What is up, everybody welcome to trace trades, where we have technical analysis on different stocks in the stock market, as well as buy hold or sell opinions on these. Given stocks i'd like to preface by saying that i'm not a financial advisor nor expert, i am just some ram dude on youtube, so take what i say with a grain of salt. If you wouldn't mind doing me a favor and dropping a like on the video or a dislike, if you don't think you'll enjoy it, either way, you're helping out the youtube algorithm and subscribe to the channel. If you'd like to see more content like this with that being said, we are going to be looking at ticker symbol, mvis micro vision, incorporated now.

What i think is very interesting about this stock is the amount of volume that you have seen pop up through this thing through the last 10 days, especially yesterday, we saw an abnormal amount of volume, just insane numbers. I mean this is a 15 minute chart. We've got 8 million shares here. 8 million shares here, 10 million 700 000 shares traded here at the very peak we saw 12 million 266 000 shares that were traded on mvis.

So there is a lot of hype and there is a lot of traction with this stock, which in turn drives volatility. Now something to pay attention to is the general trend here, and the trend is a very smooth progression of higher price valuation. We really not have seen a price correction on this stock yet so i can see this playing out two ways and i'd like to prepare you all for both of these scenarios. So i'm going to pull up a vma here, volume moving average just to show you what can potentially happen.

We have been above the vma for the majority of the last 10 days, which means that this is completely bullish territory. The bulls are in control of the stock, but this could turn really fast and likely is going to within the next couple trading days so scenario. One. This stock drops below 807, which i have labeled as the first, the primary support level and i'm basing that off of the all-time high.

Before we saw the spike i'd say this is where a very solid resistance level was prior, which turns this into a support level. Now the stock has risen above that resistance. So if you see the stock drop below 807, it likely will fall back down to the secondary support level of 645.. Now you could play this out two ways.

You could short this stock. If you see a very steep price valuation drop below this 807 mark and use this 645 as a potential entry point, an opportunity to buy back your shares or if you are bullish, mvis and you see this stock going somewhere in the long term. If the stock drops below 807 down to 645, this is a great entry point for for longs on the stock, because i do not see it dropping much lower than 645.. This is a very solid company and this is not just a pump and dump.

As you can see, we have had a very gradual increase in volume. It isn't just a one or two day pump and dump where people are getting their profits and moving on to a different stock. This does seem to be a company which has a fair price valuation based solely on the price action and the 10-day charts. What will i be doing with this stock? I'm going to be very closely watching i'm more interested in uavs, but this does have potential to be a very solid long opportunity.

If this drops below 807 down to the 645 range, i definitely will be trimming. Some of my winning profit positions to get into this stock, i will be putting maybe a thousand to 1500 worth of shares into mvis if we see the 645 range. However, i do not know if i will be getting in at this 807 mark, because we have not seen a price correction yet, and that is something to keep in mind. Is stocks that move up this fast.

You know i mean if you look back 10 days ago, we were sitting at 2 and 60 cents and we capped out it a little over 9.50. That's over 400 percent growth in 10 days. That's a lot of growth! That's a lot a little bit too quick! So we will see a price correction and although it is going to keep running, there will be opportunities for longs to go beyond this 950 all-time high. There needs to be a market correction with this stock and it's likely to happen soon.

Now. That's not me saying that this stock won't continue to run up today and tomorrow. However, the risk is definitely a lot higher for people who want to buy in at this all-time high. So my biggest tip of advice, if you'd like to play this stock, is to make sure you're not buying in anywhere near this.

Nine dollar plus range stay out of that nine dollar plus range, if you'd like to get in eight dollars to eight dollars and ten cents is a solid entry point. If you want to make a quick swing, trade, if you want to touch this all-time high, again and potentially higher, but an even better opportunity with the stock is, if you wait for it to drop below the support level if it does and get into the 645 Range, this is a very solid entry point if you see that happen, so keep your eyes on the stock. Keep your eyes on whether or not it drops below eight dollars, because if it does, it is likely going to be a red day. That will mean the bears are in control, keep an eye on this vma, the volume moving average.

If you see the price valuation drop below the vma, that is another indicator that the bears are in control of this stock. Lastly, one last thing you want to pay attention to is the amount of volume that is coming in. If you see the same amount of volume, you know at market open if you're seeing you know in a 15 minute window, 8 million shares being traded and that's a green bar. There is pretty solid chance that that stock will continue to run up but um.

My game plan for this is to watch for that eight dollar and seven cent support level. I do think that is a solid entry point. Even better an entry point is 6.45, so i hope that was helpful for any of you out there who are considering getting into mvis my biggest tip for you, my biggest, if you could take anything away from this, is don't buy anywhere near that nine dollar plus Range because that is a very steep price valuation and there's not a lot of upside if you're looking to make a quick 50 cents or you're banking on this stock going parabolic, you know climbing another dollar two dollars three dollars within the next day. That is, that is a that is a method, but that is not my trading style.

I prefer to buy as low as i possibly can and sell as high as i possibly can. So if you get into eight dollars - and we touch that that all-time high sitting at 960 - or so you know, that's a buck 50 a share and you turned around a pretty decent profit. You know you're looking at 15, 20 25 margin of return. So that is what i have for the video today.

Thank you for coming to the channel. I appreciate your time if you enjoyed the video, please like, and if you'd like, to see more content like this, please do subscribe. I'd love to get to 100 subscribers by sunday, so that is all that i have for you today and i will see you guys next time: peace.