. Uh.

The the projected date is sometime in april, and i would expect you know a pretty steady and slow climb up to that in anticipation. Of course more so when we get closer, you know we should see an increase in volume and all sorts of cool stuff like that. Now they usually do go to the ces presentation, which does start on monday and they are not currently listed on the ces right. So my speculation is that they are not going to this this typical.

You know presentation that is about four days long in las vegas because they may be in talks of a buyout with a different company such as microsoft or apple or tesla. I know people say that elon musk would never use lidar, because it's it's clunky and bulky and ugly, but uh. You know this. This lighter attack is sleek man.

It looks pretty good if we come back here to the lidar sensors. You can't even tell it's on the cars i mean this is small, it's it's super small, so i do think the potential is definitely there and i would not be surprised whatsoever if that is the reason why we don't currently see you know mvis at the ces Presentation is they. They may not be able to disclose certain information that is happening currently with the company, so that is just something that i wanted to bring up to you with potential buyout in the future. Of course, if you've tracked along on the channel, you know that we're not here for the buyout we're here for the great company and the buyout is the addition.

So just keep that in the back of your mind. With that being said, we're going to get right into the charts on mvis, so i do have pulled up the the overall one month chart and the one day one minute chart uh the resistance levels that we're currently looking at you know are 472, 491 and 513. We do have a couple contact points on each of these prior acting levels of support. One common one contact point here: you know a prior level of resistance here and then 513 we've got one two three different contact points prior level of resistance before breakout and then the current levels of resistance that we're looking at are six dollars and two cents from Today, as well as 6.29 - and we did touch this in the pre-market, we had a pretty solid pre-market, pretty pretty pretty good pre-market price action, a lot of peas, that was tough to say so, we're looking really solid and there's one thing that i really like that.

I pointed out in my video yesterday, but in case you did not see it. We did have a crossover on the vama. The 20 day volume adjusted moving average over the 200 ema, and this is a very bullish indicator and most of the time when this kind of thing happens on a stock uh, it's it's right before a potential breakout, and you know i i did point this out On jag x, right before it broke out, i pointed this out on on bng0 before it broke out. I pointed this out on pte if you saw that stock earlier in the day and that stock is in in the process of breaking out, and that is a huge bullish indicator to me.

So anytime there's a gap between this 200 ema and the 20 day. Voma, that is a huge sign that there is potential in the future for a very solid run, and i would not be surprised with that whatsoever because we are beginning to see a trend reversal here. Right we're getting back into bullish territory and things are looking pretty good, which makes me really happy because uh there was a solid stretch there. It was looking rough.

I mean i had a couple. People say: trey, all the stock ever does is go down. Why are you putting us in here and uh? You know, i understand, because it was. It was rough for me to watch for a while, too you know i have my skin in the teeth i will be transparent.

I did actually take the opportunity today. I had some extra dry powder laying around. I did dollar cost average down a little bit, so i currently have 2030 shares in nvis, with an average cost of 6.75, currently down about 1 743 um. So i understand where you're coming from it's definitely tough to watch, but i do believe in this company long term.

I am playing this as a long term hold i plan on holding this for all of 2021, regardless of a buyout or not, because i do think that they are extremely undervalued as a company, the rsi indicator. You know during the regular market hours on the one month chart, we were looking pretty neutral about 50 and that's not bad right, because we did end up down just shy of a percent. You know 0.17 percent, so technically our red day right, but very solid price action. I'm not minding you know a small correction of less than a percent on the stock.

You really can't be mad about that. I think, on the day i was down. I don't know like 30 bucks or something 12 bucks, so you know that's chump change that doesn't really matter in the grand scheme of things. So i'd consider today a pretty solid consolidation date in the grand scheme of things and we did have less volume than usual, which does bring up the less volatility that we saw in the price action.

You know we uh. We did see a pretty harsh selloff at the beginning of the market, just because we were up pre-market, and you know this stock historically speaking, does have a decent amount of short selling pressure and i'm sure there were people out there that took an opportunity to short, Sell this stock today, but you know, in my opinion, short selling the stock for this. For this long period of time it's uh it's a little bit risky man. I think people are going to get burned pretty quick here so um if you're a short seller.

I wish you luck and uh. I i wouldn't bet against a stock like this. Personally, i think, there's just too much upside and potential, but as long as you're making money. That's what matters my friends! So that's what we're looking at on the one month chart right now.

You know pretty neutral territory on the rsi. We are looking bullish on the charts uh. We do have an overall. You know upwards trend line that is forming at this given moment.

If we draw it out based on the highest candlestick here, we're looking pretty solid and we could channel this out. You know from the low point right here we're looking probably something around this, so we would expect to see you know potential of uh. You know maybe around six dollars and fifty cents on the next trading day. It'll all depend on the price action we see in the after hours, in the pre-market and with the ces being on monday.

I'm very curious to see on whether or not we're going to have any sort of news release from mbis, since they typically do release some sort of news or update on their tech or or different public relations on that given day and they have gone. For the last 10 years right, so i am going to be watching on monday to see if there's uh, if there's any news catalyst and if there is, i will definitely update everybody now. If we take a look at the one day, one minute chart, i will draw up a couple levels of support and resistance. We are currently looking at about five dollars and seventy cents as support this 573 is from yesterday, and it did act as a level of support in the past throughout the day, followed by a pretty solid support line right here at about 581.

We are currently trading. Just a hair above that uh closed, just a hair below yesterday's closing and that's not too bad right, so we're looking at a resistance line right here. It's in about 5.95, followed by. I would argue right about here at 612.

We would raise this level of resistance from yesterday for day traders and then again we are probably looking right around here at 624 and then 638. So, if you're looking to date or swing trade, this stock, i would watch for you know. I do think we are entering a bullish trajectory here. Shorting is a little more risky than it was a couple days ago right.

So if you are looking to short sell that just know that you are against the overall trend on the stock, so if you are looking to short the stock, however, you know watch for maybe we do see a fair amount of price action in the pre-market and After hours a potential sell-off, you know right at the open, so you might want to enter if we do approach this uh, this resistance level at 6, 39, 624, 612 and then you know buy back your shares. I'd be very cautious. Personally, i think that this this stock is spring loading, getting ready for some pretty heavy action, and you know if we do come over here to the one month chart and we take a macroscopic view on this. You can see that we are forming an overall wedge pattern based on a couple of different days here right.

We do have a low right here, riding up tightening up that price action. Whenever you see this ascending wedge pattern, that is a sign of compression and buying pressure against sellers and typically if it goes in the upper direction, we break over this trend line. That is a very, very great catalyst for some crazy pop-off and volatility and volume. So just be very careful if you're gon na short this stock um, you know power two.

If you make money, that's that's awesome and i know there's a lot of shorts out there that have, but just be cautious if you are going to long this stock on a date or swing trade. Look for you know a potential sell-off at market open, followed by a rebound. You know, as you saw here, maybe from one of these levels of support back up to one of these levels of resistance. Um, you know write those down if you want to keep those in the back of your mind, but that's currently how we're looking on the one day one minute chart.

Now we did have a crossover right at the end of the day of the volume adjusted moving average to the ema so entering into the after hours. In some pretty bullish territory. We did have a nice solid, run right here, very solid upward trend line, and i will draw that up just so, you can see, i mean it is pretty blatant, but if we did continue on, i think if we had another hour or so you know you'd Be looking pretty solid, unfortunately, you know the trading hours are not very long, and i could tell you one thing for sure when the weekend comes around it's just not the same anymore. I i sit around and i sip on some whiskey, and i talk to my friends and my family about how i wish the stock market was open.

But what do you do? That's just that's just the way it is, i suppose, but looking pretty solid right now. Uh, that's what i've got on mvis. We did have a slightly red day 0.17, but i'm gon na call today a consolidation day. We do have that nice ascending wedge pattern forming on the one month chart.

I'm really excited for where this is going on monday and if we have any sort of news, catalyst whatsoever guys. I am so excited because it's been a journey and mbis is going to absolutely crush uh. Any sort of thoughts that that anybody could could imagine or or conjure in their minds right now. This is going to be a great stock and i would tell you that, regardless of whether i had a position on it or not, just because of the overall trends here right, it's looking very solid.

We do have a great overall one month, trend from two dollars and 42 cents all the way up to where we are now at 5.58, so great growth out of the stock over 100 growth in a month. You cannot complain with and i would not be surprised if we see the same thing happen in the next month or two months. So that is what i have for the update on nbis today. If you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do updates on microvision every single day.

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